BNSF to spend nearly $4B on capital improvements, maintenance
BNSF has set a $3.96 billion capital expenditures budget for 2023.
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!
BNSF has set a $3.96 billion capital expenditures budget for 2023.
Union Pacific’s proposed testing of one-person crews is on hold because the program can’t proceed without negotiations between the railroad and affected union members.
South Carolina Ports moved nearly 2.8 million TEUs in 2022, the most in the state’s history.
Annual volumes at the Nova Scotia port exceeded 600,000 twenty-foot equivalent units for the first time in its history.
2023 was a banner year for the Port of Virginia, with annual volumes higher year over year as more traffic went to East Coast ports.
Massachusetts-based RailState, founded by two rail industry veterans, seeks to provide customers with insights on where trains are located and a line segment’s performance over time.
FTR Transportation Intelligence expects a competitive truck market and port activity shift to put pressure on rail intermodal in 2023.
The railroads must work with other supply chain stakeholders and even consider sharing infrastructure in order to maintain an integral role within the broader freight transportation network, experts said at the Transportation Research Board’s annual meeting.
The U.S. Small Business Administration wants the Federal Railroad Administration to revise its analysis for the proposed train crew size rule, contending it “significantly understated” costs and the number of potentially affected businesses.
A first-ever strategy aimed specifically at decarbonizing transportation encourages maritime and rail over highway freight.
The East and Gulf coasts combined have overtaken the West Coast in port market share, but there are limitations the East needs to deal with, said panelists at a meeting of the Transportation Research Board.
Patriot Rail seals a deal; BNSF signs an MOU; Trinity strengthens its position; Port of Pasco secures project funding; Indiana Rail Road sets titles; and Hedlund succeeds Schulz as STB vice chair.
Reducing costs and shifting supply chain conditions were among the reasons why rail car manufacturer Greenbrier is ceasing production at its longtime Portland, Oregon, facility.
Four Class I railroads have asked the Surface Transportation Board and U.S. appeals courts to review an order that seeks to resolve small rate disputes through voluntary arbitration.
The number of truck transportation jobs rose in December, but following revisions of the earlier months, the fourth-quarter gain was minimal.
U.S. freight railroads moved fewer volumes in 2022 than 2021 amid declines in intermodal traffic, according to recent industry data.
The Surface Transportation Board wants Union Pacific to address service hiccups at California’s Foster Farms. Also, CN reports rail traffic controllers have ratified a new collective agreement.
An active Surface Transportation Board and ongoing issues to fully restore rail network capacity are among the issues that industry stakeholders are eyeing in the new year.
Rail service, an active Surface Transportation Board and continued M&A activity were among 2022’s news highlights.
Nineteen states plus the District of Columbia are supporting Ohio’s request for the Supreme Court to take up the issue of whether states have the regulatory authority to regulate railroad traffic, particularly when it comes to blocked crossings.