Filed in Railroad Shipping
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, June 24, 2011
Earlier this week, the Surface Transportation Board (STB) held a public hearing to explore the current state of competition in the railroad industry, as well as possible policy alternatives to facilitate more competition.
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.
Wednesday, June 15, 2011
Business logistics costs rose 10.4 percent last year, totaling $1.21 trillion, which is about what American businesses paid for freight transport in 2010, according to the authoritative 22nd annual State of Logistics report released Wednesday.
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Monday, June 13, 2011
Class I railroad carrier Canadian Pacific (CP) recently announced it will be a tenant at the Western Canada-based Global Transportation Hub (GTH). CP’s plans for a new intermodal facility at the Global Transportation Hub were announced in December, 2007.