-
FreightWaves Releases Weekly Intermodal And Daily Spot Maritime Rates In SONAR
Monday, April 22, 2019 - 11:25am | 607SONAR chart of the average weekly spot rate for shipping an intermodal container on the rail from Los Angeles to Chicago. (Image: SONAR: INTRM.LAXCHI) FreightWaves continues to enhance the SONAR platform by adding the following new data and features this week: FreightWaves is bulking up on its...
-
Universal Logistics Looks For A Strong Year In Intermodal
Friday, February 22, 2019 - 4:11pm | 941Although driver shortages and supply chain upheaval continue to inject uncertainty into the transportation and logistics services sector, a healthy drayage business and steady customer demand will drive strong guidance for 2019, said Universal Logistics (NASDAQ: ULH) CEO Jeff Rogers on an investor...
-
Amtrak Seeks To Switch Tracks To New Long-Term Strategy
Friday, February 22, 2019 - 4:08pm | 1245In an effort to attract more passengers and generate more revenue, Amtrak wants to revamp its national network in order to boost passenger service in the South and West. However, the changes would curtail key long-haul routes favored by many key constituencies. Amtrak's goal is laudable...
-
Railroads Look To PTC To Shake Out More Capacity
Monday, February 18, 2019 - 6:14pm | 814For the last 10 years, freight railroads and their regulators have emphasized the safety benefits of Positive Train Control (PTC). But with the technology getting closer to being up and running on every freight track mile required by federal mandate, the nation's big railroads are starting to...
-
Today's Pickup: Smiley Sails Away From NYC; Walmart Builds An Intermodal Box Operation
Monday, February 18, 2019 - 12:03pm | 894Good day, Amazon.com, Inc.'s (NASDAQ: AMZN) hardly-excellent New York adventure is over. Should we mourn the thousands of jobs that will go by the boards? Or should we applaud NYC for not succumbing to what the Daily Beast called "extortion without the dick pics?" The best way to...
-
Flashing Green: Global Stocks Follow U.S. Market Higher, With Cisco Reporting Later
Wednesday, February 13, 2019 - 10:55am | 1854Stocks around the world are swimming in a sea of green Wednesday morning as optimism continues to grow about possible resolutions to some of the major geopolitical issues haunting the markets. The S&P 500 Index (SPX) starts the day above its 200-day moving average for the first time in more...
-
Can Railroads Win At The Green New Deal Game?
Monday, February 11, 2019 - 12:58pm | 746Its highly aspirational goals – which some contend are impractical and overly expensive – include moving the country toward "net-zero emissions" within a decade by electrifying the transportation sector. Despite the skepticism, the plan is generating a lot of discussion among...
-
Linfox Concludes Purchase Of Aurizon's Queensland Intermodal Business
Thursday, February 7, 2019 - 4:32pm | 1215Rail operator Aurizon has completed the sale of its Queensland Intermodal Business to privately owned Australian logistics company Linfox. Details of the deal have not been released although that may change in the near future as Australian Stock Exchange-listed Aurizon is due to release its half-...
-
ELDs And U.S. Container Surge Good For Intermodal In 2018, But 2019 Will Not Be Repeat
Saturday, February 2, 2019 - 12:44am | 1081Five-year high in growth seen last year thanks to tariff front-loading and tight truck supply, but shippers likely to put brakes on growth this year. Intermodal volumes saw strong growth in 2018 as a limited truck supply met strong demand for containerized freight into the U.S. the Intermodal...
-
Flashback Friday: The ICC & The Railroads
Friday, February 1, 2019 - 12:30pm | 1517FreightWaves publishes articles that look back at various aspects of the transportation industry's history. If there are topics that you think would be of interest, please send them to media@freightwaves.com The Interstate Commerce Act was passed in response to rising public concern with the...
-
Winter Storm Jaden Hits Chicago Intermodal Hub, Slowing Train Speeds And Freight
Tuesday, January 29, 2019 - 4:01pm | 557The severe winter storm hitting the U.S. Midwest is impacting rail operations at one of the nation's largest intermodal hubs. A winter storm warning is in effect through Thursday for an area stretching from the Michigan peninsula down through Missouri. The Polar Vortex-created winter storm...
-
Hunt, NSC Intermodal Honchos Dish ELDs, Drivers, Equipment At SMC3 Event
Tuesday, January 29, 2019 - 1:29pm | 897The stated topic was "intermodal in the post-ELD world." But it became more like free form at intermodal's highest managerial levels. Terry Matthews, executive vice president of intermodal at J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) and Jeff Heller, vice president of...
-
U.S. Xpress Exits U.S.-Mexico Cross Border Investment
Friday, January 18, 2019 - 11:58am | 597US Xpress Enterprises, Inc. (NYSE: USX) today announced its plan to exit its U.S.-Mexico cross border investment as part of its ongoing capital allocation and profit improvement initiatives. According to reports, when fully implemented, the plan is expected to reduce current and planned...
-
First Look: After Taking Out The BNSF Charge, Steady Solid Growth At J.B. Hunt
Friday, January 18, 2019 - 10:26am | 814J.B. Hunt's (NASDAQ: JBHT) performance for the fourth quarter of 2018 should probably be looked at primarily through the lens of its revenue because its bottom line was heavily impacted by charges it took as part of its ongoing dispute with BNSF. Net income for the company was $88.7 million...
-
Maersk Automates Street Turn Requests For Container Shippers In North America
Wednesday, January 16, 2019 - 12:03pm | 573North American shippers facing congested ports may get some relief as the world's largest shipping line promises to ease the reuse of empty marine intermodal containers. Maersk is introducing an automated "street turn" service for its intermodal containers at U.S. and Canadian...