Intermodal freight volume grew a solid 5.8% in the fourth quarter and set a record of 9 million international intermodal loadings for the year, according to the Intermodal Association of North America.
February 5, 2018Business, Equipment, Logistics
Port of Long Beach Sets Record for Container Volume in a Year
The Port of Long Beach recovered from a rocky 2016 with a record-setting year in 2017, moving 7.5 million industry-standard twenty-foot-equivalent units, the port’s leader announced at the State of the Port address Jan. 24.
January 25, 2018Business, Logistics
Strong 4Q Helps Norfolk Southern Finish Year With a Flourish
Norfolk Southern Corp. released on Jan. 24 results for the fourth quarter and full-year 2017, beating analyst expectations and growing its intermodal revenues by 14% in the quarter.
January 24, 2018Government, Business
CSX Pulls Support for Baltimore Tunnel Renovation
Federal and state lawmakers from Maryland expressed frustration at a decision from CSX Corp. to withdraw its support to fund the renovation of the Howard Street Tunnel near the Port of Baltimore, dealing another blow to the long-awaited project that would allow double-stack trains.
November 2, 2017Business
Intermodal Resurgence Chugging Along in Third Quarter
The bounce back in the intermodal sector continues as volume jumped 6.3% in the third quarter — the highest growth rate in more than three years, according to the Intermodal Association of North America.
November 2, 2017Business, Logistics
AAPA’s New Chairman From Port Everglades Begins One-Year Term
Steve Cernak has officially begun his duties as the new chairman of the American Association of Port Authorities, replacing Mark McAndrews.
October 6, 2017Business, Logistics, TCA
West Memphis, Tenn., Beefing up Deepwater Port’s Rail Service
A $10.9 million upgrade of West Memphis port facilities is under way, increasing connectivity among river, road and rail traffic and offering potential for up to 3,000 new jobs.
October 6, 2017Business
IANA Honors Former Norfolk Southern Executive with Silver Kingpin Award
LONG BEACH, Calif. — The Intermodal Association of North America bestowed Robert Huffman with the Silver Kingpin Award, honoring the retired Norfolk Southern intermodal executive whose career spanned 41 years.
September 27, 2017Business, Logistics
Gem Containers Receives Funding From Crestline
Crestline Investors Inc. will provide an unspecified amount of financing to Gem Containers Ltd. to expand its tank container leasing and management business.
September 25, 2017Business, Logistics
Intermodal Outlook Positive for 2018
LONG BEACH, Calif. — Intermodal transportation has rebounded this year after receding in 2016, and analysts forecast that next year also will be strong for the industry.
September 21, 2017