Delays by other railroads in implementing PTC is the basis for BNSF to request a delay in its end-year deadline.
Railroads have raked in profits while service deteriorated, posting record operating ratios as network velocities reached 10 year lows. Pressure from regulators, though, may have finally pushed them to raise capex.
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.
Much of the focus is on its financials rather than any significant shift in operations.
It’s a four-year deal for the Teamsters, ending a walkout that didn’t even last 24 hours.
One union agrees while the other walks, as CP is hit by a strike again. The government signaled it may not step in to end the walkout.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
One union agrees while the other walks, as CP is hit by a strike again.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
Intermodal prices generally take their cues from the truck market, so this is a lagging indicator.
Signs of movement over to rails, OOIDA sounds off on younger drivers, U2 puts its money into trucking.
NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.
Trucking’s environmental progress since the first Earth Day; Volvo Trucks shares battery tech across brands; US oil exports to Europe jump on Brent/WTI spread; BNSF and Union Pacific offer $25k signing bonuses; FedEx links Guangzhou and Memphis; how China is buying Europe.
Talks were with two key unions; ratification vote still necessary
Progress is being made on meeting the concerns of the Surface Transportation Board: execs
The company takes in less revenue, makes more profits and is off a federal watch list.
As capacity has tightened for trucks, the effects have been felt across the industry.
The spot market is normalizing; XPO’s Brad Jacobs talks jazz and M&A; China COSCO’s purchase of OOCL might be held up; railroad Teamsters want NAFTA changes; weak spot rates for container ships pulling down contract negotiations; Xi looks for a way out of the trade war.
The agency that regulates railroads compiles a massive report each week on railroad performance.
