Railroads

The supply chain disruptions occurring within the international intermodal sector will likely persist through the end of the year, according to Union Pacific President and CEO Lance Fritz. UP (NYSE: UNP) has taken numerous actions to mitigate the impact to customers and it has been working with...

The Surface Transportation Board is asking the Class I railroads to explain how they are addressing congestion within the international intermodal supply chain amid shippers' reports about "sizeable" storage fees and the length of time containers are being held. STB Chairman Marty Oberman, in...

Defining what it means to provide rail shippers with robust competitive options could be the lens that the Surface Transportation Board uses as it responds to an order from President Joe Biden aimed at promoting competition within the freight railroad and maritime industries.  But it remains to be...

To view more FreightWaves infographics, click here. Image by David Mark from Pixabay

U.S. railroads reported that carloads and intermodal originations reached 2.56 million during June, up 14.5% year-over-year, according to weekly data provided by the Association of American Railroads (AAR). June carloads in the U.S. increased 19.1% year-over-year to 1.18 million with intermodal...

Wellesley, Massachusetts-based terminal and logistics company Enstructure plans to acquire Patriot Port Holdings, a sister company of short line operator Patriot Rail, as a way to expand its presence along the East Coast and at inland river terminals. The two have entered into a definitive...

Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is...

Turntide Technologies announced Tuesday the launch of Turntide Transport — a division focused on developing electric "smart motors" for commercial vehicles. As part of the launch of Turntide Transport, the company has acquired two U.K. businesses — Hyperdrive Innovation and BorgWarner Gateshead...

The Surface Transportation Board (STB) has asked the Class I railroads through a series of recent letters to keep in close touch with regulators as the U.S. economy recovers, fall peak approaches and port congestion and chassis availability clog the supply chain. Specifically, the board is asking...

The U.S. Surface Transportation Board (STB) has decided to uphold a 2001 waiver that will ease the path for the merger between Kansas City Southern and Canadian Pacific Railway Limited.  What Happened: The Canadian Pacific Railway Ltd. (NYSE: CP) won a petition for its...

Canadian Pacific Railway will buy out Kansas City Southern in a merger that CP says will create the first U.S.-Mexico-Canada railroad. What Happened: Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) on Sunday announced that they have entered...

The U.S. operations of the Class I railroads are closer to reaching full compliance with the federal mandate to implement positive train control (PTC) by the end of December, according to data from the Federal Railroad Administration (FRA). FRA's data tracks how far along freight and passenger...

U.S. weekly rail volumes tumbled nearly 22% last week as COVID-19 and lower crude oil prices take their toll on carloads. Rail traffic in the U.S. for the week ending April 11 totaled 412,503 carloads and intermodal units, a 21.9% decline from the same period in 2019, according to the Association...

FreightWaves recently chatted with Dustin Burke, managing partner and partner with the Boston Consulting Group, on a report that Burke and others wrote on how technology innovation should be the next step for freight railroads after precision scheduled railroading (PSR).  That report, "Taking the...

U.S. rail volumes for consumer-related goods could fall even further in the coming weeks as the coronavirus pandemic, also known as COVID-19, takes hold, warned an executive with the Association of American Railroads (AAR). "It wouldn't be surprising to see rail volumes … soften in the weeks ahead...