Commentary

Has Union Pacific’s Intermodal Network Bottomed?

Bend, Don’t Break: Last year we tracked a domestic intermodal surge on BNSF and used it as an example of the Bend-Don’t-Break playbook, which acknowledges that railroads will naturally slow under volume

Commentary

Manifest On-Time Performance and Industry Spot & Pull

On April 30, 2024, the Surface Transportation Board issued a decision that introduces narrow-scope reciprocal switching into the U.S. freight rail industry. That decision prescribes that two supporting data sets for trains

Commentary

First Meltdown Stress Test Since 2022

Hurricane Survival Mode: We now have operating data for the week of Sept. 28 through Oct. 4. It encapsulates most of the damage from Hurricane Helene, which made landfall in Florida late

Commentary

State of the Rails: Growth Patchwork, Hurricane Helene

The STB hearing on U.S. Class I volume growth—or lack thereof—shined a spotlight on this important issue, and before that spotlight fades and we get back to the business of not growing,

Commentary

A Hurricane, a Looming Port Strike, Western Intermodal Domino Effects—In the Same Week

Covering the railroads for a long time does strange things to a person. We were glued to The Weather Channel, with Hurricane Helene’s Category 4 track resulting in a direct hit on

Commentary

Labor Day Reprieve from Surging Intermodal

We’ve apparently been in a freight recession for two years now, but rail intermodal is having a strong growth year, aided by an easy comp against 2023, which was the weakest year

Commentary

BNSF Hump Performance Improves; CN, CPKC Protect U.S. Ops

We’re always on the lookout for good news and last week we highlighted the strong recent improvement in BNSF terminal dwell. And with dual lockouts at CN and CPKC, we were curious

Commentary

Fourth of July Slingshot Effect Accelerates Eastern Rails

We heavily scrutinize operating metrics during, and on the back of, the four major public holidays during the year (Memorial Day, Fourth of July, Labor Day, Thanksgiving) due to the beneficial network

Commentary

Growth in International Intermodal Pressuring Networks

Railroad volume growth has been scarce over the past two years, but it has shown up—primarily in the form of international intermodal—so far in 2024. The chart below consolidates loads for the

(UP Photograph)
Commentary

UP’s Weather Battle Shifts to the North

Tough May weather in Texas, Arkansas and Louisiana plunged Union Pacific’s (UP) network velocity to a five-year low of 22.7 mph in the week ending June 7 and, after a modest uptick

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