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Joanna Marsh

Joanna is a Washington, DC-based writer covering the freight railroad industry. She has worked for Argus Media as a contributing reporter for Argus Rail Business and as a market reporter for Argus Coal Daily.
May - 2021 -
03 May
Joanna Marsh

CN and Canadian Pacific vie for shippers’ and KCS shareholders’ favor

CN and Canadian Pacific continue to campaign for the hearts and votes of Kansas City Southern stakeholders and the Surface Transportation Board.

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Joanna Marsh

BNSF’s parent company responds to KCS merger activity

Executives with parent company Berkshire Hathaway expect BNSF to take steps to protect the railroad’s franchise as the merger between Kansas City Southern and one of the Canadian railways makes its way through regulatory review.

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Apr - 2021 -
30 April
Joanna Marsh

DronesWaves: From pharmaceuticals to pizza, how drone use could evolve

AgEagle CEO Michael Drozd discusses the kinds of situations in which drones will play a role in the short term — and how those roles will evolve in the longer term.

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Joanna Marsh

Rail Roundup: UP’s grain transload project, senators’ grade crossing bill

Union Pacific is constructing a grain transload facility at its intermodal terminal near Chicago, while two U.S. senators introduce bipartisan legislation to form a grant program that aims to reduce highway-rail grade crossings.

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29 April
Joanna Marsh

Biden nominates rail expert to Surface Transportation Board

The Biden administration has nominated Karen Hedlund to serve on the Surface Transportation Board.

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28 April
Joanna Marsh

Bracing for autonomous truck competition, Norfolk Southern maps out improvements

Norfolk Southern aims to add longer trains, improve car velocity and provide more technological tools for customers and for safety inspections, with an eye toward future competition with autonomous trucks.

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Joanna Marsh

Norfolk Southern achieves all-time quarterly operating ratio record

First-quarter operating ratio was 61.5%, compared with an adjusted operating ratio of 63.7% in the first quarter of 2020.

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Joanna Marsh

Is electrifying the freight rail network cost prohibitive?

The costs to electrify freight rail in the U.S., albeit expensive, extend beyond strictly capital costs to questions about electric grid reliability and how best to address decarbonization.

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27 April
Joanna Marsh

CN confident in market share take from trucking via KCS merger

CN outlined some scenarios in which a merged railway can compete with long-haul trucking.

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Joanna Marsh

AAR, Railinc and agricultural shippers create visibility portal

A portal to provide agricultural shippers with visibility for their covered hopper cars will help them conform to food safety transportation standards and prevent cross-contact with food allergens.

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26 April
Joanna Marsh

CN’s first-quarter net income slips nearly 4%

Canadian railway CN reported net profit of CA$974 million in the first quarter of 2021, a 3.7% decline from the first quarter of 2020.

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Joanna Marsh

CN to discuss merger with KCS, sends STB over 400 support letters

The Canadian railway CN and Kansas City Southern have agreed to talk about CN’s acquisition bid. Canadian Pacific, which has a competing offer, acknowledges the meeting. CN also submits letters of support from stakeholders to regulators.

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Joanna Marsh

Rail Roundup: OmniTRAX, G&W develop, expand partnerships

OmniTRAX is working with the River Ridge Development Authority of southern Indiana to develop real estate, while a Genesee & Wyoming subsidiary broadens its rail service agreement to include service to the Mason Mega Rail Terminal at the Port of Savannah.

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23 April
Joanna Marsh

Regulators say older merger rules apply to Kansas City Southern

The Surface Transportation Board has determined that a waiver that exempted Kansas City Southern from post-2001 merger rules governing rail mergers applies in the proposed merger between KCS and Canadian Pacific.

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Joanna Marsh

House Transportation Committee chair skeptical of rail merger offers

Rep. Peter DeFazio, D-Oregon, chair of the U.S. House Transportation and Infrastructure Committee, is concerned that efforts by rival Canadian railways to acquire Kansas City Southern could usher in more consolidations in the freight rail sector.

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22 April
Joanna Marsh

Union Pacific warns about downstream impacts of KCS merger

The Surface Transportation Board will need to scrutinize a proposed merger between Kansas City Southern and either Canadian Pacific or CN to ensure it doesn’t hurt the operations of competing railroads, Union Pacific’s head said on the company’s first-quarter earnings call.

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Joanna Marsh

NZCS chat recap: How should transportation companies respond to carbon markets?

Carbon markets expert and OPIS Director of Global Carbon Pricing Lisa Street chats with FreightWaves Editor-at-large John Kingston about how transportation companies can be involved in the carbon markets.

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Joanna Marsh

Union Pacific’s net profit slips 9% in first quarter

A 4% drop in operating revenue contributed to a 9% decline in net income for Union Pacific’s first quarter.

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Joanna Marsh

Canadian Pacific confident in KCS merger bid

For now, Canadian Pacific is not planning to take part in a bidding war with rival CN to acquire Kansas City Southern, saying that its offer is more likely to meet regulators’ litmus test for mergers.

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21 April
Joanna Marsh

Canadian Pacific first-quarter revenue slips 4%

Canadian Pacific’s revenue for the first quarter of 2021 dipped 4% to CA$1.96 billion.

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Joanna Marsh

CP, CN argue merger merits before Surface Transportation Board

Canadian Pacific and CN both filed letters to the Surface Transportation Board asking the panel to consider the merits of their competing requests to acquire Kansas City Southern.

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Joanna Marsh

CSX ready to handle volume growth, leaders say

CSX has capacity on its network, space on its trains and the workforce and locomotives it needs to handle an anticipated growth in service needs in 2021, according to company executives.

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20 April
Joanna Marsh

Canadian Pacific slams CN’s bid to acquire Kansas City Southern

CP, which is also seeking to acquire KCS, describes rival CN’s bid to acquire KCS as “massively complex and likely to fail” because it decreases competition.

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Joanna Marsh

CSX’s Q1 net profit falls 8% on higher expenses, revenue drop

CSX’s first-quarter net income fell 8% to $706 million from $770 million a year ago.

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Joanna Marsh

CN, Kansas City Southern merger would target competition from trucks

A merged CN and Kansas City Southern would compete against long-haul trucking for north-south intermodal opportunities, CN said Tuesday.

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Joanna Marsh

News Alert: CN makes nearly $34 billion bid for Kansas City Southern

Not to be outdone by rival Canadian Pacific, CN offers to acquire Kansas City Southern for $33.7 billion.

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19 April
Joanna Marsh

Union Pacific seeks to close Texas car repair facility

Union Pacific plans to close a car repair facility in Palestine, Texas, which could result in the layoffs of as many as 57 employees.

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18 April
Joanna Marsh

What is operating ratio?

This AskWaves column explains why investors and other transportation stakeholders look at operating ratio as a way to gauge a company’s financial health.

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16 April
Joanna Marsh

Kansas City Southern bullish on late-2021 volumes

Kansas City Southern expects to maintain its financial targets for 2021 on a recovering economy and an anticipated volume rebound. It declined to comment on post-merger operational changes.

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Joanna Marsh

Kansas City Southern Q1 net profit flattish on 4% revenue decline

Kansas City Southern’s net income for the first quarter of 2021 rose 0.7% despite a 4% decline in revenue and a 1% drop in carload volumes.

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15 April
Joanna Marsh

US rail traffic jumps 25% year-over-year but is flat from prior week

U.S. weekly rail volumes were 24.5% higher last week, although last year’s figures reflect the volume downturn that occurred at the start of the COVID-19 pandemic.

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14 April
Joanna Marsh

Justice Department, CP and KCS spar over rail merger process

The U.S. Department of Justice raised concerns about how Canadian Pacific and Kansas City Southern are using a voting trust to facilitate their proposed merger. The two railroads respond.

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13 April
Joanna Marsh

Rail service disruptions may be ‘flashpoint’ in CP-KCS merger proposal: Consultant

Potential service disruptions from the proposed Canadian Pacific-Kansas City Southern merger could be a key issue explored by regulators reviewing the merger, FTR says. The consulting firm also projects favorable market conditions for intermodal rail and carloads in 2021 and into 2022.

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12 April
Joanna Marsh

CP, KCS send regulators scores of additional letters backing rail merger

Canadian Pacific and Kansas City Southern provided the Surface Transportation Board 75 more letters explaining why their proposed merger should be approved.

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Joanna Marsh

NTSB investigates death of BNSF conductor in Missouri

National Transportation Safety Board investigators will look into what led to the death of a 24-year veteran of BNSF at a customer facility in Missouri.

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09 April
Joanna Marsh

Shippers embrace STB’s demurrage billing rule

The Surface Transportation Board’s final rule on what information should be included in a demurrage billing statement provides transparency and accountability in a process shippers sometimes see as opaque.

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08 April
Joanna Marsh

March US rail volumes up 14% amid uneven year-over-year comparisons

U.S. rail traffic rose 14% in March amid higher grain and intermodal volumes. But some commodities are also reflecting uneven year-over-year comparisons because of the pandemic-induced volume downturn that began in late March 2020.

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07 April
Joanna Marsh

Greenbrier optimistic for back-half recovery

Railcar manufacturer Greenbrier expects economic conditions and the rail market to improve in the second half of the year and that optimism is starting to be reflected in higher inquiry activity.

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Joanna Marsh

EFS chat recap: Managing private fleets during challenging times

Brent Bergevin, vice president of transportation at Love’s Travel Stops & Country Stores, chats with FreightWaves’ Zach Strickland about how Love’s handled market challenges over the last 12 months, from the COVID-19 pandemic to February’s severe winter weather.

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06 April
Joanna Marsh

STB to require ‘certain minimum information’ on demurrage invoices

The Surface Transportation Board defines what billing information should be included in demurrage invoices to rail users as a means to provide more transparency.

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Joanna Marsh

More shippers voice support of CP-KCS merger

Canadian Pacific submitted to the Surface Transportation Board 45 more letters of support from shippers and other stakeholders for the proposed merger of CP and Kansas City Southern.

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Joanna Marsh

March another record grain volumes month for CN

CN beat its previous March record of 2.74 million metric tons set in 2020, moving 2.95 million metric tons last month.

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Joanna Marsh

Technology plays key role in decarbonizing freight rail: Wabtec exec

Wabtec’s chief technology officer chats with FreightWaves about ways technology can help the freight rail industry decarbonize.

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02 April
Joanna Marsh

Shippers, 4 Class I railroads press for STB scrutiny of CP-KCS merger

Two rail shipper coalition groups and four Class I railroads want the Surface Transportation Board to review Canadian Pacific’s proposed acquisition of Kansas City Southern under “new” rules that gauge whether a merger would enhance market competition.

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Joanna Marsh

US freight rail market eyes consumer uplift

The pandemic-induced volume downturn from last year is making year-over-year comparisons inflated. However, strength in the consumer economy could support rail volumes.

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01 April
Joanna Marsh

Rail stakeholders see promise and peril in Biden infrastructure push

Freight rail associations and shippers praise President Joe Biden’s efforts to modernize U.S. transportation infrastructure, but some are worried about how to foot the costs. Also, congressional leaders introduce bills on railcar recycling, highway grade crossings, and loans for rail and intermodal facilities.

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Joanna Marsh

Nearly 260 entities lend support to proposed CP-KCS merger

Canadian Pacific has submitted a 531-page filing to the Surface Transportation Board that includes letters from 259 entities supporting the proposed acquisition of Kansas City Southern.

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Mar - 2021 -
31 March
Joanna Marsh

CSX, Amtrak and Virginia formalize public-private partnership

The $3.7 billion partnership calls for the construction of a $1.9 billion passenger rail bridge that would relieve traffic from the Long Bridge.

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30 March
Joanna Marsh

Watco to take over CN’s noncore operations in Ontario, Upper Midwest

CN is selling its noncore assets in southern Ontario, Michigan’s Upper Peninsula and Wisconsin to Watco.

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Joanna Marsh

Port of Savannah container capacity lift gets go-ahead

The Georgia Ports Authority has approved projects to increase the annual container capacity at the Port of Savannah to over 6 million TEUs from the existing 4.7 million TEUs.

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Joanna Marsh

Headcount among US Class I railroads up slightly in February

Employment totals for the U.S. operations of the Class I railroads were flat to higher between January and February, rising 0.5%. But headcount was down nearly 11% year-over-year. Also, rail union BMWED is monitoring CP’s proposed merger with KCS.

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29 March
Joanna Marsh

Rail Roundup: VIP Rail, Procor and Navis streamlining services

VIP Rail and Procor announce partnership that provides Procor’s railcar repair and cleaning services to VIP Rail customers in Ontario, while Navis Rail develops a workforce management system.

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26 March
Joanna Marsh

Canadian grain shippers still see hiccups in rail service

February rail service issues are still being felt in March, raising concerns about the Canadian rail network’s ability to handle increased grain volumes in future years.

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Joanna Marsh

FreightCar America eyes improving opportunities in 2021

An anticipated increase in North American rail traffic, coupled with FreightCar America’s move of its manufacturing to Mexico, should provide support to the company in 2021, executives said.

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25 March
Joanna Marsh

Savage Services, UP bringing intermodal rail service to Idaho

Union Pacific and logistics company Savage Services are constructing Idaho’s first-ever intermodal terminal at UP’s rail yard in Pocatello.

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Joanna Marsh

STB tells CSX to refile application to acquire Pan Am Railways

CSX must again file its plans to acquire New England short line Pan Am Railways as a “significant” transaction.

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24 March
Joanna Marsh

3PL Summit: Nolan Transportation president on takeaways from pandemic

Nolan Transportation Group President Geoff Kelley chats with FreightWaves Chief Strategy Officer JT Engstrom about how the logistics industry can move forward with lessons learned from the COVID-19 pandemic.

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Joanna Marsh

5 Wall Street impressions about proposed CP-KCS merger

Canadian Pacific wants to acquire Kansas City Southern. Here are five thoughts from Wall Street transportation analysts about the transaction.

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23 March
Joanna Marsh

Surface Transportation Board chair weighs in on proposed mergers

STB Chair Marty Oberman shares the board’s views on two proposed acquisitions: CSX’s acquisition of New England short line Pan Am Railways and Canadian Pacific’s merger with Kansas City Southern.

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Joanna Marsh

Wabtec acquires rail equipment manufacturer Nordco

Rail technology provider Wabtec plans to acquire Nordco as Wabtec eyes the railcar mover market and the technologies associated with it.

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Joanna Marsh

Class I railroads outline 2021 projections, February weather impacts

The publicly traded Class I railroads expect rail volumes to improve this year despite severe winter weather curtailing operations in February.

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21 March
Joanna Marsh

Railroad megamerger could be boon for shippers

Canadian Pacific and Kansas City Southern executives outline the benefits and the rationale behind CP’s proposed acquisition of KCS.

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Joanna Marsh

Canadian Pacific intends to acquire Kansas City Southern for $29B

Canadian railway Canadian Pacific plans to merge with Kansas City Southern in a deal worth $29 billion.

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19 March
Joanna Marsh

Vermont short line: CSX acquiring Pan Am Railways could hurt competition

Short line operator Vermont Rail System and legislators from Vermont and Massachusetts question how CSX and Norfolk Southern would handle joint ownership of Pan Am Southern because it would involve a competing short line railroad

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Joanna Marsh

Amtrak takes fight for Mobile-New Orleans passenger service to STB

Amtrak wants to establish passenger rail service between Mobile, Alabama, and New Orleans, but CSX, Norfolk Southern and the Port of Mobile have some reservations. Amtrak has filed a petition with the Surface Transportation Board to turn its plan into fruition.

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18 March
Joanna Marsh

Could battery-electric locomotives become mainstream?

Wabtec, short line operator Genesee & Wyoming and Carnegie Mellon aim to establish public-private institute that would research, demonstrate and commercialize advanced freight rail technology.

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Joanna Marsh

Weekly US intermodal traffic jumps 22%

U.S. intermodal traffic on a weekly basis continues to show strength, rising last week by 22%, according to the Association of American Railroads. The increase comes amid higher U.S. retail sales in February year-over-year, despite a sequential decline.

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17 March
Joanna Marsh

Nevada says push for freight rail not an attack on trucking

Nevada’s 2021 rail plan lays out how the state can leverage freight rail more often and utilize existing infrastructure in light of nearshoring and emissions reductions opportunities.

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13 March
Joanna Marsh

USDA: More wheat to go west this spring

Changes in export volumes for certain types of wheat may be reflected in changes in freight flows, according to reports from the U.S. Department of Agriculture.

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12 March
Joanna Marsh

House hearing witnesses argue rail more relevant to economy than ever

Witnesses at a U.S. House hearing on Wednesday stressed the need for a multimodal approach in federal support of the railroads, citing freight rail’s connection with both rural, inland towns and coastal ports.

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11 March
Joanna Marsh

Canada issues orders to prevent parked rolling stock from rolling

A February incident involving an Ontario train derailment led Canada’s Ministry of Transport to issue two orders aimed at preventing the uncontrolled movement of rail equipment.

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Joanna Marsh

International intermodal traffic climbs amid import boom

International intermodal volumes for the U.S. have risen 44% year-over-year, according to FreightWaves SONAR, amid higher import activity.

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10 March
Joanna Marsh

Evolve: Sourcewater leads upstream firms down to the waterside

Sourcewater founder Josh Adler chats with Ancova co-founder Max Gagliardi about Sourcewater’s origins and its current role of helping upstream companies find water resources and frac ponds through big data and satellite imagery.

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Joanna Marsh

Evolve: Geosite helps companies analyze greenhouse gas emissions

Geosite’s energy lead Jeff Williams describes how his company fuses together data from various sources to enable energy clients to glean an informed perspective on their greenhouse gas emissions output.

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09 March
Joanna Marsh

Rail Roundup: TTCI scope and rail-shipper council membership expand

Transportation Technology Center Inc. is undergoing a management change that would enable the group to expand work to multiple sites, while the Surface Transportation Board appoints two short line railroad representatives to the Railroad-Shipper Transportation Advisory Council. Also, a Manitoba transload facility at the U.S.-Canadian border seeks customers.

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Joanna Marsh

No cause determined in Union Pacific employee death

The National Transportation Safety Board’s preliminary report describes the events leading up to the incident in Vail, Arizona, that killed a Union Pacific employee.

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05 March
Joanna Marsh

US intermodal traffic recovers from severe winter weather

U.S. weekly intermodal volumes moved higher last week amid support from retail and e-commerce, while carloads slumped as some U.S. Gulf Coast facilities seek to fully return to normal following February’s winter storm.

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04 March
Joanna Marsh

NTSB to investigate fatality at BNSF rail yard in Southern California

Three investigators will try to determine what caused the death of a BNSF worker on Wednesday at a rail yard near Los Angeles.

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Joanna Marsh

ContainerPort Group sells container yard, depot division to ITS ConGlobal

Drayage trucking and logistics company ContainerPort sold its container yard and depot division to ITS ConGlobal, a company with intermodal, finished vehicle and depot service terminals.

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03 March
Joanna Marsh

February another record month for CN grain shipments

For the 12th consecutive month, CN hauled a record amount of Canadian grain.

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Joanna Marsh

Technology’s long, and likely continuing, impact on freight rail headcount

Adoption of technology has influenced U.S. Class I railroads’ staffing. Will additional technological innovation cut headcount even more, or will other factors have greater weight?

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02 March
Joanna Marsh

GSCW chat recap: Contract challenges as ocean carriers gain upper hand

Ocean Audit CEO Steve Ferreira chats with Vanguard Logistics Services Vice President Stephanie Loomis about what importers and beneficial cargo owners can expect as they undergo contract negotiations with the ocean carriers this year.

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Joanna Marsh

GSCW chat recap: Ensuring data trustworthiness, social integrity in supply chain

Verifai founder and CEO Jonathan Kempe chats with cybersecurity expert Rich Mason and supply chain expert Amy Broglin-Peterson on how and why companies should aim for data trustworthiness and become knowledgeable about the ethics guiding their supply chain partners.

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01 March
Joanna Marsh

BNSF’s fourth-quarter 2020 net profit up 5%

Lower fuel expenses helped privately held BNSF’s net income grow by 5% in the fourth quarter of 2020.

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Joanna Marsh

CSX seeks STB approval of Pan Am Railways acquisition

Eastern U.S. railroad CSX (NASDAQ: CSX) has started the regulatory process to acquire New England short line operator Pan Am Railways in a move that CSX hopes will strengthen its […]

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Feb - 2021 -
25 February
Joanna Marsh

Winter weather wallops US rail traffic

The extreme cold and heavy snow dampened U.S. rail volumes last week.

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24 February
Joanna Marsh

Trinity Industries eyes better market conditions in second half of 2021

Although market conditions are improving for Trinity Industries (NYSE: TRN), the railcar lessor and rail equipment manufacturer anticipates persistent headwinds through the first half of 2021 as prospective customers take […]

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Joanna Marsh

GSCW chat recap: Collaboration enhances supply chain visibility

FourKites’ Glenn Koepke discusses how and why collaboration among retailers, transportation providers and brokers enhances supply chain visibility.

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Joanna Marsh

US Circuit Court rejects FRA’s actions on train crew size

A U.S. Circuit Court of Appeals ruling Tuesday vacated the Federal Railroad Administration’s May 2019 order on train crew size, saying the agency didn’t conduct an adequate public review prior to the order.

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23 February
Joanna Marsh

Discussions among railroads to be allowed as evidence in price-fixing lawsuits

Communications between the railroads about fuel surcharges can be included in legal proceedings pertaining to alleged price fixing that occurred in the early 2000s, a federal judge ruled Friday.

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Joanna Marsh

GSCW chat recap: NRF’s Gold talks port congestion impact on retail

National Retail Federation’s Jon Gold and CNBC’s Lori Ann LaRocco discuss the impact of empty containers and port congestion and how retailers can protect themselves from future supply chain vulnerabilities.

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22 February
Joanna Marsh

GSCW chat recap: Javid business development VP on operating in Mexico

Javid’s Joshua Rubin talks with FreightWaves’ Noi Mahoney about the advantages shelter companies can provide in helping companies set up manufacturing operations in Mexico.

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Joanna Marsh

US Class I rail headcount sinks to near decade low

U.S. Class I rail headcount totaled 113,461 employees in January.

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Joanna Marsh

Canadian government revises freight rail safety rules

The revised rules under the Railway Safety Act address winter operations of higher-risk key trains.

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20 February
Joanna Marsh

OSHA cites TrinityRail for 2 August deaths at Oklahoma facility

Two workers died after entering a tank car that carried natural gasoline at a TrinityRail facility in Oklahoma, according to OSHA. TrinityRail disagrees with OSHA’s findings.

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19 February
Joanna Marsh

Norfolk Southern abandons plans for Atlanta site with ‘painful legacy’

The railroad says it will no longer build a rail transfer facility after the City of Atlanta raised objections to the Surface Transportation Board because of the site’s historical and cultural significance.

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Joanna Marsh

Railroads grapple with delays as intermodal terminals open

U.S. Class I rail operations are seeking to return to normal, with intermodal terminals opening in the central and western U.S. But the overall network is experiencing delays in multiple locations.

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18 February
Joanna Marsh

Wabtec sees a future producing battery electric locomotives

Prospective North American and international customers are inquiring about Wabtec’s battery electric, heavy-haul locomotive, which is undergoing advanced tests with BNSF. The company reported its fourth-quarter results on Thursday.

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Joanna Marsh

Rail Roundup: FreightCar America names new CFO; US rail volumes flat

FreightCar America makes Terry Rogers its permanent CFO, the Association of American Railroads reports weekly U.S. rail volumes rose 0.3% year-over-year, and The Broe Group updates its progress on a Savannah, Georgia-area industrial park.

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