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Latest Freight train Stories

2009-12-09 12:26:00

WASHINGTON, Dec. 9 /PRNewswire/ -- The Association of American Railroads (AAR) today reported that November freight rail carloadings were down 8.2 percent compared with the same month last year and down 17.4 percent compared with November of 2007. However, if Thanksgiving week were excluded, November would have been the highest volume month of the year for U.S. railroads. To view the multimedia assets associated with this release, please click...

2009-12-03 08:33:00

Chesapeake Bay Foundation, Conservation Fund and Ohio Environmental Council Join Growing Coalition of Supporters WASHINGTON, Dec. 3 /PRNewswire-USNewswire/ -- The National Gateway today announced that the Chesapeake Bay Foundation, The Conservation Fund and the Ohio Environmental Council have joined the over 100-member coalition of supporters. The endorsement of these leading environmental groups confirms the significant environmental benefits of the $850 million...

2009-11-23 14:46:00

WASHINGTON, Nov. 23 /PRNewswire-USNewswire/ -- In a newly released report, the Federal Railroad Administration (FRA) finds that double stack freight rail transportation is up to five times more efficient than motor carrier transportation. The FRA's "Comparative Evaluation of Rail and Truck Fuel Efficiency on Competitive Corridors" underscores the advantages of projects such as the National Gateway. The National Gateway is a public-private partnership seeking to create a state-of-the-art,...

2009-11-11 17:32:00

WASHINGTON, Nov. 11 /PRNewswire/ -- The Association of American Railroads (AAR) today reported that freight rail carloadings were down 15.3 percent in October 2009 (at 1,100,714 carloads) compared with the same month last year, marking the twelfth straight month of double-digit declines. To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/aar-reports-rail-traffic-remains-down-intermodal-seeing-incremental-gains-69799412.html...

2009-10-14 14:40:00

WASHINGTON, Oct. 14 /PRNewswire/ -- The Association of American Railroads (AAR) today reported that while U.S. rail intermodal traffic in September was down 14.6 percent (to 993,235 units) compared with the same month last year, average weekly intermodal units in September 2009 were the highest since November 2008. In the monthly Rail Time Indicators report and video released today, AAR noted that the relative improvement in intermodal traffic may be related to retailers restocking...

2009-10-07 08:21:00

CALEXICO, Calif., Oct. 7 /PRNewswire/ -- TBM Intermodal has just created an alliance to help expand intermodal shipping port in California to deliver goods to Mexico. Now distributors from the western states and provinces can shorten their trip by up to 500 miles, save 15-30% in costs, and begin their journey to Mexico in Calexico, California. Hardest hit by the recession with the nation's highest unemployment rate at 30.2%, 500 direct and 500 indirect jobs will be created in the Imperial...

2009-09-15 15:24:00

NORFOLK, Va., Sept. 15 /PRNewswire-FirstCall/ -- Norfolk Southern (NYSE: NSC) commended its partners in Pennsylvania, Virginia, Alabama, Mississippi, and Tennessee for their leadership in supporting the Crescent Corridor program (see map) to increase rail freight transportation capacity and improve mobility and the environment. "On behalf of Norfolk Southern, I thank our partners for their farsighted support of the Crescent Corridor," said CEO Wick Moorman. "The Crescent Corridor is a...

2009-09-10 16:43:00

WASHINGTON, Sept. 10 /PRNewswire/ -- The Association of American Railroads (AAR) today reported that while U.S. freight rail carloads declined in August, down 16.4 percent (at 1,116,182 carloads) compared with the same month last year, the percentage decline for the month was the lowest since February. In the Rail Time Indicators Report issued today, AAR released monthly traffic data framed with other key economic indicators to show how freight rail ties into the broader the U.S....

2009-08-18 07:00:00

HONG KONG, Aug. 18 /PRNewswire-Asia/ -- According to a London report issued Aug. 14, dry bulk freight rate index climbed by 2.5% on Friday at Baltic Mercantile and Shipping Exchange, a moderate rise for two consecutive days. Royal Bank of Scotland (RBS) indicated in its report that China's bulk commodity import will slow down, and that China's bulk material import is predicted to drop from record high and slacken afterwards, according to Financial Times, Aug. 17....

2009-07-23 12:38:00

NORFOLK, Va., July 23 /PRNewswire-FirstCall/ -- Tax incentives to expand freight rail capacity would "make sense for America," generating $1 billion in economic benefits and 20,000 green jobs, Norfolk Southern Corporation (NYSE: NSC) CEO Wick Moorman said today on Capitol Hill. "America needs more transportation capacity and needs it now," Moorman said on behalf of the Association of American Railroads during testimony to a U.S. House subcommittee. Noting that today's transportation...