Comprehensive coverage of rail freight/intermodal transportation management including logistics, shippers, carriers, shipping rates, tariffs, costs and rail loads and volumes.
Posted 07/26 · 12:50 PM · LM Editorial
In an effort to “further protect shippers from unreasonable rail rates,” the United States Department of Transportation’s Surface Transportation Board (STB) said this week it is rolling out two initiatives to help them on this front.
Posted 07/25 · 08:25 AM · LM Editorial
The two largest short line and regional rail operators in North America will become one, with this week’s announcement that Genesee & Wyoming (G&W) will acquire RailAmerica for an all-cash purpose price of $27.50 per share—or roughly $1.39 billion.
Posted 07/20 · 01:14 AM · LM Editorial
Rail carload and intermodal volumes were both up for the week ending July 14, according to data from the Association of American Railroads (AAR).
Posted 07/18 · 01:26 PM · LM Editorial
A report by the USPS Office of Inspector General (OIG), entitled “Strategic Advantages of Moving Mail by Rail,” highlights the fact that moving USPS services and products on rail could be highly advantageous and beneficial for the USPS, with multiple benefits.
Posted 07/13 · 08:38 AM · LM Editorial
Carload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.
Posted 07/12 · 12:53 PM · LM Editorial
June truckload rates were up 3.9 percent compared to June 2011, and intermodal was up 0.6 percent.
Posted 07/09 · 01:31 PM · LM Editorial
U.S. railroads originated 996,022 intermodal containers and trailers in June, which was up 5.2 percent—or 49,168 units—over June 2011 for an average of 249,006 units per week.
Posted 07/09 · 09:13 AM · LM Editorial
A Bloomberg report states that the four U.S.-based Class I railroads have asked the U.S. Court of Appeals to reverse the ruling, explaining that it could lead to a cumulative $10 billion or more in potential damages.
Posted 07/01 · 10:00 PM · LM Editorial
The logistics industry has yet to climb back to the profitability it hit in 2007–the precipice from which it dropped during the recession. According to the report’s author and industry analysts, it may be a while until the overall industry hits full stride again.
Posted 06/29 · 10:47 AM · LM Editorial
In a widely anticipated move, Class I railroad carrier Canadian Pacific Railway formally named Hunter Harrison as its president and chief executive office and a member of its Board of Directors.