Rail & Intermodal

FESCO, one of Russia’s largest privately-owned transportation and logistics companies, posted significant declines in container volumes in the first half but believes that its future is bright.

By snapping up the remaining shares of Van Dieren Sweden, multimodal logistics operator Samskip aims to strengthen its European intermodal rail links and gain business from shippers.

Transcontainer, Russia’s leading intermodal freight transporter, saw its revenue plummet 64 percent in the first half to $15 million, compared to $41.4 million in the first-half of 2014, as the decline in Russian trade makes itself felt in companies’ bottom lines.

As peak season nears, U.S. domestic intermodal spot rates last month fell to their lowest point since September 2012, a result of intense competition from the over-the-road sector and weaker than usual demand, according to third-party logistics provider IDS.

South Florida ports are readying themselves for gale force winds and a downpour of rain as Tropical Storm Erika prepares to make landfall in the Sunshine State this Monday.

Russian railway monopoly RZD plans to build a $30 million inland hub aimed at reducing congestion at the nearby St. Petersburg port and handling transshipped cargo from the country’s largest container gateway.

Last week U.S. intermodal volume growth hit its fastest pace in roughly two months.

China and Kazakhstan are working to more than double containerized rail traffic bound for Europe via the launch of the Trans-Caspian international transport route connecting China, Kazakhstan, Azerbaijan, Georgia and Turkey.

U.S. retailers and manufacturers are slicing into inventories they built up during the West Coast port labor dispute, contributing to what's reported to be a softer third-quarter freight market. Stronger consumer spending may help shippers balance inventories as peak season demand picks up.

Despite flatlining train speeds and persisting service issues, U.S. intermodal volumes have increased to their highest level in more than two months.