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In The News

Due to changes in security implemented by Railinc (see separate article Tracing Cars) the Class I websites have changed their options for tracing cars. NS, for example, no longer offers a Steelroads trace option.

The Wall Street Journal reported in its edition for April 15, 2019, that “Russian aluminum giant United Co. Rusal plans to invest $200 million in a Kentucky rolling mill that would be the largest new aluminum plant built in the U.S. in nearly four decades.”

In the Cowan & Company survey for the 1st quarter of 2019 rail shippers reported an expectation that the average base rates will increase 3.4% over the next 6-12 months.

At the NEARS conference in Baltimore Bob Pickel, Sr. VP Marketing & Sales for National Steel Car Limited, reported that tank cars currently make up 26% of the entire railcar fleet in North America and are 43% of the backlog of new cars being built.

Have the steel tariffs made a difference? Total domestic steel production for 2019 thru April 20th is nearly 2 million tons more than the same period in 2018 or 7 percent higher, and the capability utilization rate is 82% vs. 76% for 2018. Maybe the tariffs aren’t the only reason, but maybe they are one of the reasons. More details available below.

By | 2019-04-30T14:45:24+00:00 April 30th, 2019|logistics|0 Comments

About the Author:

Dennis Wilmot started Iron Horse in January 2002 after eleven years working for rail carriers and sixteen years for private corporations. My full details are available @ https://www.linkedin.com/in/dennisewilmot

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