News / North American intermodal traffic hits the buffers, but some signals are brighter

first_img That sinking feeling continues: the Association of American Railroads (AAR) is looking back on a bleak year for intermodal traffic, and for the week that ended October 19, the organisation reported a 9.3% downturn in intermodal volumes.The previous week produced a 6.6% drop, and AAR members have now rolled through 42 consecutive weeks of continuing decline in their intermodal business. The tally for the year to date shows a drop of 4.3% in volume.With 1.06 million containers and trailers moved, last month was the lowest September for the AAR since 2016, and July and August were scarcely better. In the third quarter, AAR operators handled 5.1 million units, down 4.6% on a year ago.But for Union Pacific and CSX, intermodal business fell considerably more, the former reporting a drop of 11%, to 1 million units in Q3, with intermodal revenue falling 9%, while at CSX, volume was down 9%, to 673,000 units, and revenue fell 11%.Non-US rail carriers did not fare a lot better: Canadian rail companies saw intermodal volumes decline by 4.6%, while Mexican intermodal traffic dropped 2.5%.And the numbers from the Intermodal Association of North America (IANA) are as equally dismal as those from the AAR. The organisation, which includes other players involved in intermodal business besides rail companies, registered a 3.75 drop in volumes in September, to 1,49 million units. Container traffic slipped by 3.9%, while trailers slumped 19.1%JB Hunt, the largest intermodal marketing company on the scene, reported flat Q3 volumes compared with last year. But revenue per mile and margins were both down. However, this marked an improvement on the second quarter, when volumes dropped 7.6% and operating income sank 7%.Operators that focus on international intermodal traffic have laid the blame squarely on the impact of tariffs on imports, particularly from China.Gene Seroka, executive director of the port of Los Angeles, said “the ill-advised US-China trade war continues to wreak havoc on American exporters and manufacturers”.IANA attributed the weakness in the international segment to slowing global trade, and agreed tariffs had been an issue. For the domestic decline, it pointed to increased available truck capacity, leading to softer prices and more aggressive competition from that side.CSX and Union Pacific top brass have blamed the US economy and a sluggish trucking market for the decline in their intermodal business.However, pundits have commented that neither of these two carriers appeared particularly concerned about their intermodal setbacks. If trucking firms managed to capture some intermodal business, it was arguably as much a result of their pricing approach as of a lack of response from the rail side. Both CSX and Union Pacific seem to be more focused on their transition to ‘precision railroading’ and have, reportedly, largely held the line on their intermodal pricing.According to JB Hunt, CSX’s transition to precision railroading led to the elimination of hundreds of traffic lanes, resulting in the loss of between 50,000 and 70,000 intermodal loads.Another factor for the rail companies’ muted response to the loss of intermodal business was likely an underlying confidence that there are better times ahead. A number of intermodal operators have signalled hopes that business will rebound before long.JB Hunt management expects the fourth quarter to produce higher volumes than in the same period last year. It looks to leverage its JB Hunt 360 portal for quotes and booking of truckload, LTL and intermodal shipments to boost traffic. In addition, it is planning to boost its reefer fleet in order to sustain double-digit growth in intermodal reefer business.Overall, the outlook for the coming decade looks modestly positive, according to the view from the rival perspective. The American Trucking Association’s recently published Freight Transportation Forecast: 2019 to 2030, predicts that trucking and total rail transport will lose market share (despite increases in tonnage and revenues), while intermodal business will show modest growth. By Ian Putzger 25/10/2019 © Wangkun Jia last_img read more

Laois man hailed ‘a hero’ after quick thinking on site of emergency

first_img Rugby One Portlaoise man has been hailed a hero after helping a young man at the scene of an accident outside Portlaoise last Friday, July 27.Trevor Fennell from St Brigid’s Place Portlaoise found the man who suffered an injury on a bike in Dysart Woods.Trevor phoned the emergency services and looked after the severely injured man until paramedics arrived.‘A local hero’ Trevor’s friend Denis Goulding hailed the Portlaoise man as, “A local hero. The man would have died without his intervention.”We spoke to Trevor after the incident. “I was a little bit shocked and relieved to be honest. I was relieved to have come across him because although he was in touch with emergency services it was his first time in Dysart woods and wasn’t familiar with the woods. Twitter Pinterest Facebook Pinterest Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp Facebook By Siun Lennon – 1st August 2018 center_img Five Laois monuments to receive almost €200,000 in government funding Laois man hailed ‘a hero’ after quick thinking on site of emergency Previous articleHistory of a remarkable Laois coalmine is being explored in the DunamaiseNext articleAny hurls? Any helmets? It’s Junior ‘C’ hurling championship day Siun Lennonún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. WhatsApp Home News Community Laois man hailed ‘a hero’ after quick thinking on site of emergency NewsCommunity Ten Laois based players named on Leinster rugby U-18 girls squad Community “The area of the woods where the chap had the accident wouldn’t be a popular trail because of the steep climb and bad footing so there wouldn’t be much footfall in that area,” said Trevor.An Air Ambulance came and brought the injured man to hospital. He suffered a badly bruised spine, a broken rib and collar bone but is on the mend to full health.As many people who are given the ‘hero’ status do, Trevor downplayed his actions.“I suppose when I came upon him I just kept calm and because I know the woods well I knew the emergency services would find us quick,” he added.SEE ALSO – Heatwave predicted for Laois this bank holiday weekend TAGSAir ambulanceDysart WoodsLocal hero Community last_img read more

Technological University must recognise potential of Killybegs campus – Pringle

first_img Derry draw with Pats: Higgins & Thomson Reaction WhatsApp DL Debate – 24/05/21 Facebook Previous articleMica homeowner believes campaign for 100% redress needs to go to DublinNext articleUnemployment in Ireland could reach 390,000 – the highest figure since 1986 News Highland A Donegal Deputy says it’s vital the new Technological University recognises the potential of LYIT’s Killybegs campus.On Friday, the application for a new Technological University which would encompass Letterkenny Institute of Technology, Sligo IT and GMIT came before Minister Simon Harris after TUI members at each college voted in favour of the move.Deputy Thomas Pringle believes the Killybegs campus can play a huge part in the overall university picture for the North West.He says there is huge potential:Audio Player Up/Down Arrow keys to increase or decrease volume. AudioHomepage BannerNews WhatsApp Google+ Pinterest Twitter Google+center_img Harps come back to win in Waterford FT Report: Derry City 2 St Pats 2 RELATED ARTICLESMORE FROM AUTHOR Twitter Journey home will be easier – Paul Hegarty Facebook By News Highland – May 24, 2021 Technological University must recognise potential of Killybegs campus – Pringle Pinterest News, Sport and Obituaries on Monday May 24thlast_img read more

Lee Cortry Medford, Jr.

first_imgLee Cortry Medford, Jr., 67 of Port Arthur, Texas passed away Friday, September 30, 2016. A native of Port Arthur, he attended school in the Port Arthur school system and later attended Lamar University. Lee moved to Union, MS and retired from Taylor Machine Works with 25 years of service. Next Up He leaves to cherish his memories his wife, Elma Grace Medford; two sons, Jason C. Medford, Sr. (CoCo) and Benjiman Overton of Union, MS; one daughter, LaShonda Overton of Union, MS; two grandsons; one granddaughter, one niece, one nephew; and a host of aunts uncles, other relatives and friends.Funeral service will be 11 a.m. Saturday, October 8, 2016 at Gabriel Funeral Home Chapel with visitation from 9 a.m. until service time. Burial will follow in Live Oak Cemetery under the direction of Gabriel Funeral Home.last_img read more