Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
DAT faces criticism over contract terms. Plus, DAT acquires Trucker Tools, RBX declares bankruptcy, and Cargado hits $1M milestone.
Union Pacific hits a revenue high despite a dip in carloads.
Union Pacific Railroad is on an interesting track: its revenues have hit an all-time high of $23.2 billion in 2022, thanks to inflationary assistance. Carload volumes tell another story, shrinking significantly over the years. Even without coal, there's a 9% drop. Yet, UP isn't just sitting in the station.
Car velocity is chugging along 25% faster, while first and last mile services have edged up 2 points to 92%.
Can UP regain its lost carload volume? It's banking on intermodal gains to do just that.
Source: AP News | Trains.com
Canadian rail operations to resume Monday amid labor dispute. Teamsters plan legal challenge despite government intervention.
9,000 railway workers locked out in Canada, risking $250M daily losses. Government orders arbitration to end dispute and restart crucial supply chains.
Ongoing disruptions at US-Mexico rail crossings lead logistics firms to seek alternative transport routes, including trucks and maritime solutions.
Intermodal rail makes a comeback in the U.S. market, and efficiency dynamics transform at Laredo Bridge.
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