CSX Corporation announced Wednesday May 12th, that it has signed an agreement with Quality Distribution to acquire bulk liquid chemicals transportation provider Quality Carriers Inc. (QC). No terms of the agreement were released. Headquartered in Tampa, FL, QC operates the largest liquid bulk chemical trucking network in North America. QC’s network of company terminals, independent …
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What is Rail Fuel Surcharge and Why is it Important?
What is Rail Fuel Surcharge? Simply put, Fuel Surcharge is a tool that was designed for railroads to recover the cost of fuel consumed to move railcars. Fuel Surcharge came about when the cost of fuel increased, and the railroads decided to pass the excess cost onto shippers. The railroads will apply Fuel Surcharge on …
Canadian Pacific & Kansas City Southern Announce Merger Plans
The Canadian Pacific Railway (CP) and Kansas City Southern (KCS) announced that both Class I carriers have entered into an agreement to merge. The initial conditions of the merger stipulates that the CP will acquire KCS stock amounting to $29 billion and will assume the KCS’s outstanding debt estimated to be approximately $3.8 billion. As …
Railroad Cost Indexes Explained
The Association of American Railroads (AAR) and the Surface Transportation Board (STB) calculate several indexes to measure inflation, cost increases, and productivity across rail lines. These indexes can be used to measure the health and status of the rail industry. Some rail contract rates are subject to a railroad cost index, and many contracts state …
Rail Industry Update
As the year 2020 was winding down, we were all quick to look ahead to 2021. Though 2020 had been a trying year, what can we now expect as we move forward? 2020 may have left us with more questions than answers. While we can begin to see the beginning of the end of the …
Rule 11 Railroad Rates Benefit Shippers
Are the railroads telling you they want Through Rates converted to Rule 11? If so, that’s a good thing. Rule 11 railroad rates can give you better pricing visibility and transparency across your routes. With the right information, preparation, and negotiating strategy, you may be able to reduce your rail spend overall. Here’s how. What …
10 Rail Logistics Cost Reduction Strategies
Reducing logistics spending can be an uphill battle, especially in the railroad industry. Many areas are served by a small number of carriers, or even just a single carrier. Rail logistics cost reduction strategies become even more challenging with limited negotiating power. However, there are ways to negotiate and reduce rail transportation costs. As you …
NEARS 2020 Conference Recap
The North East Association of Rail Shippers (NEARS) hosted its annual fall conference remotely September 21, 2020 – Sep 25, 2020. The NEARS 2020 conference consisted of several attendees that represented rail shippers, suppliers, and carriers. This was the first virtual event held by NEARS and proved to be very successful. It was a week-long …
Rail Shipping Rate Quote Delays And Rate Increases Amid COVID-19 Outbreak
The COVID-19 pandemic has changed workplaces and lifestyles across every industry around the globe. Railroad companies are no different. As many employees are working from home or laid off to ensure safe social distancing in the workplace, rail shipping quotes delays and rate increases are appearing more frequently across North America. Are your shipping rate …
Have the Railroads Stopped Negotiating?
Are the railroads telling you that privately negotiated contract rates are reverting to public tariffs? This may become more prevalent, but that does not mean the railroads have stopped negotiating. Public tariffs have long been in existence, providing easy access to rates with low administrative costs. But over the years, many shippers have been successful …
Automated exception reporting of the railcar tracking data makes it easy to identify and troubleshoot jeopardized shipments, thereby enabling you to provide better service to your stakeholders.
Receive notification of pending rate expirations. Tariff changes and fuel surcharges can be automatically updated.