Intermodal rail up 5.6% in latest week
The Association of American Railroads reported U.S. rail traffic for the week ending November 11 was 547,480 carloads and intermodal units, up 1.2% compared with the same week in 2016.
Canadian Pacific
Weekly carloads flatten out
Rail freight flattened out for the week ending Nov. 4, as the Association of American Railroads reported U.S. traffic was 538,739 carloads and intermodal units, down 0.8% compared with the same week in 2016.
CP train crews reject new pact
The union representing Canadian Pacific train crews met again with the railroad after membership voted to reject a one-year contract proposal.
Commentary
Another tunnel, another time
As I stated in my blog about Hunter Harrison earlier this year, the numerical “success” he was credited with during his time at Canadian Pacific would not have been possible without the hard work, tough decisions, and massive investments in property made by his predecessors.
Economy spurs record intermodal volume
Following steadily growing weekly volume, intermodal rail traffic reached an all-time high on U.S. carriers in October, according to the Association of American Railroads.
All-time weekly record for U.S. intermodal
Total U.S. rail traffic for the week ending Oct. 21 was 559,989 carloads and intermodal units, up 3% from the same week a year ago, according to the Association of American Railroads. Traffic totaled 268,943 carloads, up 0.2%, while intermodal volume was 291,046 containers and trailers, up 5.6%, and a record for a single week.
Third-quarter revenue, net up at CP
Canadian Pacific Railway reported third-quarter adjusted diluted earnings per share of $2.90, up 6%, on revenue that was 3% higher at $1.6 billion.
CP, G&W in Ohio intermodal pact
Canadian Pacific Railway announced a new partnership with Genesee & Wyoming Inc. and Bluegrass Farms of Ohio that will open up the Ohio Valley to CP intermodal customers and further extend its reach into key North American heartland markets.
Railhead signs with RailMarketplace
Railhead Corp. announced that it has signed a three-year contract with RailMarketplace, an e-commerce exchange created by BNSF Railway, CN, Canadian Pacific Railway, CSX Transportation, Norfolk Southern and Union Pacific Railroad.
Back-to-school CP safety program under way
Canadian Pacific is hoping its annual back-to-school safety message finds students, parents and caregivers before a train does.