Rail News

Hub Group says it expects to see more intermodal business than previously forecast for 2016 after the company reported profit growth in the first quarter.

Deutsche Bahn, Germany’s state-owned railway, is pressing ahead with plans to list its DB Schenker logistics unit on the stock market.

The need to reduce truck congestion at the ports of Los Angeles and Long Beach has stakeholders looking at the feasibility of a number of options utilizing rail service.

Canadian National Railway is seeing a slowdown with its intermodal business tied to the container ports it serves, an ominous sign after the railroad’s intermodal volume was flat in the first three months of the year.

Intermodal logistics giant Container Corporation of India is moving heavily into privately operated Krishnapatnam Port, lured by new mainline service additions and strong volume gains at the minor, alternative cargo gateway on India’s east coast.

Fresh from fending off an acquisition attempt, Norfolk Southern Railway delivered strong first-quarter profit growth, showing off efficiencies that helped the railroad more than compensate for intermodal business dragged down by a division restructuring.

OAKLAND, California — Agriculture exporter Capital Feed is increasingly capitalizing on intermodal rail access connecting its facility to the Port of Oakland, a transportation advantage that the port plans to press even further via a planned logistics center.

Despite the Brazilian recession, rail operator and logistics company Brado Logistica expects new shipper contracts and services to drive containerized rail volume up at least 15 percent this year compared with 2015.

Struggling with intermodal and carload volume declines and a softer-than-anticipated U.S. economy, Union Pacific Railroad profit fell by double digits in the first quarter of 2016.

The visionary Global Trade and Logistics Complex that will revolutionize the transfer of cargo between vessels and truck and rail transportation on the West Coast is taking shape in the middle of the Port of Oakland.

Even after Canadian Pacific Railway abandoned its bid for Norfolk Southern Railway, the head of the Calgary-based railroad is confident Class I rail consolidation will happen and fuel intermodal volume growth.

Hot on the heels of a record-setting March for South Carolina’s inland port in Greer, the South Carolina Ports Authority announced Wednesday that it plans to pursue a second inland facility near the North Carolina border.

Erratic weather, the retooling and shutdown of Mexican auto plants and the weak peso continued to hurt Kansas City Southern Railway’s intermodal volume for another quarter, but the railroad still delivered a profit.

Canadian Pacific Railway might still make another play to acquire a Class I railroad. But if Chief Executive E. Hunter Harrison wants to succeed where he has failed twice before — with CSX Transportation in 2014 and with Norfolk Southern Railway this year — he’ll need to take a more diplomatic approach to sway legislators, regulators, shippers and shareholders, rail analysts told JOC.com.

In a major surprise, China’s Cosco has decided not to submit a bid to acquire Greece’s state-owned railway.

China’s Cosco, Russian Railways and Italy’s state-owned railway, Trenitalia, are expected to submit initial bids for Greece’s national rail operator by today’s deadline.

Container Corporation of India this week lifted its port congestion surcharge on containerized freight railed to inland distribution points after its parent company Indian Railways canceled the decree that created the fee.

BNSF Railway is building off the success of its very first logistics park after attracting a major plastics shipper at the North Texas operation that will ship exports via California ports.

The Port of Virginia set a new record in March for the amount of rail cargo handled in a month, despite a decline in overall containerized volume in the month.

CSX Transportation offered a dim outlook for intermodal volume growth Wednesday, after the company said declines in international business in the first quarter offset domestic gains and are expected to continue to hamper domestic volume growth in the year ahead.

Kansas City Southern Railway has announced the end to force majeure and has resumed intermodal service after severe flooding on the Louisiana-Texas border.

Canadian Pacific Railway announced Monday it has dropped its fight to merge with rival U.S. firm Norfolk Southern Railway, saying it sees “no clear path to a friendly merger at this time.”

BNSF Railway Friday raised the possibility that its proposed international intermodal railyard four miles from the ports of Los Angeles and Long Beach, which has been more than 10 years in the making, may never be built because of environmental challenges.

The proposed merger of Canadian Pacific and Norfolk Southern railways has put the chair of the House Committee on Transportation and Infrastructure at odds with the former ranking member of the committee.

Intermodal marketing company Hub Group has tapped long-time logistics executive Steve Rand as executive vice president of sales to suceed Jim Gaw, who has been with the company for 28 years.

Shippers moving their goods through Moscow could see their transportation costs rise 15 to 20 percent through a new ban on containerized cargo transiting through the Russian capital.

TransContainer, Russia’s leading containerized rail operator, plans to make more investments in its network after posting a 22.6 percent year-over-year decline in net profit to 2.8 billion rubles ($60 million) even as revenue increased 16.2 percent to 42.5 billion rubles.

Since the beginning of this year volumes across Russia’s shipping industry have begun to show signs of recovery after a dismal 2015 in which Western sanctions and the low price of oil devastated the country’s transportation firms.

Russian railway monopoly RZD is offering significant discounts to shippers in a bid to remain competitive with over-the-road trucking, which carries the largest share of Russia’s cargo volumes.

A California Superior Court judge Wednesday found the environmental impact report on the BNSF Railway’s proposed near-dock intermodal rail yard in Los Angeles to be inadequate, further delaying construction on a project that has been more than 10 years in the making.

Canadian Pacific and Norfolk Southern railways are drawing lines in the sand ahead of a looming shareholder meeting, where NS investors will vote over whether their board should come to the negotiating table with a merger-minded CP.

Transportation providers have more than enough capacity to handle peak-season cargo volumes this summer and fall, but cargo interests say a lack of reliability and predictability within the supply chain will cause problems in moving cargo efficiently if not corrected.

The government of Ukraine is struggling to replace transshipment container traffic that has been lost to the country’s ongoing economic crisis caused by its civil war and Russian sanctions.

Norfolk Southern Railway has set a date for its annual shareholders meeting, setting the stage for a showdown with Canadian Pacific Railway, its longtime suitor that has been pursuing a merger with NS for nearly five months.

Moscow’s share of overland transshipment traffic fell to 35 percent in 2015 from its typical figure of 75 percent, according to Russia’s Ministry of Transport, as the country’s overland logistics network reorients itself away from the country’s capital toward China and the Asia Pacific.

The movement of people and goods in and around Brussels ground to a halt Tuesday after a series of terror attacks rocked the Belgian capital. Brussels Airport has been shut down, all flights in and out cancelled, and public transportation throughout the city has been put on lockdown, sparking wide reports of gridlock.

APM Terminals Pipavav, or Gujarat Pipavav Port, on Tuesday celebrated the arrival of its first double-stack freight train from Container Corporation of India’s newly-opened “multimodal logistics park” at Kathuwas in the northern state of Rajasthan.

Jawaharlal Nehru Port Trust has extended a previously-announced scheme allowing concessions on handling charges for rail containers until further notice, as India’s busiest container handler tries to lure shippers away from trucks to ease congestion in the harbor.

Deutsche Bahn’s troubled domestic freight business played a key role in pushing Germany’s state-owned rail company into the red for the first time in twelve years.

Greece has delayed the March 21deadline for initial bids for state-owned freight and passenger rail company Trainose.