Railroad intermodal volumes are down, but consumer spending remains relatively strong. Carloads of coal are up, but forest products are down. Whether these volume changes reflect broader macroeconomic slowing remains less clear.
The CEOs of Union Pacific, CSX and Norfolk Southern anticipate rail volumes to grow amid service improvements and despite macroeconomic uncertainties, according to their comments at an investor conference this week.
Rail service levels are impacting trucking intermodal growth plans. At a Deutsche Bank transportation conference on Tuesday, J.B. Hunt noted that intermodal demand remained strong but poor rail service appears to be creating a bottleneck.
Transborder freight between the U.S. and North American countries (Canada and Mexico) in January 2022
FreightWaves market expert Mike Baudendistel chats with Harris Ligon, co-founder and CEO of a stealth startup, about how recent growth trends for industrial production in North America will affect rail volumes and equipment availability.
From executive transitions at Union Pacific and Pacific West to January rail volumes to new offerings in the MoW lessor space, here are some news items rounding out the week.
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