CSX

Proposal providing relief for shippers could be rolled out next year.

Site is close to Interstate 69 and Ohio River.

North American Class I carloads increased year-over-year in week 47 on a favorable comp. The prior four-week average remains weak.

The eastern U.S. railroad declined to share its expectations for 2020 but said it would be prepared should rail volumes rebound.

Excerpt: The companies promote and assign new roles to longstanding employees.

Trucks are competitively priced on East Coast lanes and offer better service than the railroads.

Norfolk Southern announced that Claude Mongeau has been elected as a director. The former Canadian National Railway head may be viewed as an effort to improve PSR initiatives or to explore potential opportunities to partner with other Class I railroads.

CSX needs to be more proactive if wants to compete with trucks, CSX’s chief said.

The outlook from JBHT was notably better than the concern around the lack of an uptick in seasonal demand that many carriers expressed at multiple investor conferences in May and June.

CSX and Canadian National’s partnership to create new intermodal service between Montreal and Toronto and the greater New York City area is a strategy to expand each other’s geographical reach and compete with the long-haul trucking market.

Ports receive 15% of grant program typically used for surface projects.

Maryland Governor Larry Hogan (R) said Maryland has received a $125 million federal grant that the state hopes will lead to an expanded rail tunnel in Baltimore to allow for taller trains to travel to the Port of Baltimore.

The South Carolina Port Authority (SCPA) said ocean container moves were up 9 percent in its fiscal year, setting a volume record for the port.  The Port of Charleston’s two main container terminals, Wando Welch and North Charleston, saw 2.4 million twenty-foot equivalent units (TEU) in container moves last year.  The region’s freight moves represent […]

“The present economic backdrop is one of the most puzzling I have experienced in my career..”

Despite a drop in profit in the second quarter, CSX’s (NYSE: CSX) operating ratio set a company record.

Rail volumes were off again for the week ending June 29, 2019 with U.S. railroads reporting a 5.5 percent decline.

Year-to-date U.S. rail volumes fell again amid a loosening truck market, receding floodwaters in the Midwest and overall economic uncertainty.

Intermodal giant sees rail and truck as better than option than truckload into

The Port Authority of New York and New Jersey said this week that it is ready to be the second largest port in the U.S., thanks to the completion of the ExpressRail Port Jersey facility at the GCT Bayonne marine terminal. The Port Authority said in a none-too-subtle way that it “bolstered its already lofty […]

The transition to e-commerce and anticipated advances in automated trucking are forcing the freight railroads to adapt to supply chains that require railroads to be more responsive and nimble. One way that the railroads are seeking to address this challenge is by hiring executives outside of the railroading community, in the hopes that placing a non-rail executive in a leadership role will help the railroad weather systemic changes within the supply chain.