Carloads, at 267,963, were up 3.4% annually, and intermodal containers and trailers rose 4.6% annually to 292,793 units.
October’s Freight TSI reading of 129.2 marks a new all-time high, topping August 2017’s 129 by 0.2%, as well as the third all-time high set over the last four recorded months and the fourth in the last six recorded months.
Class I railroad carrier CSX reported late yesterday that the company’s Chief Executive Officer and President E. Hunter Harrison is on medical leave, due to complications from a recent illness, and it added that COO James M. Foote has been named as acting CEO in the interim.
Now that trucking and transport interests are applauding what appears to be the first major cut in corporate taxes in 30 years, they are hoping the applause they are heaping on Republicans reverberates into a call to spending some of that money on improving the nation’s infrastructure woes.
2017 was a strong year for the equipment finance industry.
The U.S. Chamber of Commerce is strongly lobbying to tweak – not trash – the North American Free Trade Agreement (NAFTA.) And it’s not just transport companies who are leading the charge within the Chamber, U.S. Business Roundtable and other Washington lobbyist heavyweights. But since the talks opened in August, the Trump administration – to…
Total November POLA volume came in at 924,225 TEU (Twenty-Foot Equivalent Units), which set a new record for monthly volumes in the port’s 110-year history, topping November 2016’s 877,564 TEU, and were up 5.3% annually. POLB November volume was up 14.7% annually at 612,659 TEU, with the first 11 months of 2017 coming in at…
Following a November rollout of a new truckload visibility offering designed to enable a smarter information flow across shippers’ supply chains, Chicago-based project44 is taking the same approach for freight railroad shipping, announcing it has launched a new rail visibility API, which is focused on increasing end-to-end information symmetry through the elimination of shipment visibility…
Less-than-truckload (LTL) transportation services provider YRC Worldwide Inc. reported this week that it is seeing decent gains in its operating data for certain metrics on a quarter-to-date basis for the fourth quarter.
October’s reading of 9.48 far outpaced September’s 3.5, with FTR explaining that a strong economy, combined with pressure from hurricane recovery and the ELD mandate, is creating a very tight market resulting in improved contract rates.