Rail Traffic Hinting at Recovery?

The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended July 25, 2020, and, for this week, total U.S. weekly rail traffic was 481,331 carloads and intermodal units, down 9.9% compared with the same week last year.

Cowen: “Cash For Clunkers,” Spot Lease Rate Recovery and Other Observations

“A resuscitation of a long-futile push for railcar scrappage tax subsidies may be under way. While the effort is in its infancy, and the outcome remains speculative, we see success as less of a long shot than it has been at any time in the past. This would be positive for railcar suppliers, including Trinity and Greenbrier, and metals companies such as Schnitzer Steel, Commercial Metals Company, Nucor Corporation and Steel Dynamics.”

A Look Ahead With CN President and CEO JJ Ruest: Rail Group On Air Podcast

CN President and CEO JJ Ruest, in his second Rail Group on Air appearance, describes his vision for CN’s future as the industry pushes forward following a challenging second quarter. Ruest, Railway

CSX’s Davis Receives Environmental Excellence Award

The Association of American Railroads (AAR) has named Corey Davis of CSX Transportation the recipient of the 2020 John H. Chafee Environmental Excellence Award, which recognizes a railroad employee who has demonstrated the highest level of environmental stewardship and sustainability in the previous year.

Foote: CSX 2Q “Most Disruptive Period I’ve Seen”

CSX, the fourth Class I railroad to report second-quarter 2020 earnings, was hit hard by the freight traffic falloff and economy in recession created by the global COVID-19 pandemic, which appears to have entered a second wave in the U.S. CSX’s 2Q2020 net earnings of $499 million, or $0.65 per share, were a 57.4% free-fall compared to the 2019 period’s $870 million, or $1.08 per share.

Rail Traffic Still Stuck

The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended July 18, 2020, and, for this week, total U.S. weekly rail traffic was 481,597 carloads and intermodal units, down 8.5% compared with the same week last year.

OmniTRAX Bringing Rail-Ready Program to WW

OmniTRAX, an affiliate of The Broe Group, is bringing its Rail-Ready Sites program to the Winchester & Western Railroad (WW) in Virginia. The Rail-Ready Sites program connects rail-served properties with customers looking to maximize supply chain efficiencies.

FreightWaves SONAR: California Gov. Urged to Reverse Ports’ Receding Market Share

California Gov. Gavin Newsom got a letter Monday asking that the state take action to reverse the loss of market share at West Coast container ports.

FreightWaves SONAR: Have Sky-High Ocean Rates Finally Peaked?

Ocean container rates remain exceptionally high but may have finally hit their ceiling. Spot rates have not only stopped rising, they’ve pulled back by single digits. Is this a new plateau or the start of a longer-term reversal as liner alliances bring more capacity back online?

REPORT: Progressive Rail Wants Out of Santa Cruz Deal

According to a report in tpgonlinedaily.com, Progressive Rail wants out of the 10-year contract it signed in 2018 with the Santa Cruz County Regional Transportation Commission to run the Santa Cruz branch line, which worries Big Creek Lumber, one of its freight customers in Watsonville.

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