Top Stories
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Railroad shipping: AAR reports rail volumes down 13.7 percent year-over-yearJeff Berman, Group News Editor, November 5, 2009
The Association of American Railroads (AAR) reported today that total volume for the week ending October 31 was down 13.7 percent compared to the corresponding week last year and 18.2 percent from the same week in 2007.
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Intermodal shipping: NS, Pennsylvania invest $11 million into Philadelphia Navy Yard intermodal facilityJeff Berman, Group News Editor, November 4, 2009Class I railroad carrier Norfolk Southern and the Commonwealth of Pennsylvania announced earlier this week they are investing $11 million into the NS Philadelphia Navy Yard intermodal facility, which is part of the NS Crescent Corridor initiative. More
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Railroad shipping: Buffett, Berkshire Hathaway set to buy BNSFJeff Berman, Group News Editor, November 3, 2009$44 billion deal represents Warren Buffett's "all-in" wager on the economic future of the United States. More
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Q4Q in reviewBy Logistics Management Staff, November 1, 2009For more than a quarter century now, Logistics Management’s (LM) Quest for Quality has been regarded in the transportation and logistics industry as the most important measure of customer satisfaction and performance excellence. To determine the best of the best, LM readers rate carriers and third-party logistics (3PL) companies strictly on the basis of service quality; and those winners... More
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Price Trends, November 1, 2009Source: Elizabeth Baatz, Thinking Cap Solutions. E-mail: ebaatz@alertdata.com More
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NITL Executive of the Year: Remaking the rules with Nick DiMichaelBy Patrick Burnson, Executive Editor, November 1, 2009
As shippers and carriers work together to rebuild the global economy, the National Industrial Transportation League (NITL) has chosen one of the men behind the legal framework of this monumental effort as its 2009 John T. McCullough Award—an honor also known as the NITL Executive of the Year. Nicholas J.
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Railroad shipping: AAR reports volumes for the week ending October 24 are downJeff Berman, Group News Editor, October 29, 2009The Association of American Railroads reported today that total volume for the week ending October 24 was down 14.8 percent compared to the corresponding week last year and 17.3 percent from the same week in 2007. More
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Transportation news: BTS says surface trade with Mexico and Canada down 24.9 percent in AugustStaff, October 29, 2009Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was down 24.9 percent in August 2009 compared to August 2008, falling to $54.3 billion, according to data released by the United States Department of Transportation's Bureau of Transportation Statistics (BTS). More
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Railroad shipping: Norfolk Southern reports 3Q earnings are down 42 percentJeff Berman, Group News Editor, October 28, 2009Class I railroad carrier Norfolk Southern reported third quarter earnings of $303 million-or $0.81 per share-representing a 42 percent year-over-year decline. And operating revenue at $2.1 billion was down 29 percent. While earnings and revenue were both down, these figures topped Wall Street estimates, which were roughly between $0.77 and $0.79 per share. More
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Shippers are the focus as rail plan develops(NITL) The National Industrial Transportation League, October 28, 2009The Association of American Railroads (AAR) issued a statement characterizing the Federal Railroad Administration‘s (FRA) Preliminary National Rail Plan as an "excellent first step in developing a longer-range national rail plan" that ensures the U.S. freight rail system continues to be safe, efficient and cost effective. More
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Logistics and business news: Recent economic data indicates full recovery will take at least six monthsJeff Berman, Group News Editor, October 27, 2009In recent months, there have been various economic indicators suggesting that the economy has bottomed out, is slowly improving, or not showing significant signs of improvement. But regardless of the indicator-and how it is interpreted-one consensus remains the same: a true economic recovery is not likely to occur for the foreseeable future. More
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Railroad shipping: Differing views on regulatory efforts are apparent between rail-shipper group and CUREJeff Berman, Group News Editor, October 26, 2009While no formal legislation to re-regulate the railroad industry has been introduced, a white paper recently released by a railroad-shipper group in conjunction with the Surface Transportation Board, is calling for limited changes to the railroad industry, compared to what many feel re-regulation would do. More
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Railroad shipping: AAR reports volumes for week ending October 17 are downJeff Berman, Group News Editor, October 23, 2009The Association of American Railroads (AAR) reported this week that total volume for the week ending October 17 was down 15.4 percent compared to the corresponding week last year. More
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Railroad shipping: AAR says volumes for week ending October 10 are downJeff Berman, October 16, 2009The Association of American Railroads said this week that total volume for the week ending October 10 was down 17.2 percent compared to the corresponding week last year. More
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Transportation news: DOT reports Freight Transportation Services Index is up 0.7 percent from July to AugustStaff, October 15, 2009The United States Department of Transportation's Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (Freight TSI) was up 0.7 percent from July to August. This follows a 1.6 percent bump from June to July. More
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Intermodal shipping: Report indicates J.B. Hunt, Norfolk Southern may be close to an intermodal dealJeff Berman, Group News Editor, October 15, 2009A Reuters report published this week indicated that J.B. Hunt Transport Services (JBH) is "close to signing a long-term intermodal agreement with an eastern railroad, most likely Norfolk Southern Corp (NS). More
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Railroad shipping: CSX reports 3Q earnings are down 23 percentJeff Berman, Group News Editor, October 14, 2009CSX reported third quarter earnings of $293 million—or $0.74 per share—which were down 23 percent year-over-year. Meanwhile quarterly revenue at $2.3 billion was also down 23 percent compared to a year ago. More
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STB: Oral arguments to begin in major cases NITL (The National Industrial Transportation League), October 12, 2009Surface Transportation Board (STB) Chairman Daniel Elliott said October 7 his agency will begin holding public oral arguments in major cases. More
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Railroad shipping: AAR says volumes for week ending October 3 are downJeff Berman, Group News Editor, October 8, 2009The Association of American Railroads said today that total volume for the week ending October 3 was down 17.2 percent compared to the corresponding week last year. More
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Railroad shipping: Railroad re-regulation legislation likely to be introduced before the end of the yearJeff Berman, Group News Editor, October 8, 2009There were no shortage of opinions about the potential railroad re-regulation at this week’s RailTrends Conference in New York. More
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