Norfolk Southern (NS) has confirmed that its first-quarter 2024 financial results are in line with the preliminary results it announced April 9, one month before the May 9 shareholder’s meeting in which
U.S. rail traffic for the week ending April 20, 2024 (Week 16), came in at 474,544 carloads and intermodal units, up 0.8%—virtually flat—compared with the same week last year, based on 216,945 carloads—down 6.7% from 2023—and intermodal volume of 257,599 containers and trailers—up 8.2%, the Association of American Railroads (AAR) reported April 24.
The Ports of Indiana on April 23 reported that United Steel Supply LLC will invest up to $10 million to open a steel processing and painting facility at its rail-served Jeffersonville, Ind.,
South Carolina (SC) Ports marks its most significant container-volume uptick in 2024. Also, Stonepeak acquires a 1.7 million square-foot rail-served logistics portfolio in Chicago from CenterPoint Properties.
Global industry leaders from North America, Asia and Europe announced April 15 the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will “work together to decarbonize the value chain for commodities” between Canada, Japan and South Korea.
Norfolk Southern (NS) recently announced the merger of its wholly owned subsidiaries, Triple Crown Services Company and Thoroughbred Direct Intermodal Services, Inc., to create a newly formed, combined entity under the name
For first-quarter 2024, ending March 31, local dockworkers moved 2,380,503 Twenty-Foot Equivalent Units (TEUs) across Los Angeles marine terminals—nearly 30% more than 2023, the Port of Los Angeles reported April 17. It was among the Port’s best first quarter starts, behind only the pandemic import surge in 2021 and 2022.
The Port of Long Beach (POLB) has awarded “technology ecosystem for smart mobility infrastructure” Iteris, Inc. a $900,000 contract for an 18-month multimodal transportation study.
The Alaska Railroad (ARRC) on April 15 announced that it is seeking to replace the passenger dock and terminal building in Seward, Alaska, with the purchase of a $137 million project proposed by local developer The Seward Company.
March was the third consecutive month of growth for the Georgia Ports Authority (GPA), with rail volumes up 22%. Also, ITS Logistics releases its April forecast, reporting that the collapse of Baltimore Key Bridge has resulted in a “‘severe’ rating for Atlantic Ocean Region.”
