Posted 11/01 · 11:50 AM · SCMR EditorialThe combined rail traffic to and from the northern EU seaports will rise yet again, says a recent study. But Rotterdam will gain the most share.
Posted 10/28 · 09:55 AM · LM EditorialAs has been the case during third quarter earnings, Class I railroad earnings continued to deliver strong results, with Norfolk Southern’s strong earnings results bearing that out. Earnings for the Norfolk, Virginia-based carrier at $445 million were up 47 percent year-over-year. And earnings per share of $1.19 were also up 47 percent, beating Wall Street estimates of $1.09.
Posted 10/22 · 09:07 AM · LM EditorialRailroad volumes for the week ending October 16 showed continued year-over-year improvement, according to data released by the Association of American Railroads (AAR).Carload volume at 303,664 was up 10.1 percent year-over-year and was ahead of the 297,029 carloads reported by the AAR
Posted 10/21 · 08:54 AM · LM EditorialThe port, along with 41 other capital construction projects and 33 planning projects in 40 states, received funding from $600 million awarded nationwide.
Posted 10/19 · 09:05 AM · LM EditorialClass I railroad carrier Union Pacific this week officially opened its 785-acre, nearly $370 million Joliet, Illinois Intermodal Terminal. Construction on the $370 million terminal began in August 2008, with phase one completed this past August. It is located five miles south of I-80 and seven miles east of I-55.
Posted 10/12 · 10:34 AM · LM EditorialAs was the case in August, September rail volumes were mixed when compared to the last two years, according to data released by the Association of American Railroads (AAR). The AAR reported that monthly rail carloads for September—at 1,487,511—were up 7.7. percent from September 2009 and down 7.5 percent from September 2008. The weekly September average of 297,502 carloads hit its highest level since October 2008, said the AAR. September carloads were 1.9 percent higher than September 2009.
Posted 10/08 · 12:00 PM · LM EditorialThe nation’s railroads have pulled out of the downturn in solid fiscal shape, proving that they’ve mastered the art of cost management. To offer a comprehensive look at the new state of the rails, we’ve gathered four top analysts to share how volumes, rates, and game-changing regulation could alter how shippers manage the mode.
Posted 10/08 · 12:15 AM · LM EditorialWhile no 2010 weekly volume figures were broken, railroad volumes for the week ending October 2 remained consistent with previously solid weeks, according to data released by the Association of American Railroads (AAR).
Posted 10/01 · 06:55 AM · LM EditorialAnother week, another 2010 record for intermodal volumes. That seems to be the case these days, according to data released this week by the Association of American Railroads (AAR).