On May 12, IANA (Intermodal Association of North America) offered an interesting look at the North American rail intermodal sector. The webinar featured technical slides shared by Bloomberg Senior Analyst Transportation & Logistics Lee Klaskow and TTX Vice President Fleet Management Company Pat Casey. TTX market development experts John Woodcock and Peter Wolff also participated.
Intermodal rail—a transportation mode choice that was to take trucks off the road—is slowing down. Where is it heading? Over several decades, the premise was that railroad intermodal trailer on flat cars (TOFC) and containers mostly on double-stacked well cars (COFC) would grow in volume and therefore reduce highway truck congestion.
Miner Enterprises, Inc., has earned the Supplier Evaluation Committee Award (SECO) from TTX Company for the 27th year in a row, achieving Supplier Excellence status each year since the program’s inception.
For the 22nd consecutive year, Strato, Inc. has received TTX Company’s SECO (Supplier Evaluation Committee) Award. The 2017 SECO award placing Strato in the category of top companies earning the TTX Excellent Supplier designation.
A unit of Progress Rail Services has agreed to pay a criminal fine of $5 million after it admitted to performing unnecessary repairs on railcars, dumping brake shoes and other parts into the ocean to conceal evidence.
Holland LP has received the “TTX Excellent Supplier” designation based on its overall SECO (Supplier Evaluation Committee) evaluation for 2015. This is the company’s 20th time to be recognized, and 17th consecutive.
TTX Co. said the Surface Transportation Board has approved a five-year extension of TTX’s pooling authority governing all types of flatcars, including those that handle intermodal traffic, finished automobiles, and specialized flatcars for lumber, heavy equipment, and other commodities.