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!
Also in the pickup: better tools for sleep apnea instruments in sleeper berths; does Buffet care about BNSF’ OR?
Norfolk Southern adds info on impending HQ move to Atlanta.
A decrease in coal volumes did not slow a revenue rise at BNSF Railway Company, which posted a 16% increase in operating revenues in the third quarter compared to Q3 2017.
The FreightWaves Research Institute will announce the winners of the Freight.Tech 25 next week at the MarketWaves18 conference at the Gaylord Texan Resort & Convention Center in Grapevine, Texas.
Propelled by international growth and a strong North American market, Greenbrier anticipates one of its strongest years ever in FY2019.
In this final part of the three-part series, the author looks at what steps need to be taken to successfully implement precision railroading.
Canada’s largest railroad boosts intermodal and refrigerated service offering with acquisition of major trucking company.
Under the terms of the Saudi joint venture, Greenbrier, the second largest freight railcar manufacturer in the U.S., will provide up to $100 million in new railcars, lift equipment and other terminal investments, and will operate intermodal and other freight terminals.
Precision railroading has worked, but consistent success has been elusive.
It was a better quarter for three companies representing different sectors: 3PL, intermodal and truckload.
The Unified Plan 2020 is in place in one corridor, with another to come. So far, UP executives are boasting about its success.
A strong quarter all around, but as predicted, the quarter-to-quarter comparisons are showing signs of being weaker just because the trucking bull market is getting to be a year old.
Although a full reveal of its strategy was not part of the conference call, the discussion of the “clean sheets” program shows that Norfolk Southern has undertaken a review of its operations on its way to how much of the precision railroading model it will adopt.
Crude-by-rail is big growth driver for quarter as rail remains key outlet for Canadian crude.
Also in the pickup: IMO meets with 2020 on the horizon; Rhine levels are causing plants to shut down; C.R. England and its charitable cause
Venture brings together two of the largest names in U.S. frac sand production to provide integrated delivery solution.
The usual signs of an upturn in the trucking sector aren’t there, according to the Wall Street house, and Morgan wonders if a lot of the demand got pushed forward.
SONAR’s Headhaul Index map and the HAUL.JOT Index are both showing that the return to growth in inbound loaded container flow first seen in the Long Beach/LA port is continuing and gathering momentum.
The industry clearly is moving in the direction of precision railroading being the “way to go.” Now it’s time to figure out the possibilities and the hurdles.
Comments by the railroad previously were somewhat vague. But the CEO wasn’t vague in a video to employees.
