OceaNS Bridge Express, a partnership among NS, Union Pacific, Hapag-Lloyd and the Port of Virginia, could be a means to avoid West Coast port congestion while taking advantage of East Coast port capacity improvements.
The COVID-19 pandemic highlighted the need for federal, state and local governments to develop inland ports to improve network flows, say stakeholders.
Record earnings per share of $2.48 beat analysts’ estimates.
The investments rely on expectations that customers will want easy or green access to railroads’ intermodal offerings.
UP’s capital expenditures plan for 2022 includes investments to intermodal terminals and intermodal ramps, executives said during the company’s fourth-quarter 2021 earnings call Thursday.
Despite being stymied by labor shortages and lack of equipment such as chassis in the second half of 2021, U.S. intermodal volumes were actually pretty high considering the yearly total.
Infrastructure and capacity expansion projects, regulatory uncertainties and progress toward supply chain visibility and sustainability are the themes that rail and intermodal stakeholders have set their sights on in 2022.
From M&A to supply chain disruptions, the freight rail industry navigated an often unpredictable 2021.
The pilot program in Chicago and Kansas City aims to encourage trucks to come — and go — with a shipping container.
The state-of-the-art terminal has rail-to-truck transfer capacity domestic and international containers and deploys automated container handling.
