Rail seems to be benefiting from higher diesel prices and capacity constraints with SONAR data suggesting more loads are shifting to intermodal in shorter lengths of haul.
Norfolk Southern has control over a small connector railroad in the Hampton Roads port area, and CSX says it is using that control to block CSX from launching significant intermodal service there.
The deal marks Transplace’s eighth acquisition in seven years, according to Transplace CEO Frank McGuigan.
It’s been quite a few weeks in the discussions regarding precision railroading vs. not-precision, for lack of a better term. Also: OPEC pumping strong, Bangkok a growing intermodal hub
BNSF will use the CSX system to haul intermodal freight from the LA/Long Beach port, and service on the CSX system will be added from the New York/New Jersey port.
An annual review of the logistics business gets published; dueling intermodal views; and a startup gets a big chunk of funding.
A response to an earlier piece discussing railroad attendance at IANA’s recent expo and the benefits of precision railroading.
The numbers look good but deteriorating service is tarnishing the traditional role of intermodal.
Customers in some cases can move back and forth between the rails and the roads, and how brokers deal with that was the subject of an IANA panel discussion.
Jim Filter of Schneider says he’s seeing benefits from CSX paring back its footprint and focusing on a smaller range of lanes.
A lack of crews and a slowdown in system operations is squeezing intermodal capacity and shutting off an alternative for those looking to move away from trucks.
A Norfolk Southern executive suggested that the company’s management will have a lot to talk about on its next quarterly earnings call.
Advent Intermodal Solutions (www.adventintermodal.com), a leader in information technology and cloud-based software solutions for port and terminal operators and landside logistics, has joined the Blockchain in Transportation Alliance (BiTA).
Hub Group was looking at alternatives for Mode Transportation
This informative infographic highlights the value and benefits of intermodal.
Uber Freight is gobbling up $500M per year; the US and China hit each other with a new round of tariffs; Georgia Ports extends its inland intermodal network; Saudi Arabia’s Aramco IPO indefinitely delayed; cannabis supply chains mature; Houston is now an oil exporter.
Intermodal tightness has pumped the hub of hubs, the Chicago freight market especially on lanes paralleling major railroads; meanwhile a minor heatwave in St. Louis may have been behind a massive surge in reefer turndowns.
Universal is bullish on its intermodal division, and the Southern Counties acquisition will allow it to expand its footprint in that area.
Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.
Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.
All of the metrics were strongly positive, but the CEO expressed disappointment with two of its main activities, automotive and dedicated
The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.
The improved Operating Ratio posted by Norfolk Southern wasn’t enough to stop analysts from asking about its comparison to that of CSX.
Container line alliances are cutting capacity on their transpacific services in anticipation of a major slowdown in the US-China trade relationship due to tariffs. We see downside risk for Union Pacific and BNSF intermodal volumes, as well as JB Hunt.
CSX hit records on operating ratio while improving train speed and dwell time, but says intermodal still needs a “ton” of work and pricing will reflect CSX’s “superior product.”
A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.
Intermodal is clearly benefiting from price comparisons between rails and trucks, but it’s mostly macroeconomics that fueled the Deutsche report.
The economy remains strong, and capacity tight, although buffeted by some headwinds.
Canadian National is making good on its promises to fix some of their deteriorated infrastructure and ramp up in response to being challenged on their ability to handle surging freight volumes. The Fed is expected to raise rates while trucking companies invest in the future.
Data on producer prices shows that overall inflation pressure cooled in the economy last month, as big declines in food prices offset gain in other areas of the economy. Trucking prices remained essentially unchanged for the second consecutive month, but remain elevated relative to this point last year.
TRAC Intermodal has joined the Blockchain in Transport Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry.
NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.
The year 2018 is shaping up as one not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.
Shippers are anticipating continued volume increases, tighter capacity, and further rate increases according to a Morgan Stanley survey.
The first major transportation provider out of the box with first-quarter earnings has posted a better-than-expected result in revenues with J.B. Hunt Transport Services topped revenue estimates for the quarter.
FTR expects overall intermodal traffic to grow 6% YOY despite capacity constrains in rail and some downside risks like NAFTA renegotiation.
As capacity has tightened for trucks, the effects have been felt across the industry.
Data from the Producers Price Index showed that prices for trucking services remain high, and a spillover in demand may be causing a surge in intermodal rates.
Stifel returns to trucking with an array of notes on individual carriers and a comprehensive industry update. Analysts expect 12% increase in truckload rates y/y, spillover into LTL and intermodal, and no relief in sight for the driver shortage.
Once the Mason Mega Rail terminal is complete, the Port of Savannah will have a state-of-the-art facility, unique to the U.S. East Coast.
Profit Tools has developed an Optimization Platform which uses artificial intelligence (AI) and intermodal data points to deliver breakthrough performance and visibility.
The ATA’s truck tonnage index fell 2.6% in February, and evidence from rail traffic data suggests that shippers are shifting modes for some freight
Daimler Trucks North America has appointed Sanjiv Khurana general manager of trucks connectivity to support its connected trucks initiatives.
BNSF Railway Company (BNSF) recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA).
BNSF Railway Company (BNSF) recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA).
Most shippers, carriers, and students of the freight market spend most of their time focused on a particular mode. It makes intuitive sense that you would focus on the mode that you spend the most time in which you are buying services or providing services. Net result, there are plenty of experts in rail, truck, and intermodal/container freight, and with the ongoing prodigious growth of e-commerce, there is a growing number of experts in parcel freight. That said, we continue to be surprised how little attention overall is given to airfreight.
Some early adopters of the Tesla Semi are receiving another advantage – help with designing and building electric charging stations for the trucks.
American Trucking Associations President & CEO Chris Spear took to Medium on Thursday to tout the benefits the trucking industry will see from passage of the new tax law, including noting an ATA survey that says 50% of fleets are planning wage increases or one-time bonuses.
After a difficult adjustment period in July/August, CSX improved its performance on key metrics like train speed and dwell time, ending 2017 as an industry leader.
On Saturday, two days after taking medical leave from CSX, CEO Hunter Harrison died. Investors have serious concerns about the railroad’s commitment to executing Harrison’s vision, while some observers disagreed with his approach entirely.
The Owner-Operator Independent Drivers Association (OOIDA) has issued a letter to state attorneys general in all states asking them to review potential problems surrounding upcoming enforcement of the electronic logging device mandate.
Despite continued complaints about CSX’s delays and no-shows, the railroad’s new CEO has made a controversial commitment to raising fees on everything from hazardous materials and overloaded cars to refrigerated cars.
A new report says the U.S. will lose 50,000 auto parts industry jobs if the country pulls out of the North American Free Trade Agreement (NAFTA), according to Reuters.
Amid sluggish freight rates and oil prices, overcapacity issues, and the Baltic Dry Index pointing to a looming slowdown in global trade growth, finding innovative ways to solve repositioning problems is now a major part of a wider effort to reduce costs in the container-shipping industry.
After five days, the port truckers strike in Los Angeles and Long Beach came to an end on Friday with striking truckers delivering a petition with 10,000 signatures on it to LA Mayor Eric Garcetti and Long Beach Mayor Robert Garcia.
The Los Angeles Times Editorial Board has weighed in on the port truckers’ strike taking place in Los Angeles and Long Beach. Its opinion: clean up emissions at the ports, but don’t put the financial burden to do so on truckers.
