Executives at the Montreal-based railway said they are dedicated to keeping pricing above inflation, even as the marketplace becomes more competitive on the roads and rails as demand slips and capacity rises.
Rail & Intermodal
Maryland governor pledges to reapply for federal funding for Howard Street tunnel.
The fee will further drive up surface transportation costs in Russia, where trucking rates are also set to jump.
The Western railway has lost some of its pricing power after domestic and international freight demand shrank in the third quarter.
The fall shipping season of 2016 has been good to Canadian Pacific Railway.
India wants port authorities to lower rail handling charges to draw more truckloads onto intermodal trains.
A week after Hurricane Matthew’s clouds lifted, US shippers continue to experience delays or outright embargoes on cargo moving in and around eastern North Carolina where rail lines and roads remain underwater.
Quarterly net profit dropped at the third-largest trucking operator for the first time since early 2014, thanks to lower truckload and intermodal rates. Dedicated is an exception.
The railway said it remains dedicated to strong pricing.