The U.S. Class I railroads started the New Year in impressive fashion, as freight and intermodal traffic notched solid gains for the week ending January 5.
As it deploys a new operating system, Union Pacific has appointed Jim Vena as Chief Operating Officer, effective Jan. 14. He was a 40-year veteran of CN before retiring in 2016.
Carload freight, containers and trailers carried by U.S. railroads continued a strong year-end surge, according to the Association of American Railroads.
Total U.S. rail traffic was 567,252 carloads and intermodal units for the week ending December 22, up 4.2% from the year-ago week.
Traffic on U.S. railroads was 568,941 carloads and intermodal units for the week ending December 15, up 3.9% compared with the same week in 2017.
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.
On Monday Feb. 11, 2019, Norfolk Southern and Union Pacific—both of which are rolling out their own versions of Precision Scheduled Railroading—will deploy jointly developed new routing protocols for domestic and international intermodal interline services.
The Oregon International Port of Coos Bay was awarded a $20 million federal grant to rehabilitate 15 bridges along its Coos Bay Rail Line.
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.
Institutional Investor, a publication covering the financial services industry since the 1980s, has named Union Pacific Executive Vice President and Chief Financial Officer Rob Knight “Best CFO” for the sixth consecutive year in its 2019 All-America Executive Team list of airfreight and surface transportation companies.