July rail freight better but indicators cloud outlook
Despite economic headwinds, U.S. rail freight shows resilience with increased intermodal and carload volumes in July.
Despite economic headwinds, U.S. rail freight shows resilience with increased intermodal and carload volumes in July.
Two of the three primary freight demand indicators have fallen into significant slides with only intermodal holding up, but for how long?
A new Union Pacific service is raising the stakes for intermodal traffic moving from southern California ports to Chicago.
Shipments of freight by rail continue to run ahead of year-ago levels, according to the latest data from the Association of American Railroads.
While Union Pacific and Norfolk Southern have agreed to consolidate, intermodal heavyweights will have to reassess their links to the major railroads.
An association representing several thousand rail shippers is warning a merger of Union Pacific and Norfolk Southern will push freight rates higher and lead to unreliable service.
BNSF saw earnings improve in the second quarter and first half of this year as lower costs outweighed weaker revenue per car.
The Port of Los Angeles is poised to reap the benefits of Union Pacific’s acquisition of Norfolk Southern, its top executive says.
The activist investor that helped spur the historic Union Pacific-Norfolk Southern deal is building a position in CSX.
Canadian National, one of two transcontinental railroads in Canada, expressed support for the proposed coast-to-coast merger of Union Pacific and Norfolk Southern.
Intermodal, coal, and grain helped Canadian Pacific Kansas City to improved profits in the second quarter.
The proposed acquisition creates the first transcontinental freight railroad.
Shippers wary of higher rates, service issues with one entity controlling 52,000 miles of track.
Union Pacific and Norfolk Southern announced a merger that will create the first transcontinental railroad with an enterprise value of more than $250 billion.
Just in case ordering has diminished the truckload market’s utility, specifically for cross continental freight, but that mechanism may come undone later in the year.
New domestic lanes expand intermodal service from the West Coast through the Midwest to Texas.
Universal Logistics Holdings reported a decline in second quarter earnings and revenue due to lower volumes and demand.
Universal Logistics Holdings reported a 15% decrease in revenue to $393.8 million in the second quarter.
Union Pacific saw record results in the fourth quarter as coal shipments led gains across business segments.
Carload freight and intermodal volumes ran ahead of year ago levels, according to the latest weekly rail data.