Parallel Systems unveiled Tuesday another second-generation, battery-powered autonomous rail vehicle, which is slated for use in pilot projects both in the U.S. and abroad.
Through this iteration of the autonomous rail vehicle, Los Angeles-based Parallel Systems will be looking at how its autonomous rail vehicle performs with the broader rail network. It said it is developing tools and software so that companies can operate Parallel Systems’ vehicles from their existing dispatching and train...
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Canadian railway CN and Norfolk Southern are pairing up to launch a domestic intermodal service that...
https://www.freightwaves.com/news/cn-and-norfolk-southern-unveil-domestic-intermodal-service
Eastern U.S. Class I railroad Norfolk Southern has invested $8 million in a joint venture with technology platform provider DrayNow to develop a technology for intermodal that the companies say will “improve customer and drayage driver experience, enhance supply chain transparency and increase network fluidity.”
The offering will utilize and build upon DrayNow’s existing app that provides real-time information on the first and last mile, including shipment tracking and document capture of...
https://www.freightwaves.com/news/norfolk-southern-invests-8m-in-real-time-visibility-technology
Chicago area-based STG Logistics, which bills itself as providing “port-to-door” services for containerized goods, plans to expand its Canadian intermodal network beyond its current offerings in Toronto and Montreal.
STG plans to enter the markets of Vancouver, British Columbia; Calgary and Edmonton, Alberta; Winnipeg, Manitoba; Moncton, New Brunswick; and Halifax, Nova Scotia.
“We are excited to continue our intermodal growth by offering our best in class service to customers with Canadian...
https://www.freightwaves.com/news/stg-logistics-plans-to-expand-intermodal-network-in-canada
Two Georgia subsidiaries of short line operator Genesee & Wyoming (G&W) are seeking permission from the Federal Railroad Administration to test zero-emissions, autonomous rail vehicle technology developed by Parallel Systems.
The two subsidiaries, Georgia Central Railway (GC) and Heart of Georgia Railroad (HOG), filed a petition with FRA on Thursday. GC spans 211 miles between the Port of Savannah and Macon, Georgia, and it interchanges with eastern U.S. Class I railroads CSX (NASDAQ: CSX) and...
https://www.freightwaves.com/news/gw-short-lines-want-to-test-autonomous-rail-vehicle-technology
Hub Group’s revenue and profits fell in the second quarter compared to last year’s record-breaking results.
The transportation provider reported second-quarter earnings per share (EPS) of $1.44, 3 cents better than the analysts’ estimate of $1.41 but a 52% year-over-year (y/y) decline compared to the same period in 2022.
Revenue for the quarter came in at $1 billion versus the analysts’ estimate of $1.12 billion. Second-quarter revenue declined 29% compared to 2022, when Hub Group reported...
https://www.freightwaves.com/news/hub-group-q2-earnings-tumble-in-challenging-economy
WASHINGTON — Confusion over which federal agency has the power to resolve disputes over fees charged by railroads to store ocean containers will only get worse if Congress follows the advice of the shippers getting hit by the fees, ocean carriers contend.
A coalition of 75 shipper groups — led by the National Customs Brokers & Forwarders Association of America, the National Industrial Transportation League, and the National Retail Federation — appealed this week to lawmakers to clarify that...
https://www.freightwaves.com/news/ocean-carriers-keep-rail-storage-fee-disputes-at-stb
Consulting firm FTR Transportation Intelligence expects rail intermodal to face a tough year in 2023 amid weaker demand, a competitive truck market and a shift in U.S. port activity away from the West Coast to East and Gulf ports that utilize shorter inland hauls.
All of the rail intermodal segments — domestic and international — “are going to struggle” in 2023, said Todd Tranausky, FTR vice president for rail and intermodal, during a webinar last week.
Growth could happen in the fourth quarter...
https://www.freightwaves.com/news/rail-intermodal-to-struggle-in-2023-consulting-firm-says
Norfolk Southern’s new initiative to provide expedited service between the East and West coasts with three partners — ocean carrier Hapag-Lloyd, western U.S. Class I counterpart Union Pacific and the Port of Virginia — suggests the four parties are seeking opportunities to maximize recent capital investments while also addressing ongoing congestion.
NS (NYSE: NSC) said the partnership, named OceaNS Bridge Express, will provide shippers a new option to reach West Coast markets. The service will...
On this date in 1956 the first commercially successful container ship began its maiden voyage on a route from New Jersey to Texas. The Ideal X and its 58 intermodal containers began a revolution in shipping that is still echoing around the world today.
Background
Malcom P. McLean recognized the potential to haul motor freight when he was just a teenager. The native of Maxton, North Carolina, purchased his first truck in 1934 and began...