For the week ending Nov. 26, 2022 (Week 47), total U.S. rail traffic was down 4.1% compared with the same week last year, the Association of American Railroads’ (AAR) reported on Nov. 30. Traffic was down 21% compared with the same week in pre-pandemic 2019, according to Susquehanna Financial Group (SFG) Analyst Bascome Majors.
Jacksonville Port Authority (JAXPORT), which is served by 40 daily trains via CSX and Norfolk Southern (NS), as well as regional railroad Florida East Coast Railway (FEC), announced on Nov. 28 that it has partnered with U.K.-based Ellerman City Liners to offer direct container service to/from three destinations in Europe.
The Association of American Railroads (AAR) now has 46 weeks of traffic data for 2022 (ending Nov. 19). Total North American carload and intermodal traffic dipped 1.9% from the same point last year—with decreases in the U.S. and Canada, and an increase in Mexico.
Button Oil & Propane opens a 240,000-gallon rail-fed propane terminal in Northumberland, Pa., which is served by North Shore Railroad (NSHR). Also, Fulton County (Ga.) Railway LLC (FCR), a managed affiliate of OmniTRAX, presents a community donation to an Atlanta-area fire department in honor of Owens Corning Trumbull Atlanta Division.
South Carolina Ports Authority (SC Ports) on Nov. 18 celebrated completing the first phase of a $30 million-plus capacity expansion project at Inland Port Greer, which is served exclusively by Norfolk Southern (NS).
According to the most recent figures from the Bureau of Transportation Statistics (BTS), $133.9 billion of North American transborder freight was moved by all modes of transportation in September 2022, up 22.6% compared to the same month last year.
Amtrak is resuming Adirondack service in 2023 and temporarily suspending Carl Sandburg and Illinois Zephyr trains 380 and 381. Also, the North County (Calif.) Transit District (NCTD) will sell naming rights for stations, regional/commuter rail trains, and buses; and the Port Authority of New York and New Jersey (PANY/NJ), which includes PATH (Port Authority Trans-Hudson) rapid transit, has released an $8.3 billion capital and operating budget proposal for 2023.
BNSF is wrapping up several major capital projects to boost capacity and operational efficiency. Also, CN and Canadian Pacific (CP) are among Canada’s Top 100 Employers for 2023; and Union Pacific (UP) and Portland (Ore.) Community College are launching a career technical-education initiative for welding technology, electrical trades, diesel service, machine manufacturing, and other trade career paths.
A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.
The California High-Speed Rail Authority (CHSRA) and officials from the Port of Los Angeles were honored at the annual WTS-LA Scholarship and Awards dinner. Also, the Transportation Security Administration (TSA) has appointed 25 voting members to serve on the Surface Transportation Security Advisory Committee (STSAC).
