Growing e-commerce and the run-up to end-of-year retail sales helped intermodal shipments gain in the weekly rail freight report from the Association of American Railroads.
Another month, another milestone for surging North American rail freight with one caveat – ongoing uncertainty over U.S. trade policy.
Canadian Pacific Railway will provide service for a new, mammoth grain terminal in Alberta province.
Deep into a summer of simmering trade and economic issues, grain and petroleum continued to lead growing U.S. rail traffic for the week ending August 25.
Rail traffic in the U.S. for the week ending August 18 was 567,477 carloads and intermodal units, up 3.7% compared with the same week in 2017.
Canadian Pacific moved 25.8 million metric tons (MMT) of western Canadian grain and grain products, soybeans and other non-regulated principal field crops during the 2017-2018 crop year and “stands ready to again safely and efficiently deliver during the 2018-2019 crop year.”
Rail freight, including commodity and intermodal volumes, continued steady upward movement in the latest weekly data check.
The Teamsters Canada Rail Conference-Train & Engine (TCRC-T&E) has ratified a new four-year agreement with Canadian Pacific. Additionally, CP’s Kootenay Valley Railway conductors and locomotive engineers ratified a five-year agreement.
Second quarter revenues were higher at Canadian Pacific Railway on improved carload results, though earnings slipped compared to the prior-year quarter.
Rail traffic moved smartly ahead the first week of July as shippers secured orders before President Trump’s tariffs take full effect.