Outlook for the Class I rail industry in 2016 varies from cautiously optimistic to downright grim. Even though intermodal service has generally improved, the railroads are finding competition from the trucking sector — for domestic loads and marine containers — as fierce as ever.
XPO Logistics will not sell its truckload division, but use the former Con-way Truckload to increase its U.S.-Mexico cross-border business.
Container lines, at least in the U.S., are starting to take forceful action to prepare for the Safety of Life at Sea, or SOLAS, weight verification rule.
The Agriculture Transportation Coalition said a new international container weight verification rule threatens U.S. exporters with lost business and supply chain “turmoil,” and warrants a congressional inquiry.
Containerized imports at U.S. ports are projected to increase by double digits in January and February compared to the same months last year, when dozens of vessels were stranded outside of West Coast ports due to labor problems.
Canadian Pacific Railway said Tuesday it plans to submit a resolution asking Norfolk Southern Railway shareholders request their board of directors engage in “good faith discussions” with CP regarding its proposed merger, the newest approach after the Calgary-based company has been rebuffed three times.
A dozen tugboats pulled a mega-ship out of the mud of the Elbe River so that it could call at the Port of Hamburg, illustrating the pressure such gargantuan ships place on ports and rescue crews.
A 10 percent increase in traffic at Itapoá port to 512,000 twenty-foot-equivalent units driven by a 25 percent surge in chicken exports to 41,200 containers in 2015 has left Itapoá in dire need of new equipment and more capacity.
The Panama Canal cast fresh doubt on the planned Nicaragua canal on Monday, saying there isn’t enough cargo to support two canals, that the price tag is far above what Nicaragua says it will cost and that necessary tolls to pay for it would need to three times what the Panama Canal charges today.
Container throughput at India’s major public ports was up 2.21 percent year-over-year in the first 10 months of fiscal year 2015-16, but the growth would have been slightly higher if the largest container handler, Jawaharlal Nehru Port Trust, hadn’t faced slowdowns due to prolonged industrial unrest at the DP World facility in the harbor last month.
U.S. Customs and Border Protection announced Monday it will be taking “a staggered approach” to the rollout of its “single window” initiative, after many said they simply weren’t ready for the new system.
Electrification of container terminals is hugely expensive, but for large ports such as Los Angeles, Long Beach and Oakland, it may be the only way to handle growing cargo volumes in a sustainable manner, the vice president of the Pacific Merchant Shipping Association said Monday.
Saia was unable to ride pricing discipline to increased profitability in the fourth quarter as volume declines, which have hit other less-than-truckload operators, proved too much to overcome for the tenth-largest U.S. LTL carrier.