The U.S. freight rail industry is hopeful that a temporary federal incentive that encourages short line railroads to make capital investments will become permanent. Within the $1.4 trillion fiscal year 2021 appropriations bill that Congress passed, there is a provision that would make permanent the short line tax credit. The credit, also known as the 45G tax […]
The freight rail industry needs to reconsider where it places buffer cars and tank cars on trains carrying hazardous materials in order to better protect train crew members and reduce the severity of a potential accident, according to recommendations from the National Transportation Safety Board concerning two accidents in April 2019 and February 2020. NTSB’s safety recommendations […]
As outlined in Part 1 of this article, TTX Company was founded on November 9, 1955 as Trailer Train Company. Trailer Train’s founders/owners were the Pennsylvania Railroad (PRR), Norfolk & Western Railroad (which was partially owned by the PRR) and Rail-Trailer Corporation. The new company’s name was the result of an employee contest held by the Pennsylvania […]
U.S. carload volume on a weekly basis is almost at the same level as a year ago, with last week’s volumes down by only 1.4%, according to data from the Association of American Railroads. U.S. carload traffic totaled 244,986 carloads for the week ending Saturday, which is 1.4% lower than the same period in 2019 and […]
For the week ending Dec. 5, 2020, total U.S. weekly rail traffic was 542,203 carloads and intermodal units—up 4.8% from the same period last year—based on a double-digit intermodal gain, according to an Association of American Railroads (AAR) Dec. 9 report. Total carloads were 244,986, down 1.4% compared with the same period in 2019, while […]
The Intermodal Freight Transportation Market is expected to register a CAGR of 8.27% over the forecast period from 2020 to 2025. As companies evaluate new ways to reduce freight costs and their carbon footprint, alternative transportation mode options should be considered when moving long freight distances.
U.S. railroads logged a 2% increase in combined carload and intermodal traffic during October compared with the same month a year ago, according to Association of American Railroads (AAR) data. Although carload volume declined 6.6% to 912,722 units during the month compared with October 2019, intermodal volume climbed 10% to 1,169,874 containers and trailers. Traffic […]
Total intermodal volumes rose 1.2% year-over-year in the third quarter of 2020, according to the Intermodal Association of North America’s Intermodal Quarterly report issued on Nov. 3. Domestic containers and trailers both gained 9.8% compared to Q3 2019, while international shipments dropped 6.5%. “Inventory replenishment and increasing e-commerce activity, along with some capacity constraints on […]
United States rail carload and intermodal volumes were mixed, for the week ending October 10, according to data issued this week by the Association of American Railroads (AAR). Rail carloads—at 230,964—saw a 5.2% annual decline. This trailed the week ending October 3, at 232,273, and topped the week ending September 26, at 224,146. AAR said […]
The AAR reported on Oct. 14, 2020—40 years to the day that President Jimmy Carter signed Staggers into Law— that for the week ending Oct. 10, 2020, total U.S. rail traffic was 520,452 carloads and intermodal units, up 1.9% compared with the same week last year. Total carloads were 230,964, down 5.2% compared with the same […]
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