September’s change of seasons didn’t cool off the year-long rise in U.S. rail freight commodities and intermodal traffic.
Oil producer Cenovus Energy announced it has signed crude-by-rail contracts with CN Railway and Canadian Pacific.
Another month, another milestone for surging North American rail freight with one caveat – ongoing uncertainty over U.S. trade policy.
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.
CN President and CEO JJ Ruest, recently appointed to his post after serving in an interim capacity following the ouster of Luc Jobin in March, on Aug. 15 announced several key appointments to his senior management team.
Rail freight, including commodity and intermodal volumes, continued steady upward movement in the latest weekly data check.
Rail traffic moved smartly ahead the first week of July as shippers secured orders before President Trump’s tariffs take full effect.
A Canadian Class I is taking steps to show that a railroad can be a good neighbor, too.
Analyst Cowen and Co. this week hosted its quarterly rail equipment conference call with expert panelists across the industry spectrum.