RAIL CARGO

Hub Group’s Q3 revenue declines in ‘very soft freight environment’

Lower demand and oversupply of truckload capacity in the market led to revenue declines across Hub Group’s intermodal and logistics segments during the third quarter, company officials said.

Oak Brook, Illinois-based Hub Group (NASDAQ: HUBG), a provider of intermodal transportation and logistics management solutions, reported third-quarter earnings after the market closed Thursday.

“As we discussed in our last call, we felt as though the third quarter would be our most challenging and that did...

https://www.freightwaves.com/news/hub-groups-q3-revenue-declines-in-very-soft-freight-environment

CBP invests $46M to upgrade rail cargo inspection technology

A photograph of a train by a CBP outpost.

U.S. Customs and Border Protection (CBP) plans to spend $46 million to upgrade technology to improve rail cargo inspections at 12 points of entry by the Canadian and Mexican borders.

CBP says it will replace aging rail scanner systems with new high-energy rail scanners that can generate high-quality images more quickly and securely. The scanners use linear accelerators to generate X-rays from electricity rather than radioactive isotopes, the agency said.

Installation and testing of the new...

https://www.freightwaves.com/news/cbp-invests-46m-to-upgrade-rail-cargo-inspection-technology

CONCOR marks a rail cargo record

The Container Corporation of India (CONCOR) of the Ministry of Railways marks an all time rail cargo – record, handling 43.32 million tonnes of rail cargo, which translates to 8.4% increase from the previous year.

According to The Hindu, there has also been a 30% increase in double stack trains from 2,303 trains to around 3,000 trains in 2018-19, said Chairman and Managing Director Kalyana Raman.

The CONCOR also entered the coastal shipping arena with the first voyage flagged off earlier this...

https://container-news.com/concor-rail-cargo-record/