The Association of American Railroads said U.S. rail traffic for the week ending February 10 was 519,545 carloads and intermodal units, up 1.6% from the same week a year ago.
OmniTRAX Inc.’s Savannah Gateway Industrial Hub has been certified a GRAD (Georgia Ready for Accelerated Development) site by the Georgia Department of Economic Development (GDEcD), the state’s marketing and sales arm. OmniTRAX is developing the 2,700-acre tract in Effingham County, Ga., in partnership with the Effingham County Industrial Development Authority (ECIDA).
Norfolk Southern said net income for the fourth quarter totaled $3.97 million and earnings per share were $13.79, thanks to federal tax cuts that added $3.48 billion to the bottom line. For the year, net income was $5.4 billion with earnings per share of $18.61, which added $12.10 for the quarter and $12 for the year on the tax reform legislation.
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.
Container volume grew 9% in 2017 for the South Carolina Ports Authority, with a record-setting 2.2 million twenty-foot equivalent container units (TEU) handled during the year.
The Association of American Railroads said U.S. rail traffic for the week ending Jan. 6 totaled 415,862 carloads and intermodal units, down 4.6% from the year-ago week.