State funding will help CSX transform a central New York rail yard into a modern intermodal hub for international freight.
The results of Cowen and Company’s 2Q18 Rail Shipper Survey “are positive for the railroads,” according to Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. With anticipated rate increases of 4.7% over the next 6-12 months, up from 3.8% in Cowen’s 1Q18 survey—the second-highest sequential increase in this survey’s history—market share “is moving from the highway to the rails and may pick up in the second half of the year if rail service improves.”
Improvement of critical tunnels under the nation’s capitol is nearing completion, part of a larger project to improve rail freight access from East Coast gateways.
Is trucking as good as it gets? “June was great for truckers, and the start of July has been just as good,” says Cowen and Co. Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “It remains a strong trucking market, and capacity is extremely tight. That being said, things can continue going well, but we question just how much better it can get.”
The records keep coming for a key U.S. East Coast container gateway.
U.S. weekly intermodal volume rose 12% to 244,679 containers and trailers for the week ending July 7, 2018 compared with the same week last year, the Association of American Railroads (AAR) reported on July 11. Carloads for the week were 240,514, up 5.4% compared with the same week in 2017. Total U.S. weekly rail traffic rose 8.6% to 485,193 carloads and intermodal units.
In July 11, 2018 commentary published in the Washington Examiner, AAR President and CEO Ed Hamberger teamed with American Chemistry Council President and CEO Cal Dooley and American Petroleum Institute President and CEO Jack Gerard to point out the inherent folly of President Donald Trump’s planned imposition of tariffs on steel and aluminum, which would almost certainly cause a simmering trade war with vital economic partners to boil out of control, killing jobs and flushing U.S. economic security into the sewer.
Railways are harvesting increasing volumes of data on the performance of their assets. But converting raw data into meaningful insights remains a challenge for many industry organizations. At the May 29 Rise of IoT and Big Data in Rail conference in Munich, organized by Rotaia Media, suppliers, tech companies, train operators and infrastructure managers described how they are harnessing the power of data through advanced asset management systems.
Union Pacific recognized 54 companies with its Pinnacle Award for their commitment to safely transport chemical products.
Numerous services are available at InnoTrans 2018 to make a visit to the massive transportation trade show in Berlin “both efficient and enjoyable,” organizers say. “A much wider range of data and facts is now provided online, focusing on the convention as well as on the exhibitors, products and innovations.”