Class I freight railroad CSX (NYSE: CSX) has appealed to the U.S. Supreme Court to continue its antitrust lawsuit against Norfolk Southern.
Jacksonville, Florida-based CSX sued Atlanta-based Norfolk Southern in October 2018 claiming its competitor conspired with Norfolk & Portsmouth Belt Line Railroad Co. to set an excessive “switch rate” on dock access to the Port of Virginia. CSX said the switch rate of $210 per train car cost the company hundreds of millions of dollars since its...
This story originally appeared on Trains.com.
WASHINGTON — U.S. Supreme Court Justice Neil Gorsuch has recused himself from the pending case involving the Uinta Basin Railway, which is set to be argued before the court next week.
NBC News reports that lawyers involved in the case were informed of the move in a letter sent on Wednesday. The letter from Supreme Court Clerk Scott Harris said the decision was “consistent with the code of conduct” the court adopted last year, with no further...
This story originally appeared on Trains.com.
PALM BEACH, Fla. — Canadian Pacific Kansas City CEO Keith Creel is confident that free trade will continue in North America despite President-elect Donald J. Trump’s threat to impose 25% tariffs on goods imported from Mexico and Canada.
U.S. trade with Mexico and Canada has grown since the Trump-driven United States-Mexico-Canada Agreement replaced the North American Free Trade Agreement and went into effect in 2020, Creel points out. The pandemic,...
Radiant Logistics announced it has acquired intermodal marketing company TCB Transportation.
St Louis-based TCB is a 25-year-old company that facilitates the movement of 40- and 53-foot containers throughout North America. It coordinates with container shipping lines, Class I railroads and its drayage partners to provide door-to-door service to the forestry, food and beverage, and industrial sectors.
TCB was acquired by Radiant subsidiary Radiant Road and Rail Inc. TCB founder Jerry Kausch Jr....
https://www.freightwaves.com/news/radiant-logistics-acquires-intermodal-provider-tcb-transportation
WASHINGTON — Likely because of the difference in where the Thanksgiving holiday falls this year, weekly U.S. rail traffic shows a major volume increase for the week ending Nov. 23, 2024.
Total weekly traffic was 520,798 carloads and intermodal units, a 25.6% increase over the same week last year — when Thanksgiving was on Nov. 23, the last day of the reporting week. That includes 230,036 carloads, up 17.6% from a year ago, and 290,762 containers and trailers, up 32.8%.
Through 47 weeks of 2024,...
https://www.freightwaves.com/news/weekly-u-s-rail-traffic-shows-major-bump
This story originally appeared on Trains.com.
President-elect Donald Trump’s plans to impose 25% tariffs on goods imported from Mexico and Canada could have a chilling impact on cross-border rail traffic, which has been one of the few sources of volume growth for North American Class I railroads.
Trump announced the plans Monday night in a social media post, saying he would sign an executive order on Jan. 20, 2025, his first day in office. The order also would hit goods produced in China with a...
Pacific Harbor Line (PHL) — together with the California Air Resources Board (CARB) — has received partial funding for five zero-emission locomotives.
The funding for the acquisition will be provided through a U.S. Department of Transportation Consolidated Rail Infrastructure & Safety Improvements (CRISI) Program grant.
PHL, which serves the Port of Los Angeles-Long Beach complex, is a short line of Anacostia Rail Holdings.
The grant comes after a year of testing the zero-exhaust emission EMD...
https://www.freightwaves.com/news/port-of-la-long-beach-railroad-wins-grant-for-electric-locomotives
Short lines are on the headpin as the North American rail business embraces a welcome rebound.
“It’s been a tumultuous eight years but the railroad industry is turning a corner as a whole, and that’s where [short lines] are going,” said Chuck Baker, president and chief executive of the American Short Line and Regional Railroad Association, speaking at the Rail Trends conference in New York.
“This year I have visited with all six Class 1s and they all have engaged short line teams. They all say...
https://www.freightwaves.com/news/at-rail-trends-money-real-estate-key-to-short-line-rail-growth
J.B. Hunt Transport Services moved a record number of intermodal loads during the third quarter, but service issues and cost headwinds have constrained margins. After two years of declining yields, the company could be nearing an inflection on the pricing front.
Management from the company told investors Tuesday at Stephens annual investment conference in Nashville, Tennessee, that rail service in its Eastern network is excellent. However, it continues to see hiccups on transcontinental lanes...
https://www.freightwaves.com/news/j-b-hunt-eyes-intermodal-pricing-inflection
NEW YORK — The largest operator of shortline railroads has a clear message about the future of the industry.
“It’s time to get off our asses,” declared Michael Miller, chief executive of Genesee & Wyoming, at the annual RailTrends conference last week.
While G&W is celebrating its 125th anniversary, Miller said in a presentation to executives, suppliers and investors, “[W]hat got us here won’t get us there,” meaning a profitable future. He warned railroads must commit to their core principles...