Freight Forecasting

Now On Line: Railway Age’s February Digital Edition

The February 2021 issue of Railway Age is now available digitally, covering topics from hydrogen fuel cell locomotives to Big Data and showcasing the Honorees of our 20 Under 40 program.

AAR: Carload Gain Lies Mainly in the Grain

In January, U.S. intermodal shipments and carloads of chemicals set new records, and grain was up 40%, its “biggest-ever” year-over-year increase, Association of American Railroads (AAR) Senior Vice President John T. Gray reported on Feb. 3. Total carloads (930,303) were the highest they have been in a year, he added—an encouraging sign.

“Despite difficult market conditions at Rail North America, outstanding efforts by our commercial team enabled us to maintain fleet utilization above 98% throughout the year,” GATX President and CEO Brian A. Kenney said during a quarterly earnings announcement.

GATX 4Q20: ‘Some Initial Recovery Signs’

Chicago-based GATX Corp. has reported fourth-quarter 2020 net income from continuing operations of $17.8 million, or $0.50 per diluted share, compared with fourth-quarter 2019’s $42.1 million, or $1.18 per diluted share. For full-year 2020, net income from continuing operations was $150.2 million, or $4.24 per diluted share, vs. the prior year’s $180.8 million or $4.97 per diluted share.