Third quarter earnings
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Rail
FreightCar America expects pent-up demand pressure to bolster orders
Although customers may have pulled back from ordering in the third quarter, that pullback is temporary and customers will still need new railcars eventually, FreightCar…
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Rail
Two talking points dominate Class I railroads’ discussions on Q3
Growing headcount and relieving supply chain congestion dominated Class I railroads’ third-quarter 2021 earnings commentaries — and these issues look poised to persist in Q4…
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Rail
BNSF’s Q3 net income grows 14% on higher revenue
BNSF’s third-quarter net income rose 14%, to $1.5 billion, despite supply chain disruptions.
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Rail
Wabtec sees underlying demand amid dampening market pressures
Underneath the supply chain disruptions and the chip shortage are customers that need Wabtec’s components to improve their rail operations, executives said during the third-quarter…
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Container
Hub Group CEO: No end in sight for strong demand, tight capacity
Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.
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Rail
Trinity Industries, GATX anticipate market growth to be ‘nonlinear’
Although macroeconomic factors and lower train speeds support railcar leasing, the growth trend might be choppy as the COVID-19 pandemic and supply chain disruptions still…
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Rail
Labor shortages in dray, warehousing hit Norfolk Southern’s Q3 intermodal traffic
Like its Class I peers, Norfolk Southern encountered supply chain disruptions brought on by a lack of workers in dray and warehousing.
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Rail
Supply chain disruptions curtail Union Pacific’s intermodal volumes
Union Pacific could’ve handled more intermodal volume in the third quarter were it not for longer chassis dwell times and a shortage of dray drivers,…
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Rail
CSX seeks to expand capacity by growing headcount
CSX has been aggressively pursuing new employees in order to meet network capacity needs, executives said during the company’s third-quarter earnings call.
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Rail
Canadian Pacific courts customers weary of Southern California port congestion
The railway is working with customers and steamship lines to find opportunities to divert traffic from Los Angeles and Long Beach, executives said during CP’s…
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