NEWS\\\ News Roundup
CSX and Wabtec are partnering to accelerate sustainable rail by modernizing locomotives across CSX’s fleet and implementing advanced digital technologies to deliver significant fuel efficiency and emissions reductions for CSX’s rail operations. The partnership will help CSX in their commitment to reduce greenhouse gas emissions intensity by 37% by 2030.elp improve upon industry leading fuel efficiency efforts and move companies closer to their climate impact goal of reducing greenhouse gas emissions intensity by 37% by 2030.
The American Trucking Associations announced it is accepting applications for the ninth LEAD ATA class. Rising, young executives are encouraged to apply to the industry’s top leadership development program. Established in 2013 and proudly sponsored by DriverReach, LEAD ATA provides up- and-coming trucking professionals an exclusive opportunity to expand their knowledge and skills through the industry’s largest association.
The Association of America Railroads comments that the Biden Administration’s announcement in a recent executive order includes a misguided direction to interfere with functioning freight markets that could ultimately undermine railroads’ ability to reliably serve customers. In part, the executive order called on the independent Surface Transportation Board (STB) to consider a forced switching rule and other policy changes.
Canadian Pacific Railway Limited said that the executive order signed by President Biden addressing competition in the U.S. economy sends clear messages: no rail mergers that reduce competition or hurt passenger service and that the U.S. economy needs more competition among railways. A CP-KCS combination would be a positive step toward more competition – not less – in the freight rail industry with no need for regulatory solutions. In contrast, a proposed CN-KCS combination creates competitive issues and reduces options for rail customers that will require additional regulation to overcome.
Union Pacific announced a “We Are One” summer tour that features a new commemorative locomotive dedicated to diversity and togetherness. The brightly colored locomotive will start its 2021 journey in Houston, Texas, on Juneteenth, the holiday that celebrates freedom and marks the end of slavery in the U.S. UP No. 1979 is only Union Pacific’s 18th commemorative locomotive.
PITT OHIO has been named among America’s Best Employers by ForbesMagazine for the first time, ranking number 328 out of the 500 companies listed. Forbes partnered with market research firm Statista to compile the list by surveying 50,000 Americans working for businesses with at least 1,000 employees. Participants were asked to rate their willingness to recommend their own employers to friends and family, and to nominate organizations other than their own. The final list ranks the 500 large and 500 midsize employers that received the most recommendations.
Yellow CorporationP&D driver,Herschel Evans, has been named 2021 “Coach of the Year” by Lytx®, a global provider of machine vision and artificial intelligence-powered video solutions for trucking fleets. Each year, Lytx honors trucking professionals who champion safety and who go above and beyond in their work, using the Lytx Driver Safety Program. Lytx recognized drivers in six categories: government, services and utilities, transit/motor coach, for-hire trucking, private trucking and waste/construction.
C. R. England announced its largest driver pay raise in company history and third historic pay increase for drivers since 2018. The pay increase will benefit C.R. England’s line haul drivers in the Over the Road Division (OTR) and drivers in training and took effect April 22, 2021.
Road & Rail
Following 2020’s e-commerce boom and impressive express and small parcels market growth, Transport Intelligence’s (Ti) latest post-Covid market projections reveal express market growth will slow slightly, with 2021 growth forecast at 8.9%.
The international market
is expected to grow by 10.0%, driven by a rapid rise in global trade volumes, as well as continued substantial cross- border e-commerce volumes. The domestic express market is expected to grow by8.6%in 2021,
Issue 6 2021 - FBJNA
Global Express and Small Parcels Market Forecasts2020-2025
a moderation from 2020’s 13.2% growth as e-commerce adoption rates stabilize. Ti’s forecasts show that the
global express and parcels market is forecast to grow at areal 2020-2025 compound annual growth rate (CAGR) of 7.5%.
5 A free whitepaper is available
on the topic by visiting the TI website. The whitepaper contains a breakdown of post-Covid 2021 growth expectations, 2020-2025 CAGR projections and regional, domestic and international performance.
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