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.
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.
Ottawa is looking north in its latest plans to boost transportation infrastructure development.
Martin J. (Marty) Oberman, 73, an attorney and perennial fixture in Chicago and Illinois Democratic politics, is President Trump’s choice to fill a vacant Democratic seat on the five-member Surface Transportation Board (STB). He must be confirmed by the Senate.
BNSF Logistics, LLC, a multi-modal third-party logistics service provider, has acquired Unlimited Freight, a New Braunfels, Tex.-based 3PL (third-party logistics services provider).