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.
Kansas City Southern
Kansas City Southern (KCS) has announced two new appointments among the company’s executive management ranks.
Kansas City Southern’s 2017 sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” was created “to clearly communicate why our sustainability priorities are important to our business,” according to President and CEO Patrick J. Ottensmeyer.
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.
Kansas City Southern and U.S. Customs and Border Protection celebrated the completion of the Secondary Examination Station at the KCS Laredo rail yard Aug. 10 with a ribbon-cutting ceremony.
Rail freight, including commodity and intermodal volumes, continued steady upward movement in the latest weekly data check.
Kansas City Southern reported record second-quarter 2018 revenues of $682 million, an increase of 4% from 2Q17. Overall, carload volumes increased 1% compared to the prior year.
Rail traffic moved smartly ahead the first week of July as shippers secured orders before President Trump’s tariffs take full effect.