Intermodal

Shipper survey “positive” for railroads: Cowen

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.”

Cowen report: So, how’s our competition doing?

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.”

U.S. intermodal registers double-digit gain

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.

Bridging the Big Data gap

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.