Rail & Intermodal
The average amount intermodal providers charged customers for shipping a U.S. intermodal unit declined last month on a year-over-year basis, the first time since January 2013.
Florida East Coast Railway has acquired 500 new 53-foot containers and 100 chassis, as well as 50 refrigerated trailers to cater to customers in the perishables market. All of the units will be in service by mid-October.
Class I railroads plan to add locomotives and train crews to their networks in an effort to improve service in the "strongest fall peak in recent years."
Shanghai may be the busiest container port in the world, but almost half the boxes that cross its wharves every year are first carried down the mighty Yangtze River from manufacturing hubs deep inland.
The volume of intermodal units moving on U.S. railroads last week reached a record high for the railroad industry, according to the Association of American Railroads, furthering signs that the peak season is starting for intermodal shippers as the ocean peak recedes.
The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014.
Norfolk Southern Railway doesn’t expect rail service to start getting back to normal levels until the end of March 2015, with most customers not seeing any improvement until November 2014.
Florida East Coast Railway launched at 53-foot domestic container service two weeks ago, giving North Carolina shippers a new option to ship goods to South Florida for either domestic consumption or to transload for export.
BNSF Railway is spending billions of dollars to double-track key segments of its northern tier route, purchase equipment and hire additional crew, but a company executive told grain shippers this week it could take two to three years for the investments to produce all of the results they are looking for.
Canadian National Railway faces a fine from the Canadian government after failing to obey Ottawa’s order to move a minimum amount of grain weekly.