Intermodal

UP ITR aligned with PSR

Union Pacific (UP) recently announced in a notice to customers that it is updating its current intermodal reservation system—with a projected release next month—to “improve ease of use while also improving reservation utilization through technology and better processes” as the railroad continues its transition to PSR (Precision Scheduled Railroading).

Cowen: Shipper surveys say …

Two 2Q19 surveys of rail shippers on pricing/service quality and equipment needs conducted by Cowen and Company analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer indicate that, compared to 1Q19, Class I railroad customers are anticipating somewhat lower rate increases, and little change in demand for new railcars.