Road & Rail Services honored by Honda
Road & Rail Services, Inc., a provider of third party logistics, was honored with two awards from American Honda Motor Corporation of North America.
Intermodal
GE: Big Data for a big port
A pilot project utilizing advanced analytics software from GE Transportation is under way at the Port of Long Beach, Calif., the busiest port complex in North America. Designed to improve container movements at three of the port’s six container terminals—Long Beach Container Terminal, Total Terminals International and International Transportation Service—the two-month project incorporates GE’s Port Optimizer™ software to access data to move containers more efficiently.
Politics, economy drive rail volumes
The Association of American Railroads reported the latest weekly U.S. rail traffic continued to power ahead, driven by positive economic factors and looming fears over trade.
BNSF posts strong second quarter, first half
BNSF Railway realized significant gains in operating income and revenue in this year’s second quarter and first half, attributable to volume increases in most commodities, tight truck capacity leading to highway-to-rail conversions, pricing and other factors.
CSX decentralizes operations
CSX has implemented a new operating management structure that “decentralizes operational and support functions,” are “designed to enhance safety, improve service, accelerate decision-making and drive operating efficiency,” and are “a continuation of the company’s scheduled railroading transformation.”
LIRC sets stage for ‘prime mover’ Guardsman
A recent ceremony involving the Louisville & Indiana Railroad and an online U.S. military base shipper gives new meaning to the term “troop train”.
Siemens splits Mobility division into separate company
Siemen’s’ Mobility division will be transferred into a legally separate company owned by Siemens in anticipation of its merger with Alstom, as part of a Siemens’ company-wide restructuring announced on August 1.
TRAC: Lovetro retires, Polli named CEO
TRAC Intermodal President and CEO Keith Lovetro has retired, and Jennifer Polli has replaced him, effective Aug. 1, 2018.
Energy, consumer spending lead rail traffic gains
Freight rail traffic “continues to reflect the strength of the U.S. economy across all major industry sectors, with 15 of the 20 commodity categories we track having higher carloads in July 2018 than in July 2017,” said Association of American Railroads Senior Vice President of Policy and Economics John T. Gray noted as the AAR presented U.S. figures for the week ending July 28, 2018, as well as volumes for July 2018. “July saw especially strong gains in commodities related to the energy sector—and also in categories tied to consumer spending, including automotive and intermodal traffic. Still of concern, though, is the potential negative impacts that could result from the ongoing discussions around trade.”
CN 2Q18 financials: “Swift network recovery”
CN is raising its financial outlook “following swift network recovery and solid top-line growth” in this year’s second quarter, and expects that “continued strong demand and capital investments will build momentum for second half of the year”