Hints and tips:
...CSX, one of the biggest freight railroad companies on the east coast, said customers should expect delays due to the bridge collapse, adding that all international intermodal shipments destined for Baltimore...
...Canadian Pacific tried to acquire eastern US railroads CSX and Norfolk Southern in recent years but both attempts were blocked partly over concerns that the deals would not win regulatory approval....
...At CSX, quarterly revenue fell by 11 per cent in its intermodal business, which carries shipping containers by rail. It blamed most of the decline on planned closures of routes used for the service....
...Intermodal volume was down 5 per cent to $1.09bn, despite a 2 per cent increase in volumes....
...BNSF’s trains slowed down from last October as the company experienced surging grain, crude oil and intermodal – container and trailer – traffic....
...Mr Rose says intermodal traffic remains railroads’ most promising growth area for future decades....
...Intermodal traffic – shipping containers and truck trailers – was also up 8 per cent, as the segment benefited from continuing transfers from trucks amid high fuel prices....
...Wick Moorman, NS’s chief executive, said that, despite the declines in coal shipments, it had seen steady gains in intermodal traffic – carrying containers and trailers – chemicals, automotive and materials...
...Intermodal volumes rose 8 per cent and revenues rose 10 per cent to $408m....
...Intermodal traffic – truck trailers and shipping containers – rose 1 per cent while revenue from the business increased 8 per cent to $1.02bn....
...Volumes in intermodal services – movements of containers and truck trailers by road – increased 5 per cent, while revenues grew 3 per cent to $567m....
...“We’re not going to reduce our capital investments in our intermodal business because of our concern about the Panama Canal,” he says....
...Union Pacific’s intermodal traffic – trailers and shipping containers that can also go by truck – was 3 per cent up year-on-year, while revenue rose 10 per cent to $1bn....
...Revenue from intermodal movements – shipping containers and truck trailers – rose 19 per cent to $389m on traffic up 9 per cent Mr Ward insisted the company was off to a “fast start” in the year....
...Domestic intermodal traffic has benefitted from US truckers’ growing struggles with high fuel prices and driver shortages, which have prompted customers to shift from truck to rail....
...Beneath the scorching Texas sun at Burlington Northern & Santa Fe’s Alliance intermodal yard outside Fort Worth, orange mobile cranes straddle container trains so long they seem to stretch into infinity....
...The container business is known as intermodal....
...But some forms of traffic, including automotive parts and intermodal traffic – goods moved in shipping containers – were down sharply from their peak....
...NS’s average revenue per carload of coal in the second quarter was up nearly 30 per cent year on year to $1,729; intermodal yields rose 9.6 per cent to $656....
...Another two operators – CSX and Union Pacific – are expected to meet the measure soon. The change should mean investment in growth should become far easier....
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