Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Kansas City and Canadian National Railway.
Keep up with the latest news, trends and reports concerning rail freight transport here!
Union Pacific (NYSE: UNP) announced this week it would lay off almost 200 employees in eastern Oregon as part of a series of cuts the railroad is making in order to boost profits. The bulk of the layoffs are taking place at a railyard in the city of Hermiston. The yard will close. Additional layoffs […]
“The board has the authority to define reasonable practices. If you were in our shoes, what would you do?” said Surface Transportation Board vice chairman Patrick Fuchs to a panel representing BNSF, Canadian National and Canadian Pacific.
Last week the widely reported headline was “Housing Starts Climb Almost 6 Percent in April” yet many in the transportation marketplace openly questioned how that was possible. Whether it is the railroads moving the lumber to build houses or the flatbed carriers moving the lumber and other building materials to build houses, the widely held […]
U.S. rail volumes fell again for the week ended May 18, while Canadian volumes grew, according to the latest data from the Association of American Railroads. The theme of higher U.S. carloads but lower intermodal volumes was also expressed by CSX this week.
Old Dominion has made a commitment to donate up to $250,000 to the American Red Cross Disaster Relief fund.
Regulators frustrated by carriers’ lack of candor in justifying service fees
This article brought to you courtesy of NEXT Trucking Intermodal and drayage carriers are seeing a drop in demand about midway through the second quarter. The U.S.-China trade war gets most of the blame, but it might be more complicated than that. After 2018’s rush to get containerized goods off of U.S. ports and into […]
John Larkin, arguably the father of all transport analysts and recently an investment banker, is leaving banking to join a small private equity firm
The three stocks get an upgrade not just on Cowen’s optimistic view of the market, but by how much their prices have been hit.
FreightWaves SONAR now features railroad-related data from Commtrex. The article provides insight about the Commtrex, the data it will provide to SONAR and how SONAR users will benefit from it.
“The economy feels pretty good right now,” GWR chief executive Jack Hellmann said at an investor conference on May 14.
U.S. President Donald Trump is pushing ahead on the successor of NAFTA following the end of tariffs on Canadian and Mexican metals.
Market expert Jim Blaze explains the economics behind railcars. He also provides information about the various types of railcars and what market conditions the railroads are facing as they seek to “right-size” their fleets.
At least 35 groups will be testifying before the Surface Transportation Board this week to provide their perspective on how the Class I railroads assess demurrage and accessorial charges. The charges have become controversial because some shippers say the changes that the Class I railroads have made in administering the charges are unfair.
Saudi Arabia Customs successfully transported a container to the Port of Rotterdam using blockchain for the packing list and commercial documents.
A Trinity Industries subsidiary has bought 230 acres in Iowa to construct a multi-million-dollar railcar maintenance facility. The facility’s location in Butler County will give Trinity access to the Class I railroad network and the upper Midwest, Trinity said.
The state of Georgia plans a $35 million sale of bonds to upgrade its rail network, a move that could help boost volumes for Genesee & Wyoming (NYSE: GWR) and other short-line operators in the state. The State Transportation Board approved the sale at a May 16 meeting. Georgia’s Department of Transportation (DOT) hopes to […]
For years, shippers have tapped spare capacity of railcars and tracks as a low-cost option for storing and staging bulk commodities. But the widespread adoption of the business model known as “precision scheduled railroading” means the big U.S. railroads want to be in the moving business, not the storage business. And that poses a problem […]
Nevada joins Colorado in requiring freight trains to have at least two crew members on board. Meanwhile, preliminary data from the Surface Transportation Board shows April rail headcount level to be the lowest so far in 2019 and since January 2017.
Rail congestion in regions such as Chicago and Houston may have eased for now, but the railroads will still need to find ways to increase capacity at those busy city locations as the U.S. population grows, Class I railroad executives said at an investor conference this week.
