Filed in Intermodal
Wednesday, July 20, 2011
Class I railroad carrier CSX got things rolling on the tracks with record-setting second quarter earnings of $506 million and $0.46 per share for a 28 percent annual gain. This topped Wall Street estimates in the $0.44 per share range.
Friday, July 15, 2011
Carload volume—at 245,574—was down 3.2 percent year-over-year.
Tuesday, July 12, 2011
Following flat traffic growth on an annual basis in May, the Association of American Railroads (AAR) reported that both carload and intermodal volumes in June were up compared to the same timeframe last year.
Monday, July 11, 2011
At a time when the freight railroad industry is seeing more than its fair share of regulatory action, rail shippers received some good news last week, when the Surface Transportation Board said it is reducing the fee shippers pay to file a railroad rate or unreasonable practice complaint from $20,000 to $350—while maintaining its $150 filing fee for an expedited small rate case.
The National Industrial Transportation League (NITL) filed a petition with the United States Surface Transportation Board (STB), requesting that the STB adopt new rules regarding reciprocal switching between Class I railroad carriers.
Friday, July 08, 2011
Carload volume—285,943—was up 0.3 percent year-over-year and ahead of the week ending June 25 at 284,562 and behind the week ending June 17 at 294,310.
Wednesday, July 06, 2011
Container shipping carrier APL recently said it has made a land purchase in Joliet, Illinois to develop an intermodal container terminal. APL officials said the company purchased 43 acres of space from CenterPoint Properties within the CenterPoint Intermodal Center, the largest inland port in the United States.
Tuesday, July 05, 2011
LM Group News Editor Jeff Berman conducted an on-stage interview with Leo Suggs, Chairman of the Board and CEO of Greatwide Logistics at the eyefortransport 3PL Summit. The theme of this year’s interview was “Gauging the Impact of Driver Shortages and Changed Carrier Relationships.”
Friday, July 01, 2011
Carload volume—at 284,562—was down 0.2 percent annually and behind the weeks ending June 17 and June 10 which hit 294,310 and 290,181, respectively.
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Friday, June 24, 2011
Intermodal volumes hit a 2011 high for the second straight week at 237,682 trailers and containers for a 4.3 percent annual gain, topping the week ending June 4 at 237,422 by 260 trailers and containers.