Railway Age’s 2023 ‘Fast Trackers’ 25 Under 40 Honorees
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
U.S. freight carload traffic gained ground as 2023 began, while U.S. intermodal volume dropped, according to a Jan. 11 report from the Association of American Railroads (AAR).
Total U.S. carload traffic for the 12 months of 2022 was down 0.3% from the same period last year; and intermodal units were down 4.9%; the Association of American Railroads (AAR) reported Jan. 4. For the week ending Dec. 31 (Week 52), North American rail volume was down 8% compared with the same week last year. The U.S. experienced a decrease, while Canada and Mexico saw increases.
Through the first 51 weeks of 2022 (ending Dec. 24), total North American carload and intermodal traffic dipped 1.9% from the same point last year, the Association of American Railroads (AAR) reported Dec. 28. Both the U.S. and Canada experienced decreases, while Mexico saw an increase.
According to a recent study released by the U.S. Government Accountability Office (GAO), implementation of precision-scheduled railroading (PSR), a strategy to increase efficiency and reduce costs among Class I railroads, resulted in reductions in staff and assets, such as locomotives, and longer trains, but its effect on rail safety remained “inconclusive.”
The Surface Transportation Board (STB) has adopted for first-quarter 2023 the rail cost adjustment factor (RCAF), defined as “an index formulated to represent changes in railroad costs incurred by the nation’s largest railroads over a specified period of time.”
For the week ending Dec. 17 (Week 50), total U.S. rail traffic was down 5.5% over the same week last year; carloads were down 3.2% and intermodal volume continued its downward trend, dropping 7.5%, according to the Association of American Railroads’ (AAR) Dec. 21 report.
For the week ending Dec. 10, 2022 (Week 49), total U.S. rail traffic was down 2.5% over the same week last year; carloads came in 1.3% higher while intermodal volume continued its downward trend, dipping 5.8%, according to the Association of American Railroads’ (AAR) Dec. 14 report.
The American Short Line and Regional Railroad Association (ASLRRA), the Association of American Railroads (AAR) and six other groups have petitioned the Transportation Security Administration (TSA), Department of Homeland Security (DHS) for an extension to the public comment period on an advance notice of proposed rulemaking concerning surface cyber risk management.
Railinc on Dec. 7 reported that it has added railcar cushioning devices to the Component Tracking program, providing “enhanced visibility” into their location and status.