Management at CSX are staying the course set by E. Hunter Harrison. Executives told investors Thursday that they would continue the streamlining begun by Harrison, improving profits by making do with fewer railcars, locomotives and trains, eliminating jobs, slashing capital expenses, and selling off portions of the network. The railroad is also targeting an operating […]
Canadian National Railway Co. is apologizing for failing to keep grain shipments moving reliably by rail, and says it’s taking immediate steps to clear the backlog – including mobilizing more train cars and workers.
Air cargo demand and revenues improved in January, but it is too early to tell whether this foreshadows another strong year for air cargo. The latest figures from WorldACD show that worldwide cargo volumes increased by 8.5% year on year in January, compared with growth predictions for the year of around 4.5%.
The final numbers for January trailer orders have come in, showing a strong start to 2018 for the trailer industry as fleets try to meet increased freight demand, according to ACT Research. This lines up with reports from ACT as well as FTR that projected up to 39,000 units, capping a three-month stretch of strong […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 24, 2018. For this week, total U.S. weekly rail traffic was 528,440 carloads and intermodal units, up 2.8 percent compared with the same week last year. Total carloads for the week ending February 24 were 251,970 carloads, down 1.3 […]
The consensus among those in the reefer shipping sector is that a shortage of reefer containers continues to negatively impact the sector. A closer look at the problem, however, reveals some underlying causes as well as ways to mitigate the situation. (This article requires a subscription to the Journal of Commerce. To subscribe, please click […]
BNSF Railway is spending $375 million in Texas and $110 million in Oklahoma as part of its $3.3 billion 2018 capital expenditure program that focuses on maintenance projects. In Texas, the railroad will conduct track surfacing and/or undercutting on about 1,400 miles of track and replace nearly 40 miles of rail and 450,000 ties.
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off. The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. This increase reflects demand […]
Tuesday was a busy day for U.S. economic data, with orders for business equipment unexpectedly declining in January for a second month and consumer confidence vaulting to a 17-year high. Reports also showed solid home-price gains, the widest merchandise-trade deficit since 2008 and a jump in inventories. Here are five charts to help you sort […]
According to data tracked by ACT Research, the preliminary estimate for net trailer orders this January is 39,100 units, which is a record-setting number, the firm said.
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