Norfolk Southern Corporation, a leading transportation company, has announced a groundbreaking $600 million agreement in principle to resolve a consolidated class action lawsuit stemming from the East Palestine derailment. The settlement, subject to court approval, marks a significant step in addressing the concerns of affected residents within a 20-mile radius of the derailment site. This…
In a strategic move to bolster cross-border transportation and meet the growing demand for freight services in Mexico, BNSF Railway (BNSF), GMXT (BMV: GMXT), and J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) have jointly unveiled an innovative intermodal service set to commence on January 1, 2024. This collaboration integrates the strengths of BNSF as North…
In September, there were year-over-year increases in both rail carload and intermodal volumes in the United States, according to recent data published by the Association of American Railroads (AAR). The total number of rail carloads for the month reached 921,716, reflecting a 2.3% annual growth, equivalent to 20,754 more carloads. When coal is excluded from…
