U.S. housing starts increased in March but single-family home construction pulled back, which could spell continued inventory shortages and rapid price increases for buyers in the coming months. Total housing starts increased 1.9% in March from the previous month to a seasonally adjusted annual rate of 1.319 million, the Commerce Department said Tuesday. (This article […]
Newly released figures on the health of the North American freight marketplace as well as on U.S. truckload linehaul and intermodal rates show all are at or near record highs. Both the shipments and expenditures indexes in the Cass Freight Index extended their run into positive territory during March, and are displaying accelerating strength.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 7, 2018. For this week, total U.S. weekly rail traffic was 524,905 carloads and intermodal units, up 3.8 percent compared with the same week last year. Total carloads for the week ending April 7 were 261,898 carloads, up 4.6 […]
In February, BNSF Railway Co. became the first Class I to join the Blockchain in Transport Alliance (BiTA). A handful of other rail companies, including GE Transportation and Bourque Logistics – and rumblings of more to come – also are among BiTA’s more than 230 members. In addition to rail realmers, BiTA comprises truckload carriers, […]
The busiest U.S. container port will build the 5.5-million square foot Harbor Performance Enhancement Center (HPEC) with Macquarie Principal Finance on Terminal Island, proximal to the marine center’s container terminals. Union Pacific and BNSF operate intermodal trains from the port.
BNSF Railway Co.’s $3.3 billion capital investment plan will put the railroad in a position to meet customers’ growth and service expectations this year, President and Chief Executive Officer Carl Ice told the Surface Transportation Board (STB) last week. Ice is one of two Class I executives to respond so far to the STB’s recent […]
Georgia Ports Authority and other officials on Monday broke ground on the $127 million Mason Mega Rail Terminal. The project will increase the Port of Savannah’s rail lift capacity to 1 million containers per year, and open new markets that will span an arc of cities from Memphis, Tennessee, to St. Louis, and from Chicago […]
The Port of New Orleans has given its blessing, and more, for a plan to redevelop a defunct city shipyard into an intermodal terminal.A new joint venture has acquired the former Avondale shipyard, a 206-acre site that under Northrup Grumman Corp. constructed its last ship for the Navy in 2013 and was once the largest […]
At the Rail Equipment Finance 2018 conference in early March, a session on autonomous trucking with Cowen and Company analysts Matt Elkott, Jeff Osborne and Matthew Frankel, moderated by Railway Age Editor-in-Chief William C. Vantuono, examined the implications for railroads-both real and perceived-of this emerging transportation technology.
Newly released data from the Federal Railroad Administration (FRA) confirms that recent years remain the safest ever for U.S. railroads. Through employee commitment to safety and investments in maintenance and new technologies, the industry has maintained the strong safety record of recent years, with the train accident rate down 28 percent in the last decade […]
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