Posted 03/18 · 07:56 AM · LM EditorialRailroad volumes continued trending in the right direction, with volumes up again for both carload and intermodal for the week ending March 12, according to data from the Association of American Railroads (AAR).
Posted 03/11 · 10:19 AM · LM EditorialCarload volume at 300,953 was up 5.5 percent year-over-year and was ahead of the week ending February 26 at 296,252 and the week ending February 19 at 296,980. Carload volume was up 0.3 percent in the East and up 9.2 percent out West.
Posted 03/09 · 11:15 AM · LM EditorialWhile heavy capital expenditures are nothing new for the freight railroad industry, a report released today by the Association of American Railroads (AAR) stated that United States-based freight railroads are planning to spend $12 billion in capital expenditures in 2011, following a $10.7 billion investment in 2010.
Posted 03/07 · 01:31 PM · LM EditorialClass I railroads received good news last week, when the Federal Railroad Administration and the Association of American Railroads reached a settlement regarding the guidelines of the Positive Train Control (PTC) regulatory mandate.
Posted 03/04 · 11:12 AM · LM EditorialFollowing the January reintroduction of a Senate bill designed to remove antitrust exemptions currently granted to the railroad industry, the Senate Judiciary Committee this week approved the bill—entitled the Railroad Antitrust Enforcement Act, S.49—by a 14-1 margin.
Posted 03/04 · 09:28 AM · LM EditorialCarload volume at 296,252 was up 2.4 percent year-over-year and was slightly behind the week ending February 19, which came in at 296,980.
Posted 03/01 · 09:09 AM · LM EditorialClass I railroad carrier Canadian Pacific recently announced that it has signed a collaboration agreement on performance and productivity with the Montreal Port Authority, which it said formalizes CP’s and the port’s ongoing supply chain collaboration.
Posted 02/25 · 10:30 AM · LM EditorialThe week ending February 19 delivered solid year-over-year gains, according to data released by the Association of American Railroads (AAR).
Posted 02/24 · 01:16 PM · LM EditorialEarlier today, the Surface Transportation Board (STB) held a hearing, entitled “Review of Commodity, Boxcar, and TOFC/COFC Exemptions.” The STB said the objective of the hearing is to review regulatory exemptions for certain types of rail traffic to determine their effectiveness in the marketplace, see whether the rationale behind these exemptions should be revisited, and also if these exemptions should be subject to periodic review.
Posted 02/24 · 10:14 AM · LM EditorialNational Gateway officials said that the Northeast Ohio Terminal is the cornerstone of a new double-stack freight rail corridor between East Coast sea ports such as the Port of Baltimore and the Midwest.