Railroad Shipping

By Jeff Berman · April 11, 2016
The proposed nearly $30 billion merger of Class I railroad heavyweights Canadian Pacific (CP) and Norfolk Southern (NS) has come to an end despite myriad repeated overtures by the former. That was the word from Calgary-based CP, with the company saying today it has officially terminated its efforts to merge with CP, coupled with withdrawing a resolution in which it had asked NS shareholders to vote in favor of good-faith negotiations between the railroads and stating that it will not make any further financial offers or overtures to meet with the NS board of directors.
By LM Staff · April 8, 2016
Carloads fell 14.2 percent, or 198,737, to 1,196,167, and intermodal containers and trailers were down 7.7 percent, or 104,343 units, to 1,250,925 in March.
By Jeff Berman · March 28, 2016
With Congress having passed the Surface Transportation Board Reauthorization Act into law late last year, a rail shippers group is ready for the bill’s objectives to be put into motion in order for the STB to be able to implement free-market reforms and resolve rate disputes in a swift and fair manner.
By LM Staff · February 19, 2016
Carloads continued to slide, falling 15.4 percent, or 244,344 carloads, annually, and intermodal trailers and containers headed up 10.4 percent annually to 260,814.
By LM Staff · February 12, 2016
Carloads saw a 11.7 percent annual decline at 241,680, and intermodal containers and trailers rose 10.5 percent to 262,830
By Jeff Berman · January 29, 2016
Class I railroad carrier Norfolk Southern this week released additional information on its strategic plan, which it said is geared to streamline operations and drive profitability and growth on various fronts. NS officials said its projected expense reduction and cost control efforts will be focused in a few specific areas, including compensation and benefits, purchased services and rents, materials, and fuel. The company initially introduced the plan on December 4, 2015.
By LM Staff · January 14, 2016
Carloads for the week ending January 9 were down 13.5 percent annually at 239,221, and intermodal containers and trailers were up 7.5 percent annually at 258,939.
By Jeff Berman · January 13, 2016
Jacksonville, Fla.-based CSX reported it had fourth quarter revenue of $2.781 billion, which was down 13 percent, or $411 million annually, with earnings per share of $0.48 off 2 percent annually and ahead of Wall Street estimates of $0.46 per share.
By Jeff Berman · January 7, 2016
2015 U.S. rail carloads were down 6.1 percent annually at 14,266,204, and U.S. intermodal container and trailer volume was up 1.6 percent at 13,710,646 units.
By LM Staff · December 18, 2015
Carloads were down 13.2 percent annually at 270,953, and intermodal containers and trailers were down 2.3 percent annually at 274,022.
By Jeff Berman · December 11, 2015
Railroad service issues and rates remain front and center, as has been the case in previous incarnations of this legislation. The bill is focused on addressing inefficiencies within the STB, which serves as the federal regulatory body responsible for economic oversight of the U.S. rail system, with regulatory jurisdiction over railroad rate reasonableness, mergers, line acquisitions, new rail-line construction, line abandonment, and other issues.
By Jeff Berman · December 2, 2015
The organizations penning the letter are part of the Rail Customer Coalition, which is a large coalition of trade associations representing the manufacturing, energy, and agricultural industries reliant on railroads. In the letter, they said that the freight rail industry is critically important to U.S. economic competitiveness and adoption of the reasonable, commonsense and non-controversial reforms in S. 808 will help ensure a more appropriate balance between the rail industry and their customers.
By Jeff Berman · November 18, 2015
A recent Bloomberg report indicating that Canadian Pacific Railway Ltd. is looking to acquire Norfolk Southern was confirmed by the Class I railroads in separate statements issued over the past two days.
By LM Staff · November 13, 2015
Carloads were down 8.7 percent annually at 272,063, and intermodal containers and trailers were down 1.5 percent annually at 267,102.
By LM Staff · October 16, 2015
Carloads were down 5.8 percent annually to 281,073, and intermodal containers and trailers were up 0.5 percent annually to 275,160.

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From the June 2016 Issue
In the wildly unstable ocean cargo carrier arena, three major consortia are fighting for market share, with some players simply hanging on for survival. Meanwhile, shippers may expect deployment shifts as a consequence of the Panama Canal expansion.
WMS Update: What do we need to run a WMS?
Supply Chain Software Convergence: Synchronization Realized
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