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CSX Gives $91M Commitment to Baltimore’s Howard Street Tunnel Project

Baltimore’s Howard Street Tunnel expansion is back on track after CSX Transportation reversed its decision to pull out of the project, CSX has committed $91 million toward the project.

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Rail carloads, at 1,238,487, were up 1.7%, or 21,054 carloads, annually, and intermodal containers and trailers, at 1,316,168, rose 0.5%, or 6,008 units.

Total fourth quarter intermodal volume movements, at 4,799,714, posted a 4.2% annual gain, which was in line with the third quarter’s 4.7% annual increase but down compared to 7.2% and 6.2% annual gains in the first and second quarters, respectively. For all of 2019, total intermodal volume increased 5.6% annually to 18,931,323. ISO again led the way, rising 5.4% to 9,558,448 for a new all-time record, and domestic containers, at 7,928,304, were up 4.9%. Despite the dip in the fourth quarter, trailers increased 10.6% to 1,444,571.

Rail carloads, at 248,397, fell 4.7% annually, and intermodal containers and trailers, at 273,089, were off 3.3% annually.

Rail carloads, at 258,833, headed up 7.4%, and intermodal containers and trailers, at 284,278, increased 6.5%.

Total volume, at 18,931,323, posted a 5.6% annual increase. Domestic containers, at 7,928,304 were up 4.9% and trailers, at 1,444,571, headed up 10.6%.

Rail carloads, at 266,240, headed up 10.3%, and intermodal containers and trailers, at 288,887, increased 5.3%.

Rail carloads, at 221,759, saw a 6.2% annual increase, and intermodal container and trailers, at 214,344 units, increased 3.4%.

Pricing for both truckload and intermodal freight movements saw another strong month in December to finish 2018, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.

2018 U.S. rail carloads increased 1.8%, or by 238,857 carloads, annually to 13,640,641, compared to 2017’s 13,401,784. Intermodal containers and trailers increased 5.5%, or 751,217 units annually to 14,472,849.

Rail carloads, at 267,534, saw a 1.4% annual gain, and intermodal units headed up 6.2% compared to the same week a year ago to 301,407.

In this webinar our panel will provide a comprehensive update on the current state of the rail/intermodal markets and offer an in-depth look at the pain points shippers have been experiencing, including the recent service challenges, capacity issues and rising rates.

Baltimore’s Howard Street Tunnel expansion is back on track after CSX Transportation reversed its decision to pull out of the project, CSX has committed $91 million toward the project.

Pricing for both truckload and intermodal freight movements saw another strong month in November, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.

Trucking is by far the predominant mode of shipping in the U.S., but it has its constraints, from driver shortages to escalating costs and roadway congestion, and while freight matching technology is improving, it also has helped the intermodal industry move into its next evolution as well.

According to new JLL research, a looming capacity shortage in the trucking industry, coupled with rail’s high efficiency, is causing logistics suppliers and transportation providers to turn their focus to intermodal for their supply chain solutions.