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Intermodal drop-off spans seven consecutive weeks

(Source: Railway Age, September 22, 2021) NEW YORK — For the week ending Sept. 18, 2021, U.S. Class I railroads hauled 234,790 carloads, up 3.5% from the same point last year, but the 270,832 containers and trailers they moved fell 8.3% from 2020, the Association of American Railroads reported on Sept. 22. This is the…

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Coordinated Bargaining Coalition Update

September 22, 2021 — The Rail Unions comprising the Coordinated Bargaining Coalition (CBC), negotiating together in the current round of National Negotiations, have issued the following statement: “As we advised in January of 2021, the CBC and the nation’s rail carriers have been at the bargaining table since the beginning of 2020. Since January, CBC…

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CN to cut 1,000 jobs as part of new strategic plan

(Source: Railway Age, September 21, 2021) NEW YORK — A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and “beneficial owner” TCI Fund Management Ltd., CN on Sept. 17 announced its “Full Speed Ahead – Redefining Railroading”…

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Week 36: Intermodal volume a drag on U.S. rail traffic total

(Source: Progressive Railroading 09/16/2021) U.S. railroads logged 468,610 carloads and intermodal units for the week ending Sept. 11, a 1.3% decrease compared with the same week last year, according to Association of American Railroads (AAR) data. Total carloads for the week were 223,710 units, up 4.5%, while intermodal volume was 244,900 containers and trailers, down 6%. Six…

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