Rail & Intermodal
The U.S. Commerce Department set duties on 53-foot dry intermodal containers from China after a preliminary determination concluded manufacturers received unfair subsidies from the Chinese government
U.S domestic intermodal pricing jumped 5.6 percent week-to-week, or by $115, to $2,169 per unit in the week ending Sept. 22, according to a weighted average for all-in, 53-foot containers door-to-door provided by third-party logistics provider IDS.
The unseasonably cold front that moved through Chicago last weekend provided railroads and shippers a chilly reminder that the rail gridlock seen in winter 2013-2014 could occur again.
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.