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Intermodal News

News from the intermodal freight transportation industry.


CP shareholders overwhelmingly support proposed CP-KCS merger agreement

AJOT | December 08, 2021 | Intermodal News | Rail

Rail traffic for the week ending December 4, 2021

AJOT | December 08, 2021 | Intermodal News | Rail

October 2021 Freight Transportation Services Index (TSI)
October 2021 Freight Transportation Services Index (TSI)

AJOT | December 08, 2021 | Intermodal News

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.5% in October to 135.7 from September (135.0 revised) according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS).

Transportation ABS strong amid supply chain, labor issues
Transportation ABS strong amid supply chain, labor issues

AJOT | December 08, 2021 | Intermodal News | Road

Trucking fleets are experiencing heightened demand pressure from ongoing global supply chain issues, US inland transportation backlogs and labor issues. However, trucking fleet operators’ financial health remains resilient, leading to low default rates and stable transportation-backed ABS performance, Fitch Ratings says. Furthermore, limited supply of Class 8 heavy duty trucks and trailers (chassis) cause increased asset values, driving up recovery rates within ABS transactions.

PSC acquires Grace Trailer Service

AJOT | December 07, 2021 | Intermodal News | Road

NACPC acquires Pratt Industries intermodal line of business
NACPC acquires Pratt Industries intermodal line of business

AJOT | December 07, 2021 | Intermodal News | Road

New company to be named Pratt Intermodal Chassis, LLC.

Mohammed bin Rashid and Mohamed bin Zayed launch UAE rail program

AJOT | December 06, 2021 | Intermodal News | Rail

FTR reports preliminary North American Class 8 net orders drop in November to 9,500

AJOT | December 06, 2021 | Intermodal News | Road | By The Numbers

John Lynch named Trucking Cares Foundation President

AJOT | December 03, 2021 | Intermodal News | Road

APM Terminals Elizabeth targeting intermodal cargo
APM Terminals Elizabeth targeting intermodal cargo

AJOT | December 03, 2021 | Intermodal News | Rail

12 hour dwell time for import rail cargo on terminal combined with four outbound train departures daily is designed to alleviate supply chain strain with fast inland movement. Abundant space at Millennium Marine Rail facility and rail car capacity able to grow further. Offers alternative gateway options for supply chain planners. Elizabeth, New Jersey USA – December 3, 2021 – APM Terminals Elizabeth is looking to use its first port of call momentum to expand intermodal cargo volumes to and from the Midwest and Canada. Using a direct-to-rail landing zone section on the terminal during vessel discharge operations, APM Terminals Elizabeth is able to expedite rail cargo to its near dock rail facility 12 hours (avg.) after discharge. Once cargo arrives at the Millennium Marine Rail-operated terminal (an APM Terminals joint venture), port Labor and APM Terminals teams work on the 18 track rail operation building doublestack trains for fast handoff to three Class I railroads (CSX, NS, CN) that take it to inland markets 2-4 days away. On the return trip, trains carrying U.S. exports call the terminal for loading on vessels, ensuring a smooth roundtrip railcar flow. Jon Poelma, Managing Director of APM Terminals Elizabeth said “Our rail service has been very stable and consistent – thanks to our Longshore Labor partners doing a fantastic job with productivity and availability. Rail carriers are benefitting from the strong import and export market as they see their intermodal cargo volumes continue to grow. Locomotive and railcar availability throughout the pandemic has been steady and reliable.” APM Terminals Elizabeth also works closely with The Port Authority of New York and New Jersey to ensure train performance and rail infrastructure in the port is supportive of the growth. The Port of New York and New Jersey has the largest rail lift capacity of any U.S. East Coast port. “Being the first port of call for the majority of U.S. East Coast-bound ocean carriers is a huge benefit and value for customers and partners of the Port of New York and New Jersey because we have the ability to move a container off a vessel to major inland markets before the vessel even leaves our port,” said Sam Ruda, director of the Port of New York and New Jersey. “The coordination between our marine terminal operators, Class 1 railroad partners and Conrail has kept our ExpressRail system fluid and efficient during the record-breaking cargo surge facing ports nationwide, giving us the ability to flex cargo capacity whenever the need arises. Our close collaboration with port stakeholders such as APM Terminals and the waterfront workforce has been key to the success of the port during a historic moment at the port made only more challenging by the overlay of the global COVID-19 pandemic.” APM Terminals Elizabeth’s Director of Rail, Cecily Holmes added ‘We are keeping pace with the customer demand we’re seeing in our imports and exports coming through the terminal. Our rail providers are performing well and our operational goal of integrated supply chains is on the mark.” APM Terminals Elizabeth recently completed a $200 million infrastructure investment that made the terminal better and safer for ships, truckers and rail operations. New infrastructure, including new ship-to-shore cranes, modernized IT systems and new truck gates were added. To achieve safer operations, the terminal rolled out artificial intelligence to trigger a notification to the Terminal Safety team to respond to the trucker location when a trucker steps out of the truck. (The terminal handles over 5000 truck gate activities daily). APM Terminals Elizabeth has also rolled out an appointment visibility app as well as a mandatory driver induction app to ensure driver safety awareness policies on the terminal for truckers. Truck turn times are averaging 52 mins for all moves and detention times for import containers are down 75% as customers take delivery of import cargo faster. This performance prompted The Bi-State Motor Carriers Association to award the terminal – terminal of the year 2021.

U.S. unveils new cyber mandates for passenger and freight rail carriers

Bloomberg | December 02, 2021 | Intermodal News | Rail

Southeastern Freight Lines promotes Jon-Austin Volland to Service Center Manager in Baton Rouge, Louisiana
Southeastern Freight Lines promotes Jon-Austin Volland to Service Center Manager in Baton Rouge, Louisiana

AJOT | December 02, 2021 | Intermodal News | Road

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced Jon-Austin Volland has been promoted to service center manager in Baton Rouge, Louisiana.

Norfolk Southern announces CEO transition
Norfolk Southern announces CEO transition

AJOT | December 02, 2021 | People | Appointments | Intermodal News | Rail

Jim Squires to retire in May 2022; Alan Shaw named successor

Greenbrier announces orders for 6,200 railcars valued at $670 million

AJOT | December 02, 2021 | Intermodal News | Rail

Rail Traffic for November and the Week Ending November 27, 2021

AJOT | December 01, 2021 | Intermodal News | Rail | By The Numbers

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