Short Lines & Regionals

TugVolt: Autonomous Plus Standard Interchange

Intramotev, a St. Louis, Mo.-based technology startup, has developed an autonomous freight car that can be used in standard railroad interchange service. The vehicle, called the TugVolt, is “currently focused on short-haul routes of 600 miles or less, and designed with standard couplers and air braking that allow it to be hauled in or haul a traditional consist in addition to independent operation,” according to company Co-founder and Chief Executive Officer Timothy Luchini.

Next Stop for CBC Union, Railroad Negotiations: Mediation

The 10 rail unions comprising the Coordinated Bargaining Coalition (CBC) have entered into mediation following an impasse in contract negotiations with the National Carriers’ Conference Committee (NCCC); the NCCC, representing all U.S. Class I railroads and many smaller freight and passenger lines, said that it welcomed the assistance.

Cowen Insight: 4Q21 Rail Shipper Survey Says …

Rail shippers expect price increases of 4.5% over the next 6-12 months, up 30 bps sequentially and above both our survey’s 3.4% five-year average and long-term 10-year average of 3.6%. The business outlook declined slightly sequentially, and economic confidence ticked up sequentially, while still below the survey’s average. Shippers appear to be largely supportive of reciprocal switching ahead of the pending Surface Transportation Board hearings. We see results as net neutral for the group, and continue to favor Canadian Pacific.