Railroads in the United States originated 1,028,141 carloads in February, down 0.3% from the same month in 2017, the Association of American Railroads said.
Kansas City Southern
Shipments of containers and trailers posted healthy gains while commodity carloads were weaker from a year ago.
Members of the Transportation Communications International Union (TCU) and Brotherhood Railway Carmen (BRC) have ratified new contract terms with the nation’s major freight railroads covering more than 17,000 employees.
Kansas City Southern reported record fourth quarter 2017 revenues of $660 million, an increase of 10% from fourth quarter 2016. Overall, carload volumes increased 5% compared to the prior year, also a fourth-quarter record.
Railroads are seeing the benefits of surging energy shipments to Mexico from the United States, as fuel exports have increased by 40% in the past two years.
The Alabama State Port Authority and APM Terminals boards of directors in separate actions have approved a $49.5-million expansion of the container facility at the Port of Mobile.