Grupo TMM reported a net loss of 165.6 million Mexican pesos (about US$13.4 million) in the first quarter of 2013, compared with a net loss of $11.3 million in the first quarter of 2012.
Rail & Intermodal
There are seven Class I railroads in the U.S. that haul the largest share of domestic and international goods: BNSF Railway and Union Pacific Railroad in the West, CSX Transportation and Norfolk Southern in the East, Canadian National and Canadian Pacific and Kansas City Southern Railway. Along with regional short line carriers, these railroads haul a variety of bulk and retail goods, from coal and grain to consumer goods.
Press Releases
16 May 2013
North American intermodal traffic was up year-over-year for the sixth consecutive week, according to the Association of American Railroads. This pushed volume to its highest level since March 2.
16 May 2013
The Senate's passage of the Water Resources Development Act on Wednesday paves the way for increased investment in ports, and speedier completion of maritime and inland waterway projects. Because the bill is 294 pages and far from a page-turner, The Journal of Commerce decided to break down what the Senate version calls for and what challenges the legislation faces ahead.
14 May 2013
Anyone with doubts of the U.S. Class I railroad industry’s pricing power and improved efficiency, should look at the major carriers’ first quarter financials.
14 May 2013
Nordic Cold Storage has reached an agreement with South Carolina State Ports Authority to terminate the lease on its warehouse facility in Greer, S.C., clearing the way for a $43 million inland port to be built in its place.
14 May 2013
The overall U.S. intermodal index continued to inch down this week due to declines in three of the four main directional indices, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS.
14 May 2013
Intermodal service between Vienna and Rostock, Germany, has created a direct link between Central Europe and Scandinavia, Finland and the Baltic states.
14 May 2013
U.S. diesel prices rose in the week ending May 13, ending a 10-week decline, according to the U.S. Energy Information Administration.
13 May 2013
MacAndrews, part of CMA CGM, has launched a refrigerated train service in Spain between Murcia and the Port of Bilbao.
13 May 2013
Etihad Rail, the developer and operator of the United Arab Emirates’ national railway network, has signed a memorandum of understanding with Hellmann Worldwide Logistics allowing Hellmann to use the rail network.
13 May 2013
Genesee & Wyoming Inc., a major owner of short line and regional railroads in North America with significant operations in Australia as well, showed a second continuous month of growth in April 2013.
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Commentary
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