Filed in Rail Freight
Friday, December 16, 2011
Carload volume—at 297,400—was up 3.7 percent annually.
Monday, December 05, 2011
In a recent filing with the Department of Transportation’s Surface Transportation Board (STB), a group comprised of several rail shippers voiced their opinions as to why allowing BNSF Railway to take a write-up of roughly $8 billion based on the acquisition premium paid by Berkshire Hathaway in its February 2010 $34.5 billion acquisition of BNSF is “objectionable for many reasons.”
Friday, December 02, 2011
While the prospects of a national railroad strike were fairly high earlier in the week, the situation appears to be far less dire, with tentative agreements in place between major freight railroads and two of the three railroad labor unions that the railroads had yet to reach an agreement.
Rail traffic continues to positively trend upward, with gains on both the carload and intermodal side for the week ending November 26 according to data released by the Association of American Railroads (AAR).
Tuesday, November 29, 2011
With the clock winding down, the ongoing dispute between railroad management and labor over contractual issues largely focused on health care and economic issues remains in flux.
As freight transportation volumes are primarily showing flat or modest growth levels, intermodal still is showing very strong growth prospects, with the very likely possibility that the drivers for future intermodal gains are very promising.
Friday, November 18, 2011
Carload volume—at 299,591—was up 0.5 percent annually and slightly ahead of the week ending November 5 at 298,465.
Monday, November 07, 2011
While the economic recovery has had its fair share of stops and starts, it may be happening again in earnest on the railways. That is the consensus from John Lanigan, executive vice president and chief marketing officer at BNSF Railway.
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October carloads—at 1,215,627—were up 1.7 percent annually. And intermodal—at 975,566 trailers and containers—was up 3.6 percent compared to October 2010.