Domestic intermodal volumes already elevated compared with a year ago and there are signs that international intermodal is on the upswing too.
Wednesday October 21, 2020
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Norfolk Southern Railway
Norfolk Southern Railway
Norfolk Southern Railway is a U.S. Class I railroad owned by Norfolk Southern Corporation operating 20,000 route miles of track in 22 states and the District of Columbia. The railroad provides service to every major Eastern seaport, 10 river ports and nine lake ports, and it has an extensive intermodal network.
The Norfolk, Virginia-based railroad was formed in 1982 with the creation of the Norfolk Southern Corporation, which brought together Norfolk & Western Railway and Southern Railway, but has predecessors dating as far back as 1827.
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Press Releases
09 Jun 2020
Intermodal is not seeing the same rebound in demand as trucking since the economic shutdown owing to the COVID-19 pandemic, and research firm FTR Associates does not believe containerized rail volume will fully recover to 2019 levels until sometime in 2021.
28 May 2020
Norfolk Southern Railway has begun on-dock rail service from the Port of Baltimore, replacing an offsite yard, as part of a larger effort to make intermodal more attractive to BCOs using the port.
08 May 2020
JOC’s Spot Intermodal Savings Index hit an 14-month low in a preliminary April reading, the first snapshot of how the COVID-19 pandemic has altered the math on how much money intermodal can save a shipper.
29 Apr 2020
Norfolk Southern Railway insists that no matter how far truck rates fall, it will not chase the market down by providing unsustainable rates to shippers, but rather focus on innovative ideas such as mixed trains.
23 Apr 2020
North American intermodal volume may plunge as much as 25 percent in the second quarter, so railroads believe the right strategy is to focus on cost-cutting while providing reliable service.
09 Apr 2020
Intermodal volume last week was the weakest in a nearly a decade as the coronavirus disease (COVID-19) has wreaked havoc on the railroads, which an industry analyst believes could cost Class I railroads $9 billion dollars.
11 Feb 2020
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.”
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.
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.
16 Oct 2019
J.B. Hunt Transport Services said its intermodal volume was flat in the third quarter, a positive given the 4.5 percent decline in total intermodal volume across the industry.
10 Oct 2019
Two refrigerated intermodal carriers, Marten Transport and KLLM Transport, have acquired 53-foot containers as US Class I railroads have been disincentivizing intermodal trailer use.
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.
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.
24 Jul 2019
Norfolk Southern Railway believes the intermodal market has hit bottom and expects shippers to move more containers in the second half of 2019.
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.
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.
04 Jun 2019
Union Pacific Railroad and Norfolk Southern Railway announced a series of changes to cross-country service, which will require a crosstown drayage in Chicago for a number of international loads heading to and from ports.
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.
24 Apr 2019
Norfolk Southern saw big gains in international containers in the first quarter, but the railroad rejects the idea of domestic intermodal weakness in 2019 and is confident that rail pricing won’t be challenged by a much looser truck market.
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.
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.
29 Jan 2019
Patience is the key right now, logistics professionals say, because many BCOs and truckers are dealing with the same challenges, caused by large volumes, a chassis shortage, and now Arctic cold.
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