Top Story in Intermodal
CSX Corporation yesterday announced that its Board of Directors has called a special meeting of shareholders to seek shareholder guidance on certain extraordinary requests of Mantle Ridge and Hunter Harrison.
Carloads headed up 3.9 percent to 253,670, and intermodal containers and trailers rose 1.5 percent annually to 264,761. (February 17, 2017)
For December, the most recent month for which data is available, the ICI was 6.98, which was ahead of November’s 5.0 and October’s 5.26, with FTR noting that intermodal finished 2016 with decent momentum. And it added that the ICI is expected to see gains in the coming months as a result of what it called a robust rate environment, while cautioning there are also some tailwinds in the form of potential trade policy changes issued by the White House. (February 16, 2017)
Carloads were up 11.7 percent at 269,994, and intermodal container and trailers rose 3.3 percent annually to 271,480. (February 10, 2017)
U.S. carload traffic was up 2.9 percent, or 28,341 carloads, annually, and on the intermodal side, U.S. container and trailer movements in January were down 1.8 percent, or 18,553 units. (February 06, 2017)
The board of directors of the Intermodal Association of North America (IANA) has elected Adriene Bailey, Chief Strategy Officer, Yusen Logistics (Americas) Inc., as its chairman for 2017. (January 17, 2017)
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year. (January 10, 2017)
Carloads dropped 2.8 percent annually to 254,700, which was below the week ending December 10 at 259,058, and the week ending December 3 at 274,329. (December 22, 2016)
For October, the most recent month for which data is available, the ICI headed up to 5.26 from 4.95 in September. FTR said this increase points to what it called continued moderately favorable conditions affecting the intermodal segment, adding that while the pace of intermodal growth is down annually, signs of mild improvement are intact. (December 16, 2016)
(December 16, 2016)
(December 14, 2016)
Even though volumes have flattened, an encouraging service outlook, coupled with the regulatory crunch creeping up on the trucking market, is setting the intermodal rail sector up to regain its footing. (December 07, 2016)
Offering greater capacity, increased lane options and improved reliability, shippers should consider Intermodal Rail as part of a robust transportation portfolio. (December 06, 2016)
A final rule was issued last week by the Surface Transportation Board, which will require all Class I railroads, as well as the Chicago Transportation Coordination Office, through its Class I members, to report certain service performance metrics to the STB on a weekly, semiannual, and occasional basis.
(December 06, 2016)
Total third quarter invoice revenue for all TIA member study participants—at around $2.19 billion—was down 11 percent annually, and total shipments—at 1,272,945—decreased 4.3 percent. The average invoice per shipment of $1,722 fell 7.4 percent, with profit margin percentage up 90 basis points to 15.8 percent. (December 05, 2016)
IANA President and CEO Joni Casey said that decreases in ISO volumes have hit all North American markets, while most of those same regions continue to see domestic volume growth.
(November 28, 2016)