Dive Brief
- More shippers are converting to rail freight as they contend with higher fuel and trucking costs, CSX SVP and Chief Commercial Officer Maryclare Kenney said in a Q1 earnings call.
- The railroad handled a total volume of 1.56 million units in Q1, up 3% year over year, according to its quarterly financial report. Intermodal volumes were also up 6% YoY, with revenue for the segment increasing 5%, Kenney said.
- “Our intermodal business has good momentum with tighter trucking supply and higher diesel prices creating tailwinds for freight conversions,”
“Our intermodal business has good momentum with tighter trucking supply and higher diesel prices creating tailwinds for freight conversions,” — Maryclare Kenney, SVP and Chief Commercial Officer, CSX
Dive Insight
High fuel costs tied to the Iran war are creating opportunities for railroad companies as shippers seek to cut costs before
Source: Supply Chain Dive
Compiled from international media by the SCI.AI editorial team.
