Better operations at one railroad is good for all railroads, and the work of several U.S. railroads to convert to precision-scheduled railroading (PSR) is already showing marginal improvement to overall flow, said Canadian Pacific Railway CEO Keith Creel on the first-quarter earnings call Tuesday.
The Virginia Port Truckers Association sent a letter to more than 100 motor carriers asking them to pay drivers for dwell time. The association requests independent contractors be paid $60 per hour when detention exceeds one hour.
Financial strain stemming from the upgrades and fuel changes necessary to comply with the International Maritime Organization's (IMO) sulfur regulations set to go into effect Jan. 1 could "push" carriers into mergers and acquisitions, according to a Drewry analysis.
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