Rail freight sees first decline in months
After a mostly steady climb through this year, rail freight volumes on Class I railroads are on a downgrade, and uncertainty in 2019 is looming like a blind curve in the dark.
After a mostly steady climb through this year, rail freight volumes on Class I railroads are on a downgrade, and uncertainty in 2019 is looming like a blind curve in the dark.
Georgia is doubling down on the inland port concept, along with Norfolk Southern announcing plans for a rail-served hub 50 miles from Atlanta.
Norfolk Southern has named Marque I. Ledoux Vice President Government Affairs, effective Jan. 1, 2019. He will replace the retiring Bruno Maestri.
GM’s planned plant closings shadowed already-declining shipments of vehicles moving by rail in the U.S. despite a bounceback by commodities in the latest week’s data.
Amid roiling markets, weaker commodities and intermodal shipments may be signaling a correction for U.S. rail freight.
Norfolk Southern plans to build a $575 million headquarters complex in downtown Atlanta, after the city approved a $600 million bond offer to lure the Class I from its current base in Virginia.
Norfolk Southern made a key executive appointment as it took another step in its previously-announced plan to implement Precision Scheduled Railroading.
Surging shipments of crude-by-rail are fast putting other commodities in the rearview, while U.S. trade policy slows grain exports by domestic growers, according to the Association of American Railroads.
Carload commodity freight on U.S. railroads continued to slow but intermodal shipments set a brisker pace through the first 10 months of this year.
If the latest commodity carload data are any indication, there could be uncertainty ahead for the U.S. economic rally.