Filed in Rail Freight
Friday, July 22, 2011
A new white paper from global real estate firm Jones Lang LaSalle points to the increasing importance of inland ports as a critical link in the global supply chain.
Rail traffic was mixed for the week ending July 16, according to data released by the Association of American Railroads (AAR).
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.
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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Steady growth on the rails