Transportation/warehousing jobs up slightly in BLS model revision
Transportation and Warehousing jobs see a slight rise in the latest BLS revision.
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!
Transportation and Warehousing jobs see a slight rise in the latest BLS revision.
The Cancún Multimodal Terminal will anchor freight operations on the Mayan Train and link to Mexico’s interoceanic trade corridor.
The Port of Long Beach has released a draft environmental report for its transformative Pier B on-dock rail expansion project.
Freight moving by rail in the U.S. turned in modest improvement in the latest weekly data.
The Surface Transportation Board has approved the acquisition of 420-mile regional Great Lakes Central Railroad by Watco.
President Trump on Tuesday fired Surface Transportation Board member Robert E. Primus, the board’s lone member to oppose the CP-KCS merger in 2023.
Weaker intermodal traffic offset narrow gains in carload freight in the latest Association of American Railroads data.
Canadian Pacific Kansas City CEO Keith Creel again said his company would pursue alliances rather than near-term consolidation.
Investor Warren Buffett said BNSF parent Berkshire Hathaway won’t bid for Norfolk Southern or CSX.
BNSF Railway and CSX said they will partner on seamless coast-to-coast rail service, just weeks after Union Pacific and Norfolk Southern proposed their own transcontinental merger.
U.S. Commerce Secretary Howard Lutnick backed Union Pacific’s proposed $72 billion takeover of Norfolk Southern, saying it will create more efficient transcontinental rail freight transportation.
Weekly rail freight finished short of 2024 levels in the latest week, according to the Association of American Railroads.
R.J. Corman Railroad Group has named Justin Broyles as president and chief executive.
Ancora wants CSX to focus on maximizing shareholder value at a critical moment.
Truck and rail dwell and capacity remained stable at the ports of LA-Long Beach despite a record surge in container volumes.
Rail freight in the U.S. remained ahead of year-ago volumes for the sixth consecutive week, according to Association of American Railroads data.
Temperature-controlled warehouse operator Americold announced it has opened a $100-million-plus import-export hub in Kansas City, Missouri.
Despite economic headwinds, U.S. rail freight shows resilience with increased intermodal and carload volumes in July.
A new Union Pacific service is raising the stakes for intermodal traffic moving from southern California ports to Chicago.
Shipments of freight by rail continue to run ahead of year-ago levels, according to the latest data from the Association of American Railroads.