Canadian National Railway (CN) has signed and closed an agreement to acquire Iowa Northern Railway (IANR). IANR operates approximately 275 track miles in Iowa connecting to CN’s US network.
News in transportation
US Weekly Rail Traffic Up 3% Year-Over-Year in the Week Ending October 7th
The Association of American Railroads reported that total US weekly rail traffic increased 3.0% compared with the same week last year.
North American Rail Traffic Report for the Week Ending September 30th
US weekly rail traffic increased 2.8% compared with the same week last year, according to the Association of American Railroads.
Canadian Railway Cargo Volume Slips for Third Consecutive Month in July
StatCan reported that in July, the volume of cargo carried by Canadian railways totaled 28.9 million tons. Year-over-year, that reflects a 5.1% loss of tonnage.
US, Canada, Mexico Rail Traffic Data for the Week Ending September 2nd
US rail traffic was 476,851 carloads and intermodal units, the Association of American Railroads reported. Year-over-year, the volume is 5.4% lower.
CSX Provides Update on Hurricane Idalia’s Impact on Rail Operations
CSX has said it is in the process of “evaluating the impacts” of Hurricane Idalia on its rail network and implementing service recovery plans, according to FreightWaves.
Truckload Capacity Tightens in August—Tender Rejections Increase
The FreightWaves Outbound Tender Reject Index (OTRI) topped 4% in August for the first time since early January, when the trucking market was recovering from the holiday period.
Tropical Storm Hilary Hinders Union Pacific Railroad in Two of Its California Subdivisions
Union Pacific Railroad has suspended service within its Mojave and Yuma subdivisions due to heavy rains and flooding from Tropical Storm Hilary, FreightWaves reported.
Western Canadian Wildfires Disrupt CN Railway Movement
Wildfires in BC have disrupted CN Railway train movement in the Vancouver corridor, according to an August 18th CN Network Update sent to customers and seen by FEA.
BC Dockworkers Ratify New Labor Agreement
Members of the International Longshore and Warehouse Union Canada have voted in favor of accepting a tentative agreement, according to reporting by The Candian Press.