Railroad Shipping

By Jeff Berman · June 8, 2017
Entitled the “Rail Shipper Fairness Act,” the legislation is geared towards challenges rail shippers face along the lines of a need to reduce costs and improving rail service.
By LM Staff · June 2, 2017
Rail carloads increased 8% at 266,564, and intermodal container and trailer volume increased 5.4% to 281,359.
By LM Staff · May 26, 2017
Rail carloads rose 6.4%to 260,115, and intermodal container and trailer volume increased 4.6% annually to 274,807.
By LM Staff · May 5, 2017
Carloads saw an 8.4 percent, or 78,949 carloads, annual gain to 1,023,300, and intermodal containers and trailers rose 2.3 percent, or 23,448 units, compared to April 2016.
By Jeff Berman · April 5, 2017
These proposed rules, said the STB, implement Section 11 of the Surface Transportation Board Reauthorization Act of 2015, which required the STB to consider how procedures for expediting court litigation might be applied to rate cases.
By Jeff Berman · March 28, 2017
The Florida East Coast Railway (FEC) and GMéxico Transportes S.A. de C.V.(GMXT), the transportation unit of Mexico City, Mexico-based miner Grupo Mexico, announced that they have entered into an agreement in which GMXT will acquire FEC in an all-cash transaction, which is expected to close subject to satisfaction of closing conditions.
By Jeff Berman · March 6, 2017
Carloads were up 6.7 percent, or 65,141, to 1,044,040, and intermodal containers and trailers in February at 1,068,439, rose 1.8 percent, or 19,350 units, compared to February 2016.
By LM Staff · February 24, 2017
Carloads increased 7.6 percent annually to 263,620, and intermodal containers and trailers saw a 6 percent annual increase to 267,503.
By Jeff Berman · January 30, 2017
The rule, entitled “United States Rail Service Issues–Data Collection,” was issued late last year and requires all Class I railroads, as well as the Chicago Transportation Coordination Office, through its Class I members, to report certain service performance metrics to the STB on a weekly, semiannual, and occasional basis.
By Jeff Berman · January 19, 2017
Executive retires from position at Canadian Pacific, partners up with hedge fund investor to try and line up a senior management spot with CSX.
By Jeff Berman · December 19, 2016
While shipments were down, the report noted that it does not create a major cause for concern, with some degree of normal seasonality at work, coupled with Donald Broughton, the report’s author and transportation analyst at Avondale Partners, noting that on an industry and anecdotal basis market sentiment indicates there are daily reports of stronger shipment volume in almost all modes of freight transportation.
By Jeff Berman · December 9, 2016
For the month of November, the AAR reported that U.S. carloads were up 0.4 percent, or 5,406 carloads, at 1,319,008 for its first monthly annual increase in 22 months, going back to January 2015. This is a longer stretch of declines than a 19-month run of downward volumes that occurred during the Great Recession, the AAR said, adding that one factor behind the November increase was easier annual comparisons, coupled with how carloads did not see as much of an October to November decline as usual this year.
By Jeff Berman · December 6, 2016
A final rule was issued last week by the Surface Transportation Board, which will require all Class I railroads, as well as the Chicago Transportation Coordination Office, through its Class I members, to report certain service performance metrics to the STB on a weekly, semiannual, and occasional basis.
By Jeff Berman · November 29, 2016
Even though the rate of progress being made by railroads in implementing Positive Train Control (PTC) may be viewed as low, things appear to be heading in the right direction.

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