Rail & Intermodal
The Port of Virginia said Wednesday that a hold is still in place on all export intermodal rail traffic at its Norfolk International Terminals as the port continues to cope with significant rail volume at the facility.
Anticipating significant growth in freight traffic, the government of India will allow state-owned Railways to create a new arm to provide end-to-end logistics solutions.
Intermodal rail carrier Tiger Cool Express recently added 35 temperature-controlled intermodal containers to its fleet.
Norfolk Southern Railway company president Jim Squires will succeed Wick Moorman as CEO of the fourth largest railway in the U.S. in three months.
BNSF Railway plans to invest $103 million in its Kansas rail operations and an intermodal logistics center southwest of Kansas City.
China’s train to Spain arrived in the city of Yiwu this week after completing the world’s longest rail route, and while the journey has been billed as a “success” by its operator, there is little information on the actual economics of the rail option to Europe.
Genesse & Wyoming has agreed to acquire 95 percent of the shares of Freightliner, the UK’s second largest rail freight company, in a £490 million ($760 million) deal that significantly expands the US rail operator’s European footprint.
North American intermodal volumes plummeted as U.S. West Coast port congestion came to a head last week before union and waterfront officials at last brokered a deal Friday evening.
Shippers can expect domestic intermodal rates to spike within the next month as U.S. West Coast ports regain productivity and shippers rush to move containers long-delayed by labor contract negotiations, an intermodal pricing index provider said Tuesday.
Truckload rates rose 7.9 percent from a year ago in January, gaining on December, while intermodal pricing dropped for the first time since 2013, Cass Information Systems said.