Wednesday, October 13, 2010
Building on the momentum which occurred over the first two quarters of the year, Class I railroad carrier CSX reported record third quarter results earlier today. Third quarter earnings for the Jacksonville, Fla.-based company at $414 million and $1.08 per share (beating Wall Street estimates of $1.04 per share) were up 48 percent compared to the third quarter of 2009, which had revenues of $290 million and $0.73 per share.
Posted on 10/13 at 08:39 AM
Michael Ward •
Tuesday, October 12, 2010
As 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 on 10/12 at 10:34 AM
The need to further invest and upgrade United States transportation infrastructure continues to receive a fair amount of attention lately, with President Barack Obama yesterday saying more needs to be done to rebuild America’s infrastructure.
Monday, October 11, 2010
Class I railroad carrier CSX, the state of New Jersey and the Port of New York and New Jersey recently heralded the opening of the Liberty Corridor Freightway, a major public-private partnership that provides expanded access to the Port of New York and New Jersey. The corridor, according to CSX will enable double-stack intermodal freight to move from the port to inland destinations, increase train capacity, improve service levels and expedite freight flows to and from inland ports.
You finished your budget almost a year ago. At that time you forecasted what your volumes were going to be, you determined your origin and destination city pairs, and then set the levels of service that you’re going to provide internal customers and partners. You rolled it all up into the overall supply chain budget and then presented it to management.
It would be tough to add up the actual pages that the business-to-business press has written, printed, and posted on the advantages that a successful outsourcing relationship can bring to a logistics operation.
As the year goes on, import cargo volumes at U.S.-based retail container ports are expected to decline on a sequential basis but remain up on an annual basis, according to the most recent Port Tracker report by the National Retail Federation (NRF) and Hackett Associates.
The outlook appears mixed, said Thomas K. Sanderson, Transplace president and CEO, in an exclusive interview.
Posted on 10/11 at 09:02 AM
Friday, October 08, 2010
We asked a panel with more than 75 years combined experience in logistics and distribution to identify three warehouse/DC best practices that improve the distribution network, reduce the work, and leverage the most important asset in any organization—its people.
The 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.