Railroads are more conciliatory in negotiating contract rates than a year ago, hungry to recapture freight lost to trucking. One logistics executive called the railroads’ stance “a complete 180 from last year.”
Tuesday April 7, 2020
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CSX Transportation
CSX Transportation
CSX Transportation is a U.S. Class I railroad serving major markets in the eastern United States with a rail network of 21,000 route miles in 23 states, the District of Columbia, and the Canadian provinces of Ontario and Quebec.The company has more than 31,000 employees and provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.
The Jacksonville, Florida-based railroad was formed in 1986 through the merger of the Chessie System (parent of the Chesapeake & Ohio Railway, the Baltimore & Ohio Railroad, and the Western Maryland Railway) and the Seaboard System Railroad Inc. (parent of Louisville & Nashville, Seaboard Coast Line, and Clinchfield).
Webcasts
Apr 28, 2020 1:00PM EDT
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Press Releases
06 Feb 2020
There are no positives to be found in the Intermodal Association of North America’s latest market report, which shows year-over-year volume fell 7.4 percent in the fourth quarter of 2019 and 4.1 percent for the full year, with declines in all types of containers.
05 Feb 2020
Amid weak intermodal volumes in 2019, the JOC Domestic Intermodal Savings Index shows spot and contract savings are lower than historical averages, although the year closed stronger for shipper savings on the spot market.
29 Jan 2020
Railroads and intermodal providers say there will be more volume in 2020 than last year, although shipper demand will not fully recover until the second half of this year.
28 Jan 2020
Union Pacific Railroad will resume service on nearly 60 previously eliminated lanes beginning Feb. 1, a move it linked to its precision scheduled railroading operation, but others said was designed to win back lost market share.
27 Jan 2020
Despite stiff truck competition, East Coast ports have taken aggressive steps to capture more intermodal cargo and spend significant capital to build out rail infrastructure.
31 Dec 2019
US intermodal, particularly domestic volume, has a tough road ahead given low spot truckload rates that will continue to push freight to the highway, but the sector could see some improvement in the second half.
26 Nov 2019
Barring a major turnaround in December, BNSF Railway and CSX Transportation will record their lowest annual intermodal volumes this year since 2016, and two other Class I railroads could possibly join that list.
05 Nov 2019
As spot intermodal rates begin to save shippers more money than earlier in 2019, shippers are seeing reduced savings on contract business.
17 Oct 2019
CSX Transportation and Union Pacific Railroad reported weak intermodal volume for the third quarter, but insisted their networks are lean, efficient, and ready to fully capitalize when the market rebounds.
03 Oct 2019
Intermodal volumes did not recover in the third quarter, prompting questions of what railroads can do to win back shippers, other than waiting for a recovery in trucking.
28 Aug 2019
Union Pacific Railroad and CSX Transportation, struggling to recover volume after service cuts, are reaching out to shippers and logistics providers about reinstating direct service to Philadelphia, Cincinnati, and Columbus, Ohio, sources tell JOC.com
23 Aug 2019
The Port of Virginia will shift more vessel calls to the Virginia International Gateway (VIG) terminal so shippers using rail can receive their cargo faster.
13 Aug 2019
The port of Savannah’s intermodal terminal expansion project is about 40 percent complete as rail volumes set a new record in July.
08 Aug 2019
Canadian National Railway and CSX Transportation will launch a new international intermodal service linking Montreal and Toronto to New York.
24 Jul 2019
Yilport and the Mississippi State Port Authority are making headway in agreeing to a concession and aim to have a binding letter of intent — featuring a roadmap of planned investments — by the end of the year.
17 Jul 2019
CSX Transportation lowered its guidance for 2019 after offering a grimmer view of the freight market than J.B. Hunt had a day earlier, warning investors that the second half of the year could be worse than the first.
16 Jul 2019
J.B. Hunt Transport Services believes the intermodal market has hit rock bottom, expressing confidence that shippers will move excess inventory in the second half of 2019, though volume will still be less than last year.
12 Jul 2019
Analysts expect more of a negative outlook from railroads in second-quarter earnings calls, as shippers have not sent as much on intermodal as they have anticipated in 2019.
08 Jul 2019
The intermodal peak season is expected to be a manageable one with domestic volumes continuing to be weak and abundant container capacity, while international loads will increase at a slower pace than a year ago. Industry stakeholders believe intermodal service will be good in the peak season.
26 Jun 2019
The eighth-largest US trucking operator adds an intermodal option in Indianapolis, making service between the US Midwest and Northeast more competitive with trucks.
17 Jun 2019
The Illinois Trucking Association has begun to track truck turn times in Chicago rail yards to provide shippers a better understanding of how congestion disrupts the supply chain.
10 Jun 2019
The new expanded intermodal rail yard has reopened at the Port of Virginia, doubling capacity for CSX Transportation and Norfolk Southern. The port says this means quicker transfers from ships to trains.
30 May 2019
Beer company MillerCoors alleges Norfolk Southern threatened to raise rates on captive lanes if the railroad lost business to CSX.
29 May 2019
Although last week’s Surface Transportation Board hearing didn’t include intermodal, shippers complain about penalties assessed when their cargo arrives on a Friday night and their warehouses are closed until Monday.
22 May 2019
The Surface Transportation Board put Class I railroads on the hot seat about demurrage and accessorial policies that rail shippers have described as unreasonable and revenue generators.
21 May 2019
Retail giants Walmart and Amazon have entered into conversations directly with Class I railroads to enter in service agreements, bucking the historical structure in which shippers are required to use intermediaries to procure space.
09 May 2019
BNSF Railway, Norfolk Southern, and CSX say domestic intermodal contract rates have risen by upper single-digit percentages in the first quarter, but some non-asset intermodal marketing companies tell quite a different story.
08 May 2019
Historically, intermodal rail has offered a slower, lower-cost option for shippers, but with truckload prices falling, intermodal rail is now more expensive than trucking in some secondary markets.
17 Apr 2019
Intermodal volume will be down for many of the Class I railroads and trucking companies providing intermodal service, and although weather is an excuse, larger questions remain about the sector in the short and long term.
11 Apr 2019
North American intermodal volume ended the first quarter worse than initially forecast due to changing shipping patterns and flooding in the Midwest, but there are signs that this is an inflection point to a difficult 2019 and not a fleeting blip.
05 Apr 2019
CSX has shown signs of better service under the PSR model, but shippers and analysts say there are still important performance benchmarks PSR railroads in the US have not yet achieved.
14 Mar 2019
CSX Transportation is requiring shippers to book reservations for their truckers to return empty containers or drop off loaded boxes, which has gone smoothly in smaller markets but caused major concerns in Chicago, Memphis, and Nashville.
11 Mar 2019
Two projects will add more than 28,000 square feet of new track inside the US East Coast's largest port, most of which will be used to store empty rail cars and build trains.
05 Mar 2019
The state has revived a project to raise the ceiling of CSX's Howard Street Tunnel to and from the Port of Baltimore in an effort to attract more Midwest cargo.
19 Feb 2019
Rapid consolidation of container carriers hasn't spurred large-scale rate increases, but it has resulted in increasingly divergent strategies, with some firms focusing solely on ocean transport while others opt for a more "end-to-end" approach.
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