Analysts applaud XPO’s resilience as third-quarter results impress
XPO is `very comfortable with where we are’ heading into 2021, Jacobs says.
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!
XPO is `very comfortable with where we are’ heading into 2021, Jacobs says.
Jaguar acquires five short lines, while OmniTRAX readies more business-ready sites.
Rail jobs resume downward slide after increase a month earlier
With intermodal volumes growing in the third quarter and October, how will the railroads handle intermodal traffic in the fourth quarter?
Research on dangerous goods transportation is still ongoing, the agency said. The announcement follows an audit published last month that suggested that Transport Canada failed to fully implement several safety recommendations.
Exports drive Canada grain volumes higher.
A panel of economic experts weighs in on the future of the Surface Transportation Board and the rail industry itself.
Overall, there will be lower rail volume levels continuing into the first quarter of 2021.
The bond credit ratings firm updates its outlook for the freight rail industry from negative to stable amid rising rail volumes.
The U.S. Department of Transportation hopes the changes will help more short line and regional railroads modernize and upgrade their infrastructure.
A politician’s perceived influence over transportation policy may factor into who gets financial support.
Envase Technologies platform will expand its presence in Canada with the acquisition of TMS provider Tailwind Transportation Software.
The international market for freight rail services and equipment is pulling ahead of the North American market, but that should catch up eventually, Wabtec said during its third-quarter earnings call.
U.S. rail volumes on a weekly basis were 2% higher last week amid a 9% increase in intermodal traffic.
Zeta, which weakened to a tropical storm after making landfall Wednesday, could cause some service issues.
Privately owned short line operator Patriot Rail is planning to acquire the 26-mile short line as it eyes business opportunities in Utah.
The railroad will be idling rail yards around Atlanta and will cease humping operations at its Macon, Georgia, yard.
The U.S. Department of Transportation is awarding $291 million to 11 intercity rail projects. Some of the projects will benefit freight rail.
Rail stakeholders debate the legacy of precision scheduled railroading and the common carrier obligation.
The Eastern U.S. railroad reported an adjusted net income of $643 million in the third quarter of 2020, compared with $657 million a year ago.
Separate protests in Mexico have been disrupting railways and highways in the Mexican states of Chihuahua and Michoacán since mid-August.
Lower volumes blamed for the job reductions in Kansas.
David Fisher’s 30 years of industry experience is expected to advance the university’s graduate program for transportation, logistics and supply chain executives.
Rail freight needs to become more truck-like as to timely inventory reporting.
The railcar manufacturer sees mid-2021 as a possible time frame for a post-coronavirus economic recovery for the rail industry.
The railcar lessor has developed a new strategy that will focus on providing rail-related services and products as part of a broader effort to boost its profitability.
UP expects longer and heavier trains in its future as it seeks to take more intermodal market share away from trucks.
The company is also eyeing opportunities to develop its real estate offerings and will bring on more assets to handle additional volumes, executives said during CSX’s third-quarter earnings call.
Intermodal traffic props up rail volumes and gains for retail sales; CSX, Union Pacific announce new appointments.
Lower fuel prices drove Union Pacific’s operating ratio lower. Meanwhile, third-quarter net profit fell 12% year-over-year.
Just like its other Class I counterparts, CSX grappled with lower volumes year-over-year in the third quarter as the broader economy recovers from the COVID-19 pandemic.
The rail equipment and technology provider is one of many companies that have laid off or furloughed employees because of the lower-volume environment exacerbated by the coronavirus pandemic.
Higher rail volumes continue to be a trend in the fourth quarter, but the pace of volume growth could depend on how the COVID-19 pandemic plays out this winter.
Revenue growth in the railcar lessor’s international segment and in its portfolio management program affiliated with Rolls-Royce helped offset losses for its North American segment.
The COVID-19 pandemic continued to put pressure on CN’s volumes in the third quarter.
The railroad has 1,000 acres it can develop with partnering customers.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
Canadian Pacific’s net income fell 3% in the third quarter.
An investigation is underway into a fatality that occurred last week at CSX’s Acca Yard in Richmond, Virginia.
Executives are confident about an economic recovery but uncertainty persists over how much volumes will grow in the fourth quarter and into 2021.
Canadian Pacific Railway will pay $312 million for full ownership of a 1.6-mile tunnel linking U.S.-Canada via Detroit and Windsor
Genuflecting toward Wall Street has symbolically become part of the North American Class 1 rail company culture.
Lower operating expenses drove the increase in third-quarter net income.
“Port partners are taking proactive steps to add more resources and service hours to support this untraditional peak cargo volume season.”
U.S. intermodal traffic on a weekly basis rose 8.4% year-over-year. Carload volume still lags although the year-over-year gap is narrowing.
Intermodal containers arrived this week at North Dakota’s first and only intermodal facility in Minot.
The USMCA Corridor would connect rail from the Pacific Ocean in Mexico through the United States all the way to Canada.
The groups say more federal oversight is needed for the transport of liquefied natural gas by rail.
Rail reform law faces backlash from pro-regulation forces; tragic mistake to reverse course, former DOT secretary says.
A rail shippers coalition continues efforts to ask the Surface Transportation Board to consider collecting first-mile and last-mile data.
GoRail sent a letter on the 40th anniversary of the Staggers Act telling the Surface Transportation Board not to make wholesale changes to rail regulation. The letter had over 1,000 signatures from local, state and federal officials and executives.
GameAbove Capital takes equity stake in Pro-Tech Group’s patented technology for better utilization of empty railcars.
Oklahoma looks to have a reasoned approach toward railway change.
The Canadian government will invest C$33.4 million in the inland Quebec port.
Train vs. truck in collisions. Train always wins.
The federal agency says the rule would reduce unnecessary costs and incentivize innovation while also improving rail safety.
Two Class I railroads select members for their respective boards of directors.
Container chassis management model in the U.S. challenges advancement of full-circle tracking technologies.
Brad Hildebrand discussed Cargill’s reliance on dependable rail service during FreightWaves Last Mile Logistics Summit.
U.S. intermodal volumes grew in September amid a continued increase in U.S. imports.
The Eastern U.S. railroad said it expects preliminary operating revenue of $2.5 billion and operating expenses of $1.67 billion in the third quarter of 2020.
Grain members of Surface Transportation Board advisory committee say the railroads have been supplying sufficient amounts of power and crews to meet service needs.
Although the hurricane isn’t expected to make landfall until later this week, the Class I railroads are preparing now for potential service disruptions.
Railway blockades reportedly are costing the Mexican economy more than $18 million a day.
Drayage truckers on the Envase platform have access to an online marketplace that connects them to available parking and storage lots nationwide.
National freight “outlook” is significant for states, municipalities and companies that may want federal money for rail or other transport projects.
CN and Canadian Pacific say they’ll use communication and technology to grapple with winter’s operational challenges.
The independent federal rail agency is looking at the market factors determining exemption from board oversight. The board also separately declared five Class I railroads as being revenue adequate in 2019.
The inability of ocean carriers to timely inform shippers of schedule changes results in costly logistics disruptions and potential for lost international sales.
Warehouse/storage jobs up a whopping 32,200.
The rail sites are for manufacturers wanting to expand their footprint domestically or tap into the export network.
U.S. intermodal traffic continues its upward trend but carloads are still lower year-over-year.
Alaska and South Dakota received $6.9 million in grants from the Federal Railroad Administration for rail-related projects.
It is too early to call the intermodal recovery a long-term win for the railroads.
Individuals who allegedly crossed border illegally were reportedly found climbing moving train and locked in grain hopper.
U.S. rail volumes were down by only 1.3% compared with the same period in 2019. Intermodal traffic provided the boost.
The railroad will convert to flat switching at the Pennsylvania yard.
The grants help localities, short lines and passenger railroads improve the safety and efficiency of their rail networks.
The new standard developed by the Railway Supply Institute builds upon existing federal and trade standards.
The U.S. railroads with operations that cross the U.S.-Mexico border are bolstering their networks to manage an anticipated increase in volumes.
Bias-ply tires persist within the nation’s container chassis fleet, but equipment providers vow that their days are numbered with the ongoing switch to radial tires.
Cass data for the month of August shows significant acceleration in demand and rates but the comparisons to 2019 still lag other data sources.
But despite the increase between July and August, employment totals of the U.S. Class I rail operations are still down year-over-year.
2020 could end up for the railroads as the worst overall freight volume loss year-over-year in the past 15 years.
The provision of sizable infrastructure is an example of the government’s positive role in the market for transportation.
FreightWaves chatted with Norfolk Southern’s Chief Sustainability Officer Josh Raglin to learn how the company’s sustainability efforts complement operations.
Newly released case study says gateway’s work could become model for other Canadian ports
U.S. rail volumes, including intermodal traffic, fell in a week that was shortened by Labor Day.
Online sales depend heavily on a robust industrial real estate infrastructure.
FreightWaves CEO and Director of Freight
The U.S. Department of Transportation awarded $1 billion in BUILD grants. A handful of those grants went to projects improving freight rail traffic flows.
The deal comes amid wider efforts from both companies to expand their reach and increase supply chain efficiency.
A bountiful harvest, anticipated surge in export volumes as well as wild card factors could test U.S. rail network capacity post-PSR.
Changes with significant impact on rail customers are taking place across New England.
Kathryn M. Farmer will assume the role of president and CEO in January, taking the reins from current President and CEO Carl R. Ice. Ice is retiring but will remain on BNSF’s board of directors.
The hurricane is expected to make landfall in the New Orleans area sometime Tuesday.
The wildfires in Washington state aren’t a major threat to BNSF’s Washington operations, but the railroad deployed trains to help area first responders. Union Pacific grappled with wildfires near a Northern California subdivision last week.
Iowa transportation company Travero plans to open a multimodal cross-dock operation by next September.
“Depressed railcar demand” and the need to cut costs factored into the manufacturer’s decision.
A Colorado county has paved the way for the construction of a 620-acre rail-served industrial park in the greater Denver area.