Rail

While the overall economy is putting an emphasis on smaller shipments, these two stalwart freight transportation markets continue to chug along at a healthy clip. Our panel of leading rail/intermodal experts helps shippers put the markets into perspective.

According to the Association of American Railroads (AAR), intermodal rail traffic in March 2017 jumped 21% over February totaling almost 1.3 million units, representing a 4% increase over 2016 traffic and a new record in U.S. intermodal volumes.

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Company announces agreement with mantle ridge to reconstitute its board, CSX shareholders to vote on proposed reimbursement in respect of foregone compensation of E. Hunter Harrison at upcoming annual meeting of shareholders.

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.

A train derailment and hazardous chemical spill has prompted the partial evacuation of a small southern Minnesota town.

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.

CSX Corp. shares rose in Wednesday’s extended session after the railroad operator posted better-than-expected quarterly results, third-quarter earnings fell to $455 million, or 48 cents a share, from $507 million, or 52 cents a share, a year earlier.

The deal will complement GE’s sensor technology and Predix operating system to improve shippers’ ability to move goods and transfer information, GE Transportation said in a statement.

Two BNSF freight trains collided at 8:25 a.m. Tuesday, resulting in a derailment and fire, there were four crew members total, two on each train.

Hyperloop Transportation Technologies, says it has licensed technology that is safer and cheaper than what conventional high-speed trains use.

Canadian Pacific said today it was giving up on its $28 billion bid to buy Norfolk Southern Corp, after more than five months during which the No. 4 U.S. railroad rebuffed its advances and many customers spoke out against a deal.

Canadian Pacific says it will ask federal regulators for preliminary approval of the structure of its proposed takeover of Norfolk Southern railroad.

Valentine’s Day may sneak up on last-minute shoppers (it’s today, FYI), but retailers and their supply chain managers are well ahead of Cupid’s arrow.

The intermodal rail advantage is helping shippers in both the Broncos and the Panthers territory deliver their goods across the country providing transportation cost savings and substantial environmental benefits.