Weeks after federal officials called for improvements in grade-crossing safety nationwide, Indiana has stepped up with millions in state funding to help pay for life-saving projects. Gov. Eric Holcomb, along with officials
For the week of December 8, U.S. weekly rail traffic was 570,225 carloads and intermodal units, up 3.1% from the same week in 2017.
After a mostly steady climb through this year, rail freight volumes on Class I railroads are on a downgrade, and uncertainty in 2019 is looming like a blind curve in the dark.
Just a quarter-billion dollars separates the Port of Baltimore from joining the East Coast intermodal arms race, even with CSX back onboard to help reconstruct a key rail link to the marine gateway.
GM’s planned plant closings shadowed already-declining shipments of vehicles moving by rail in the U.S. despite a bounceback by commodities in the latest week’s data.
Amid roiling markets, weaker commodities and intermodal shipments may be signaling a correction for U.S. rail freight.
CSX plans to sell 373 miles of track in the Florida Panhandle to a new company backed by an investment group headed by veteran short line entrepreneur Gary Marino.
Financial Edge, November 2018: In mid-September, CSX filed a report to the FRA stating that its June 2018 derailment near Princeton, Ind., (about 150 miles south of Indianapolis) was caused by buckled track. The derailment included 23 freight cars and caused the evacuation of nearby homes (within a radius of about one mile from the crash site) as a precautionary measure. Some of the derailed cars were carrying liquid petroleum gas (LPG or NGLs) and liquid propane (LP). 60,000 gallons of liquid NGLs were released. One tank railcar filled with leaking propane was on fire.
Surging shipments of crude-by-rail are fast putting other commodities in the rearview, while U.S. trade policy slows grain exports by domestic growers, according to the Association of American Railroads.
Carload commodity freight on U.S. railroads continued to slow but intermodal shipments set a brisker pace through the first 10 months of this year.