Companies file a flurry of lawsuits against the big four U.S. Class I railroads, alleging their fuel surcharge programs violated antitrust laws.
Heading into earnings season, the railroads clearly have a revenue headwind as carloads declined again in the latest week.
Declining coal consumption in the U.S. may have led to the dispute.
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.
Executives at North America’s major railroads are making the case that intermodal service will be more reliable and consistent after a year of major service changes. This comes as weakness in the industrial economy makes consumer-driven freight more important than ever to the railroads. Collectively known as precision scheduled railroading, the efficiency drives have made […]
The Port of Savannah’s expansion plans will benefit shippers — so long as infrastructure needs outside the port are met.
The two railroads said customers should expect delays and possible rerouting.
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.
Slumping coal demand, trade wars and a competitive truck market are weighing on rail volumes for the remainder of the year.
The railroads say customers should expect delays and rerouting because of the hurricane
Hurricane Dorian’s approach upward along the U.S. Southeast coast will shutter maritime and rail assets throughout the region during the week. Dorian was located just 100 miles off the Florida coast as of Monday evening, according to the National Hurricane Center, and was stationary just off Freeport, Bahamas. It was downgraded to a Category 4 […]
The new appointments could indicate how the companies are preparing to respond to future market trends.
Market Voice Jim Blaze writes about rail intermodal and what is happening to this area of the railroad sector.
Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.
Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”
Grain shippers say Congress should take a “fresh look” at railroad policy.
Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.
Norfolk Southern’s (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit increased 2 percent to $722 million in the second quarter compared with the same period in 2018. Diluted earnings per share were $2.70 in the […]
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 […]
Norfolk Southern and Union Pacific are modifying some of the ways they collect demurrage and accessorial charges for some commodities, but some shippers are questioning the modifications.
