Commentary: Are fewer railroad freight cars on the horizon?
Jim Blaze explores whether the Class 1 railroads are downsizing their railcar fleets.
Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Kansas City and Canadian National Railway.
Keep up with the latest news, trends and reports concerning rail freight transport here!
Jim Blaze explores whether the Class 1 railroads are downsizing their railcar fleets.
When responding to requests for proposals in the contract bidding process, rail and intermodal service providers should tout not only their competitive pricing but why shippers should diversify their modal options.
The federal agency issues the order following a fiery derailment of a Canadian Pacific crude train.
Full year net income set a record; CEO speaks highly of rail operations
January was a record month for grain volumes for CP.
Authorities evacuate town of Guernsey, Saskatchewan, and close five-mile stretch of key Western Canada highway after morning accident involving CP train.
Trade uncertainties, softness in the manufacturing sector contributed to lower rail volumes in January.
Jim Blaze writes about the long, slow decline of coal as the key commodity for railroads, and whether plastics might replace the lost volume.
The railroad is reducing its capital expenditures budget for this year, but it will allocate more funding toward replacing and upgrading network infrastructure.
The acquisition will expand Regional Rail’s short line operations into North Carolina.
Members overwhelmingly ratified the agreement with Canadian National. The collective agreement will last through July 2022.
Lawmakers in Missouri, New York, Virginia and Wyoming introduce legislation to require freight trains to have a minimum crew size.
FreightWaves SONAR has new information for subscribers.
A short line acquisition in Atlantic Canada and enhanced crude oil production in western Canada could boost rail volumes in the coming years, executive said.
The drop comes as the Class I railroads look to the second half of 2020 for volume growth.
Union Pacific opens lanes, while Norfolk Southern talks lane opportunities to take market share from trucks.
Moscow-based Grand Service Express began offering service to the Russian-occupied Crimean Peninsula in December.
Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.
Railroad giant Norfolk Southern Corp.’s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said. Norfolk Southern (NYSE: NSC) reported its operating and financial results for the […]
Revenue gains for grain, energy, chemicals and plastics provide boost.
The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.
The railway and the rail union respond to a CBC documentary about a fatal February 2019 train accident.
The railroad eyes slight volume growth in 2020 amid plans for longer trains and reduced headcount.
Spare aircraft engine dispositions stave off weakened demand for railcars in North America.
Year-to-date U.S. rail traffic is 7.8% lower compared with the same period in 2019.
Employment levels at the U.S. operations of the Class I railroads hit their lowest point in years, according to data from the Surface Transportation Board.
Net income falls in the fourth quarter amid a decline in operating revenue and a decrease in rail volumes.
Geopolitical tides, e-commerce and technology are today’s “disruptors” in freight transportation, say panelists at Transportation Research Board convention.
Railroad expert Jim Blaze writes about coal, a key commodity hauled by rail. The amount of coal being hauled by rail is declining. Why? And what does the future hold?
Organizations may lobby Parliament to declare rail service an essential service so that access remains available during events such as labor strikes.
Kansas City Southern can attribute its growth in cross-border traffic to a former president, a Railway Age essay says.
The latest features in SONAR 5.0 make it the most future-focused version to date.
Service improvements will help grow rail volumes and revenue, the company said during its fourth-quarter earnings call Friday.
Jim Blaze explores the decline of railroad freight volume and what may happen going forward.
Coal declines and a still sluggish industrial economy could put pressure on revenue this year. Still, CSX sees upside potential for intermodal and merchandise volumes.
Net profit for Kansas City Southern (NYSE: KSU) slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and […]
Los Angeles port signals efficiency gains as the third-largest container alliance plans additional SE Asia stops.
Net earnings fell 8.5% in the fourth quarter of 2019 compared with the same period a year ago.
Darren Prokop explains why Positive Train Control – a positive safety measure for “Lower 48” railroads – doesn’t make sense for the Alaska Railroad.
U.S. carloads and intermodal units are down year to date from the same period in 2019.
Improving rail volumes and service are among the crucial issues to look out for as the railroads reveal their 2020 guidance in the coming days.
Jim Blaze profiles TTX, a company that is essential to the railroad industry.
The rail equipment manufacturer and lessor has tapped a Caterpillar executive and Trinity board member to head the company.
Technology will have a key role, but how will shippers and labor benefit from the railroads’ high-tech initiatives, panel asks.
The Denver-based short line operator promotes from within for the new roles.
The bill would prohibit the transport of crude oil via rail if the Reid vapor pressure of the crude oil exceeds 9.5 pounds per square inch.
We gear up this week with a man charged on Thursday with shooting a truck driver on I-269 outside Memphis, Tennessee, after an in-cab video captured the suspected killer. Violence […]
The Containerization & Intermodal Institute, EROAD and Great Lakes Dredge & Dock announce board appointments.
Two Norfolk Southern-owned or -operated rail facilities in West Virginia and Virginia have been impacted by closure and layoffs.
Railway Age reports industry veteran will lead the RSI Equipment Leasing Committee.
The principles of Environmental/Social/Governance are going to be a factor in the future, according to Morgan Stanley
The transport of cargo from China to Europe by sea is likely to remain more important than Eurasian railway routes, says the CEO of the German forwarder DACHSER.
Buttigieg proposal part of candidate’s $1 trillion infrastructure plan.
OmniTRAX and R.J. Corman seek to cultivate customer relations with recent appointments.
The railway will work with NorFalco Sales, a division of Glencore Canada, to handle sulfuric acid volumes at facilities in Ontario and Quebec.
Road, rail, port environmental permits to be completed in two years.
Association of American Railroads reports volumes continue to run lower than a year ago.
Companies from Amazon to Zulily agree to help Customs and Border Protection figure out how to identify and target high-risk shipments.
Jim Blaze writes about the key messages he extrapolated about railroading in 2019.
Precision Scheduled Railroading, or PSR, is the operational method of running a railroad for maximum asset utilization by which freight movements are scheduled and managed on the individual carload (rather than entire train level). That contributes to efficiency improvements by, for instance, using more direct point-to-point routing, bypassing classification terminals, and having the flexibility to use long mixed-commodity trains.
Wabtec says the $29 million acquisition of RELCO will expand its freight services offerings.
A U.S. judicial panel will hold a hearing in late January that will take up defendant Class I railroads’ request to move legal proceedings on fuel surcharge price fixing to one court.
Railcar manufacturer says deliveries fell off from a record sequential quarter.
During the third quarter of 2019, the number of train robberies in Mexico rose 13% compared with the previous quarter, according to data compiled by Mexico’s Railway Transport Regulatory Agency […]
Drop in imports and exports in November occurred as Canadian National network’s capacity declined by 90% amid an eight-day rail worker strike.
New hopper cars and a high-efficiency train model at some elevators help boost volumes.
U.S. rail volumes fell 5% in 2019 amid trade worries, a sluggish industrial economy and a significant drop in coal carloads.
Private equity firm Paceline acquires a maintenance-of-way equipment lessor from Progress Rail, a Caterpillar subsidiary.
Despite a tough 2019 market, shippers face increasing price volatility around intermodal drayage as rail becomes more cost competitive compared with over-the-road trucking. Last year was one that intermodal marketing […]
Good day, Hydrogen fuel cell trucks are making inroads at California ports and now the state is planning the nation’s first zero-emission “hydrail” project, Forbes magazine reports. The nine-mile line […]
The railway announced plans to acquire the Central Maine & Quebec Railway in November.
Two industry groups have announced a program to prevent the accidental release of pre-production plastic pellets.
Rail intermodal is the transportation method of moving freight on the earth’s surface by two modes, by railroad and also by truck. The freight can be carried in either trailers or containers; containers has become the larger and faster-growing category. The freight is moved on a railroad during the long-haul portion of the move with local trucking (known as drayage) taking the trailer or container to its final destination.
Lower rail volumes, an active Surface Transportation Board and a strike were among the key events that the U.S. and Canadian freight rail industry experienced this year.
A portfolio of acquisitions culminates in a large sale. Genesee and Wyoming announces that the sale of the company has been completed.
The U.S. operations of the Class I railroads continue to shed employees.
Railroads are the most efficient transportation mode for moving goods on the earth’s surface. Railroads are of particular importance for the movement of commodities that heavy and moved in bulk over long distances where the transportation spend represents a large portion of the total delivered cost.
Trump administration seeks industry comment on Obama-era transportation document.
The volume drop has created ripple effects, including some lower railcar leasing rates.
The Federal Railroad Administration hopes to collect data on blocked rail crossings from the public and law enforcement.
Jim Blaze writes about the potential of short-haul intermodal traffic on the North American Class 1 railroads.
Ores and wastes are arguably the two most important materials transported in the nuclear cycle. FreightWaves asks how they are shipped. The answer is: carefully.
Kansas City Southern and Canadian Pacific deliver goodwill to local communities along portions of their rail networks.
Private equity firms are likely to continue M&As in freight rail industry next year and beyond, observers say.
The agency has issued two new notices of proposed rulemakings that it says would promote safety innovation and reduce unnecessary regulatory burdens.
CSX and passenger and commuter rail share the same railroad track between Washington, D.C. and Richmond. Investments to the corridor south of Washington, D.C. would change that.
Jim Blaze writes about the financial issues inherent in an Alaska-to-Alberta rail route.
Canadian National reports operations have returned to “normalized” levels after an eight-day work stoppage.
Action averts government shutdown, funds key infrastructure programs.
The continued dip in rail volumes comes as North American freight rail groups press for trade pact.
Market Expert Michael Baudendistel writes about rail intermodal volume is lower for the long-term, or can it be more competitive with trucking.
Railroad market voice Jim Blaze writes about technological advances that are making railroads’ capital expenditures on infrastructure more efficient.
The loans would enable short line railroads to pay for rehabilitation projects.
The funding includes $14.4 million to support CSX’s double-stacking efforts near the Port of Philadelphia.
The European Green Deal is looking to shift 75% of EU freight traffic from road to rail and reduce greenhouse gas emissions by 90% by 2050.
The next step is achieving full interoperability with other railroads.
Proposal providing relief for shippers could be rolled out next year.
Accident in Saskatchewan causes 1.5 million-liter crude oil spill.
Stakeholders address the Surface Transportation Board, which is mulling over whether it should change the way it defines revenue adequacy.
Canadian National’s grain shipments gain momentum with eight-day strike in the rearview.