Rail & Intermodal
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
Total rail traffic on North American railroads broke the 11-million-carload mark this week, posting year-to-date gains of 3 percent compared with 2013.
Rail and truck shippers in North America continue to face constricted capacity and rising costs and the situation will most likely continue through the remainder of the year.
Second-quarter volume increases have hampered Norfolk Southern’s ability to bring up train velocities after a cripplingly harsh winter.
Rail service continues to sputter, showing little improvement from levels seen during the depths of winter. Why?
Ship agents at India’s Port of Jawaharlal Nehru (Nhava Sheva) have expressed concern over a lack of effective measures by state-owned rail operator Container Corp. of India in clearing import backlogs that have reached “unprecedented” levels at the country’s biggest box gateway.
Crowley Maritime Transportation is hailing the Florida East Coast Railway decision to open its newest Intermodal Container Transport Facility at Port Everglades...
Spurred by stronger industrial production, consumer spending and housing activity, truckload rates rose 5.2 percent on average in June from a year ago...
Despite solid revenue growth in the second quarter, Canadian National Railway says it’s facing a capacity problem, particularly at Canadian seaports, that’s forcing Canada’s largest railroad to temporarily turn away business.
Mexico’s manufacturing growth could push Kansas City Southern to new heights in the near future, according to analysts.