CSX, NS Recognize Chemical Shippers for Safety
CSX and Norfolk Southern are honoring customers for their commitment to the safe transportation of hazardous materials (hazmat).
CSX and Norfolk Southern are honoring customers for their commitment to the safe transportation of hazardous materials (hazmat).
Canadian Pacific’s (CP) intermodal shippers can now use the blockchain-based TradeLens platform to securely and transparently transfer container-shipping documents. The open-API platform will help them create, amend and share documents with consignees, beneficial cargo owners, customs agencies, dray operators, steamship lines and others.
September marks the seventh straight month of record grain movement for CN. The Canadian Class I reported that it hauled more than 2.81 million metric tonnes (MMT) last month—compared with the previous record of 2.6 MMT set in 2016—and a total of 7.76 MMT for third-quarter 2020.
Wi-Tronix LLC User Experience Manager Patricia Basuel and RailPros Vice President Training Erika Bruhnke have joined the League of Railway Women (LRW) Board of Directors as Events Chair and Director-at-Large, respectively.
The Surface Transportation Board has determined that five of the “Big 7” U.S. Class I railroads achieved revenue adequacy in 2019: BNSF, CSX, Norfolk Southern, Soo Line (the U.S. affiliate of Canadian Pacific) and Union Pacific. STB determined that those Class I’s achieved a rate of return on investment (ROI) equal to or greater than the Board’s calculation of the average cost of capital for the freight rail industry, which for 2019 is 9.34%.
For Canadian Pacific (CP), the third quarter brought record shipments of Canadian grain and grain products. The Class I moved 7.72 million metric tonnes (MMT) over the past three months—up 10.8% since its previous third-quarter record of 6.97 MMT in 2014. It also set a new September record for these shipments, moving 2.8 MMT and beating the prior September 2017 record by more than 8.4%.
Intermodal’s growth path may help railroads sustain COVID-19 recovery. “Participants from Class I railroads were positive on current trends and cautiously optimistic that these trends can continue for the remainder of 2020 and beyond,” Cowen and Co. analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer reported, following their attendance and participation at the North East Association of Rail Shippers (NEARS) Fall 2020 Virtual Conference. “Continued tightness in trucking is benefiting intermodal.”
The U.S. Department of Transportation (DOT) has announced that it is distributing $320.6 million to 50 projects that improve the safety, efficiency and reliability of freight rail and intercity passenger service in 29 states.
Canadian Pacific Railway and Maersk will build and operate a transload and distribution facility that will expand CP’s existing Vancouver Intermodal Facility. It is slated to open in 2021. In Montreal, CP has opened a new transload facility.
Canadian Pacific has presented its Safe Shipper Award to 45 customers for their “ongoing commitment” to safely transporting hazardous materials (hazmat) by rail in 2019.