Rail & Intermodal
Canadian National Railway is buying more refrigerated intermodal equipment as the prospect of tighter regulation of food supply chains poses a challenge for shippers.
State-owned rail operator Container Corporation of India reported an 11.5 percent increase in consolidated net earnings in fiscal year 2014-15, which ended March 31, on the back of strong volume gains from its core international freight hauling activity.
Reports from New Delhi said train operations were returning to normal Friday following the end of week-long protests by ethnic Gujjars in the state of Rajasthan.
Civil unrest in parts of India is causing rail freight traffic chaos in the country’s busiest northern corridor linking hinterland points around Delhi and major gateway ports on the west coast, including the largest port of Nhava Sheva.
U.S. shippers’ expectations for freight growth has dropped to its lowest levels in nearly five years, according to a recent survey.
Chinese Premier Li Keqiang this week visited Brazil and other South American countries and offered to spend billions of dollars on major infrastructure projects, including in the ports and railroad sectors.
Norfolk Southern has announced changes in management responsibilities in its intermodal department, with expanded roles for Jeffrey S. Heller and Cary G. Booth.
Temporary duties placed on Chinese 53-foot domestic dry containers will be refunded after a U.S. trade commission ruled earlier this week that Chinese manufacturers did not have an unfair advantage over their North American competitors.
Contract truckload rates are defying economic gravity, rising in April when truck tonnage and spot market rates slipped. The cause: capacity. Shippers apparently are willing to pay more to secure it for the long-term.
German locomotive drivers on Thursday called off their latest strike —the ninth in 10 months – and agreed to refer their dispute with Deutsche Bahn, the state-owned railway company, to arbitration.