Carloads for grain and motor vehicles have risen in recent weeks, a sign that the rail volumes could potentially be past their bottoming out, according to Union Pacific (NYSE: UNP) CEO Lance Fritz.
Freight Forecasting – Sponsored by FreightWaves SONAR
CN President and CEO JJ Ruest, Railway Age’s 2019 Railroader of the Year, joins Editor-in-Chief William C. Vantuono to talk about freight rail‘s role in the rapidly-evolving global supply chain, and adapting
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended May 23, 2020, and, despite continued drops compared to 2019, there were “encouraging signs.”
After “blanking” (canceling) around 20% of Asia-to-U.S. capacity in May and June, it now appears likely that container-ship carriers will cut fewer sailings in July, possibly as low as 10%.
FreightWaves SONAR: Railroads Pin Hopes on Auto Manufacturing as U.S. Carloads Sustain Record Decline
The Class I railroads are closely watching the restart of North American automotive production, hoping that the slow ramp-up will not only grow motor vehicle volumes but also improve demand for supplies such as steel and plastics, according to executives at recent investor conferences. However, a key unknown variable is whether consumer demand will lift volumes for automobiles and other goods, executives said.
Numerous factors are impairing intermodal volume growth. These include blanked sailings, a shift in overall freight demand toward refrigerated, an uncertain outlook for consumer demand and, of course, competition from the highway.
Ever check out the list prices of brand-new main line diesel-electric locomotives? They are expensive, about $3 million each. Are you mesmerized by the horsepower quoted? Nah! You want tractive effort. Hauling heavy, long freight trains is the North American business model. You need to purchase tractive effort.
U.S. container imports are on a wild ride. They plunged in March after the initial coronavirus outbreak in Wuhan, China. They bounced back in April when delayed bookings were loaded after China came back online. Beginning in May, they sank again as container carriers “blanked” (canceled) sailings. Now, it looks like there could be at least some momentum in the positive direction.
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended May 16, 2020, and, for this week, total U.S. weekly rail traffic was 416,115 carloads and intermodal units, down 22% compared with the same week last year.
American Fuel and Petrochemical Manufacturers Senior Director, Petrochemicals, Transportation and Infrastructure Rob Benedict talks with Railway Age Editor-in-Chief William C. Vantuono about safety, regulatory and legislative matters involving AFPM member companies and