Rail & Intermodal
Despite solid revenue growth in the second quarter, Canadian National Railway says it’s facing a capacity problem, particularly at Canadian seaports, that’s forcing Canada’s largest railroad to temporarily turn away business.
Mexico’s manufacturing growth could push Kansas City Southern to new heights in the near future, according to analysts.
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.
After seeing “substandard” intermodal rail service cut its container utilization in the second quarter, the Hub Group expects gradual service improvement from its main partners...
Canadian Pacific Railway said it will likely increase domestic intermodal volume on a double-digit basis over the next couple years after seeing 53-foot container volume rocket 18 percent year-over-year in the second quarter.
Port Everglades’ new intermodal transfer facility is up and running, and officials are hoping it will keep the Florida port competitive with other destinations in the Southeast.
CSX Transportation said service, encompassing both intermodal and carload services, has normalized after a surge of freight but admitted it is working to restore service to a “level customers have come to expect” by adding locomotives and train crews and building track capacity.
Following slower intermodal train speeds and rail service disruptions that hampered volume growth in the second quarter, J.B. Hunt Transport Services has lowered its expectations...
Kansas City Southern Railway appears to be on track to grab business generated by BMW’s planned $1 billion plant in Mexico.
The pace of North American intermodal volume growth in the second quarter more than tripled from the prior quarter...