Issues weighing on the supply chain — labor and chassis shortages and congestion — are contributing toward a downward trend for U.S. intermodal volumes. Weekly U.S. intermodal traffic was down 7.3% year-over-year for the week ending last Saturday, with volume at 266,212 containers and trailers, according to the Association of American Railroads.
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or liquidation. As reported in Part 1 of this article, the Illinois Central Railroad (IC) is among the […]
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or liquidation. The Illinois Central Railroad (IC) is among the most notable of the railroads that […]
Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting images in trucking, transportation and weather. This week features the monstrous Dixie fire in California, major flooding from Tropical Storm Fred, a train colliding with a truck in Ohio and more.
Freight markets have entered their second year of extreme dislocation, brought on by record consumer spending and a transportation network that doesn’t have the labor or equipment to fill the need. A lack of openings on ocean sailing schedules, ships waiting longer to berth at the ports and delays unloading the freight once it has […]
Intermodal rejection rates peaked near all-time highs over the past month as volumes fell. Looking over the past few months, volumes, measured by FreightWaves Outbound Loaded Container Volume Index (ORAILL), were actually higher in March and April while rejection rates fell below 2%. With trucking capacity extremely tight, are intermodal providers losing market share? It […]
U.S. rail volumes in March rose double digits percentage-wise, although some of the year-over-year gains may reflect uneven comparisons because of last year’s pandemic-induced volume downturn. U.S. freight railroads originated nearly 2.59 million carload and intermodal units in March, up 14.2% from March 2020, according to the Association of American Railroads. Of that total, U.S. […]
Class I rail executives are hoping anticipated higher North American intermodal volumes will be a moneymaker for their companies in 2021. The COVID-19 pandemic is continuing to spur high e-commerce levels, with consumer spending expected to remain elevated, executives said over the last two weeks in fourth-quarter earnings calls to investors and analysts. Meanwhile, executives […]
A year ago, shipping experts unveiled their projections for 2020. Little did they know how short their forecasts’ shelf lives would be. Pre-COVID outlooks were practically worthless by February. The pandemic reshaped cargo demand across all shipping segments, but for two in particular: container shipping and tanker shipping. In both cases, COVID had a violent […]
The statistical coverage of railway freight volume changes in Canada, Mexico and the United States is excellent. But after the extreme changes week over week due to the COVID-19 business impacts, maybe it is time to consider a different method. Here is why: Weekly reports issued by the Association of American Railroads (AAR) employ a […]
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