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.”
Switching & Terminal
The Massachusetts Department of Transportation (MassDOT) announced July 9 five grants totaling more than $1.8 million as part of the Industrial Rail Access Program (IRAP).
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.
An industry trade group is giving short lines a short route to useful safety information.
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.”
CSX has sold the Alabama & Tennessee River Railway, LLC (ATN) and the Fulton County Railway, LLC (FCR) to HGS Railway Holdings Inc., a managed affiliate of OmniTRAX, Inc. Terms for the transaction were not disclosed. OmniTRAX has managed both short lines for several years. Operations are expected to continue unchanged following the acquisition.
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.
Trac Intermodal, North America’s largest provider of intermodal marine equipment and biggest chassis pool manager, is adding more than 16,000 new and fully refurbished chassis to its various regional fleets, continuing a major modernization program that began in 2015 “to provide the intermodal industry with ease of access to high-quality equipment.”
The Port Authority of New York & New Jersey (PANYNJ) has contracted with Cross Harbor Partners, an STV/AKRF Inc. joint venture, to prepare a Tier II Environmental Impact Statement (EIS) study for the Cross Harbor Freight Program, described as “a transformative goods movement product that strives to induce a modal shift away from trucks to reduce vehicle-miles traveled (VMT) and the attendant wear and tear on our region’s roadways and bridges.”