Intermodal rail traffic for U.S. Class 1 railroads grew 8.7 percent year-over-year in the week ending May 21, including a 10.2 percent gain in intermodal container loads to a new 2011 high, according to the Association of American Railroads.
Despite truck shipments stalling in April, an economist says the freight volumes for the remainder of the year should increase as the economic recovery continues to pick up speed. The report comes after truck shipments slipped in April, reversing gains from the prior month, according to the American Trucking Associations.
President Obama’s sweeping spending plan for roads, rail and bridges is shrinking as it travels through Congress. The Senate will begin considering legislation to authorize about $339 billion over six years, which is less than two-thirds of the $556 billion package that Obama proposed in February.
Proposed changes to truck driver Hours of Services (HOS) regulations made by the FMCSA in December have created a potential situation in which the amount of time carriers have to move freight could be significantly curtailed, as well as hinder available trucking capacity.
Net orders for commercial truck trailers dropped 30 percent in April from March after climbing for 18 straight months, according to ACT Research.
– Ben Dundas, Web Analyst