Top Story in Rail
Shippers argue consolidation within the industry make it tough to force the kind of deal-making that leads to lower prices due to four railroads carrying 90 percent of America’s freight traffic.
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These proposed rules, said the STB, implement Section 11 of the Surface Transportation Board Reauthorization Act of 2015, which required the STB to consider how procedures for expediting court litigation might be applied to rate cases. (April 05, 2017)
The Florida East Coast Railway (FEC) and GMéxico Transportes S.A. de C.V.(GMXT), the transportation unit of Mexico City, Mexico-based miner Grupo Mexico, announced that they have entered into an agreement in which GMXT will acquire FEC in an all-cash transaction, which is expected to close subject to satisfaction of closing conditions. (March 28, 2017)
Carloads were up 6.7 percent, or 65,141, to 1,044,040, and intermodal containers and trailers in February at 1,068,439, rose 1.8 percent, or 19,350 units, compared to February 2016. (March 06, 2017)
CSX Corp. may install Hunter Harrison as chief executive officer as early as next week as the railroad and an activist shareholder move closer to ending an impasse over Harrison’s compensation, people familiar with the matter said. (March 03, 2017)
Carloads increased 7.6 percent annually to 263,620, and intermodal containers and trailers saw a 6 percent annual increase to 267,503. (February 24, 2017)
The rule, entitled “United States Rail Service Issues–Data Collection,” was issued late last year and requires 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. (January 30, 2017)
Executive retires from position at Canadian Pacific, partners up with hedge fund investor to try and line up a senior management spot with CSX. (January 19, 2017)
While shipments were down, the report noted that it does not create a major cause for concern, with some degree of normal seasonality at work, coupled with Donald Broughton, the report’s author and transportation analyst at Avondale Partners, noting that on an industry and anecdotal basis market sentiment indicates there are daily reports of stronger shipment volume in almost all modes of freight transportation. (December 19, 2016)
(December 16, 2016)
(December 14, 2016)
For the month of November, the AAR reported that U.S. carloads were up 0.4 percent, or 5,406 carloads, at 1,319,008 for its first monthly annual increase in 22 months, going back to January 2015. This is a longer stretch of declines than a 19-month run of downward volumes that occurred during the Great Recession, the AAR said, adding that one factor behind the November increase was easier annual comparisons, coupled with how carloads did not see as much of an October to November decline as usual this year.
(December 09, 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)
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)
Even though the rate of progress being made by railroads in implementing Positive Train Control (PTC) may be viewed as low, things appear to be heading in the right direction. (November 29, 2016)
With a range of choices on the table, why rely on just one mode of transportation? (November 24, 2016)