Regulators approve CSX’s acquisition of New England short line Pan Am
The Surface Transportation Board gives the green light for CSX to acquire Pan Am Railways.
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!
The Surface Transportation Board gives the green light for CSX to acquire Pan Am Railways.
Illinois-based CF Industries says UP’s plan would hamper CF Industries’ ability to deliver fertilizer during the spring application season.
STG Logistics has made nearly a dozen acquisitions over the last five-plus years. However, its latest deal for XPO’s intermodal unit is its most transformative yet.
If UP and customers can’t reduce the number of active railcars on the network, the railroad may temporarily resort to metering.
The letter sent by the National Grain and Feed Association to regulators about subpar rail service is finding support among other rail industry stakeholders.
FreightWaves Founder and CEO Craig Fuller explains the boom and bust cycle of the trucking industry.
SC Ports handled 264,334 TEUs in March, up 6% year-over-year.
The Class I railroads say they have been trying to improve service, which has deteriorated amid the COVID-19 pandemic. But the Surface Transportation Board questions whether headcount reductions come into play.
Democratic leaders urge the Federal Railroad Administration to act on worker fatigue, while the Port of Montreal’s new container terminal will be served by rail.
With record inventories building and bottlenecks easing is deflation next?
March volumes at the Port of Virginia were the highest yet for 2022.
The Western European and North American railcar markets could benefit from shifting global markets due to the invasion of Ukraine, executives said during Greenbrier’s second fiscal quarter earnings call.
The evidentiary hearing before the Surface Transportation Board, which was originally scheduled for two days, will likely tack on two more days as the board collects lots of data and testimony over how Amtrak’s service could affect freight and port operations.
The union coalition calls on federal agencies and railroads to ensure attendance policies don’t result in overly fatigued locomotive engineers and train conductors.
Carbon offsets are a growing alternative or additional step toward reducing emissions in sectors like transportation.
Large-scale real estate developer Focus Equities will oversee the construction. Its head explained to FreightWaves why Winnipeg is a prime location for customers.
BNSF Railway Co. last week acquired 3,508 acres in the Phoenix region with plans to develop it as its Western hub.
FreightWaves rounds up recent freight rail-related news items.
U.S. Agriculture Secretary Tom Vilsack wants the Surface Transportation Board to move forward with proceedings that would address rail service for grain and agricultural products shippers.
The Transportation Safety Board of Canada has released the results of its investigation into a fatal February 2019 grain train derailment. But Canadian Pacific refutes some of the findings.