Intermodal

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Savannah moves 1M TEUs in 1Q, plots rail growth The Port of Savannah moved more than one million twenty-foot equivalent container units (TEUs) at Garden City Terminal in the first quarter of fiscal 2018, as traffic increased by 5.8% or 55,629 TEUs over the same period in FY17.

third-quarter-revenue-net-up-at-cp
Canadian Pacific Railway reported third-quarter adjusted diluted earnings per share of $2.90, up 6%, on revenue that was 3% higher at $1.6 billion. The Calgary-based railroad said its operating ratio improved by 100 basis points to 56.7%. "Volume momentum grew over the...
cowen-survey-shippers-expecting-rate-increases-still-unhappy-with-csx
Railroad shippers are anticipating price increases averaging 3.2% over the next 6-12 months, according to Cowen and Company’s Third-Quarter 2017 Rail Shipper Survey. This is a 20 basis point sequential increase from 3.0% in Cowen’s 2Q17 survey. “That’s higher than investors...
csx-profit-up-1-in-3q
CSX Corp. today reported third quarter net earnings of $459 million, or 51 cents per share, up from $455 million, or 48 cents per share, in the same period last year. Excluding a $1 million restructuring charge, adjusted earnings per...
savannah-moves-1m-teus-in-1q-plots-rail-growth
The Port of Savannah moved more than one million twenty-foot equivalent container units (TEUs) at Garden City Terminal in the first quarter of fiscal 2018, as traffic increased by 5.8% or 55,629 TEUs over the same period in FY17. In September...
santana-to-lead-ge-transportation
General Electric announced that Rafael Santana, president and Chief Executive of GE Latin America, has been named president and CEO of GE Transportation, effective November 1. Santana, with more than 17 years at GE, held leadership positions in GE Oil &...

double-digit-run-up-for-intermodal
The Association of American Railroads said total U.S. rail traffic for the week ending October 7 was 554,826 carloads and intermodal units, up 6.3% compared with the same week in 2016. Traffic included 269,336 carloads, up 2%, while intermodal volume...
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Long-time Greenbrier Cos. executive and board member, and former Interstate Commerce Commission Chairman A. Daniel O’Neal died at home on Oct. 10 at the age of 81. Dan O’Neal served Greenbrier for more than 30 years. He was Director of Greenbrier’s...
fuel-surcharge-fire-tamped-down—for-now
U.S. District Court for the District of Columbia Judge Paul Friedman on Oct. 10 denied class certification in the 10-year-old class action lawsuit alleging that BNSF, Union Pacific, CSX and Norfolk Southern engaged in fuel surcharge price-fixing. An appellate court...
cp-gw-in-ohio-intermodal-pact
Canadian Pacific Railway announced a new partnership with Genesee & Wyoming Inc. and Bluegrass Farms of Ohio that will open up the Ohio Valley to CP intermodal customers and further extend its reach into key North American heartland markets. The Calgary-based...
csx-reporting-“positive-trends”
Approximately one week before the Oct. 11 Surface Transportation Board hearing (curiously called a “public listening session” by the STB) on CSX service issues, the railroad is pointing to extended “positive trends” as President and CEO Hunter Harrison’s Precision Scheduled...

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