Weather-related slowdowns were compounded by track work that typically wraps up in August but overlapped this year with an earlier-than-usual surge in international and domestic intermodal demand.
The dismal outlook for the second half of the year is prompting Wall Street analysts to rein in earnings expectations as many carriers also report steep declines in their profit margins amid a mix of overcapacity and “tariff-driven cost escalation.”
Fifteen of the 27 EU countries will postpone implementation of the customs risk analysis program for imports into the EU until the end of the year, including France, Belgium, Spain and Italy.
