Intermodal rail in 2024 is likely to still face pressure from the trucking market; however, market conditions for the overall freight transportation market also appear to be returning to pre-pandemic patterns, and so providing good rail service will be key in enabling intermodal rail to compete, according to Matt Muenster, chief economist for Breakthrough, a transportation management technology provider.
“Railways will likely experience headwinds in growing intermodal shipping in 2024,...
Despite U.S. intermodal containers traffic trending lower on a cumulative basis in 2023, intermodal rail is still a viable way to not only compete against the trucking market but also to support the long-term growth of the North American freight rail industry — provided that the industry and its stakeholders be willing to take some risks to ensure the success of rail, according to a report from consulting firm Supply Chain Ecology and commissioned by environmental group Environmental Defense...
https://www.freightwaves.com/news/can-intermodal-rail-increase-its-market-share-by-25-by-2030
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Union Pacific is beefing up its intermodal offerings through two new options: an international...
BNSF, J.B. Hunt Transport Services and Grupo Mexico’s Ferromex (GMXT) are launching an intermodal service that they say will slash a day off transit time between Monterrey in Mexico and Chicago and offer opportunities for customers to grow into expanding markets in Mexico.
The service will begin Jan. 1, 2024. Service will be offered between the Monterrey, Silao-Bajio and Pantaco-Mexico City regions and Chicago and the U.S. Midwest via the border gateway at Eagle Pass, Texas. The Dallas-Fort...
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The Canadian government is investing CA$150 million (US$110 million) to develop a new container...
https://www.freightwaves.com/news/canada-invests-ca150m-for-new-container-terminal-in-montreal
Add Union Pacific to the list of Class I railroads seeking a better link for customers between the U.S. Southeast and Mexico.
The western U.S. Class I railroad announced this week that it will be offering intermodal service that originates on Mexican rail carrier Grupo México from both Monterrey in Nuevo Leon and Silao in Guanajuato to cities in the southeastern U.S.
The intermodal service is targeted for domestic freight within North America that doesn’t come from the ports, UP told...
https://www.freightwaves.com/news/up-to-offer-intermodal-service-linking-mexico-us-southeast
September was the highest month in 2023 for U.S. intermodal traffic, finding support in the peak season, according to the Association of American Railroads.
U.S. freight railroads originated 1 million containers and trailers in September, a 0.7% increase from September 2022. Year-over-year (y/y) comparisons so far this year have had intermodal volumes trailing year-ago levels.
“Intermodal had the best volume month of the year in September, showing, after three years, that ‘peak season’ still...
https://www.freightwaves.com/news/rail-intermodal-volumes-stabilize-in-september
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Norfolk Southern and Florida East Coast Railway (FEC) are expanding their domestic intermodal...
Now that the crunch for chassis has abated from pandemic-fueled shortages, companies can return to business as usual, right? Not so, says Dan Walsh, president and CEO of Trac Intermodal, a North American marine chassis provider based in Princeton, New Jersey.
FreightWaves recently chatted with Walsh to discuss forecasts for chassis demand. Expect e-commerce, the need for supply data visibility and shifting manufacturing patterns in Asia to play a role, according to Walsh.
This question-and-answer...
https://www.freightwaves.com/news/trac-intermodal-ceo-eyes-continued-growth-for-chassis-industry
Inflation and higher labor costs are two concerns for Union Pacific in the second half of this year, but company executives said improved service offerings, such as a reduction in transit time for the Falcon Premium intermodal service, will help it and other railroads win volumes back from trucks.
“We need to bring new business in. … We need to cover what inflation gave us and the extra cost that we have, both from an employee base and structurally,” UP CEO Jim Vena said at Morgan Stanley’s...
https://www.freightwaves.com/news/up-touts-faster-falcon-premium-service-as-a-big-deal