Coal, grain keep US rail freight ahead of 2024 levels
U.S. railroads carried more freight in the most recent week from a year ago, according to the latest industry data.
U.S. railroads carried more freight in the most recent week from a year ago, according to the latest industry data.
The Port of Virginia wants container shippers to know that it’s not beholden to China.
Carriers in port cities brace for ‘air pocket’ The Los Angeles outbound tender rejection rate is only 2% compared to the national tender rejection rate of 5.4%. (Chart: SONAR) Import volume remained strong in April, as FreightWaves described, with imports up 1.2% from March and 9.1% year over year. Going forward, a major drop-off in […]
Hub Group posted an 8% year-over-year decrease in total revenue in the first quarter, to $915.2 million.
Southern California is at the epicenter of freight coming from China. Domestic demand patterns have not changed much since “Liberation Day,” but no one expects this to last.
Carload volumes for North American railroads are still running ahead of year-ago levels.
CN said cost control and disciplined operations helped it to better revenue and profits in the first quarter.
Canadian Pacific Kansas City said earnings rose on higher revenue and increased freight on its network.
Universal Logistics Holdings’ first-quarter revenue decreased 22.3% year over year to $382.4 million.
Union Pacific has brought a rare trackage rights dispute with BNSF to the Surface Transportation Board.
Universal Logistics Holdings reported a 22% decrease in revenue and an 88% drop in earnings per share in the first quarter.
Union Pacific said first-quarter earnings were flat as the railroad’s volume gains were offset by the mix of freight on its network.
Norfolk Southern shook off severe winter weather in the first three months of the year to post improved operating income in the first quarter.
During the COVID years, transportation providers were flooded with freight that needed to move yesterday. The current environment is flooded with freight that needs to move in a few weeks, maybe.
Shortline railroads are precisely the business partners that major railroads need to stanch a decline in the carload business, a consultant says.
Rail traffic in the U.S. rose 11.2% for the week that ended Saturday – the sixth straight increase.
The strength in ocean bookings today will not translate into domestic freight volumes until May at the earliest.
The chief executive of Union Pacific says his railroad will work through trade uncertainties the same way it worked through the tech bubble and the pandemic.
Two trade-dependent intermodal projects by BNSF Railway will move forward despite the Trump administration’s announcement of new tariffs.
Class 1 railroads saw mixed results in Q4 of 2024, but consultant Oliver Wyman sees a steadier year ahead.