GLG News by Intermodal Railcar Experts

  Con-way Freight, which perennially was the most profitable LTL carrier, is cutting it workforce and forecast for 2008 earnings.   In a sign of how truckers are battening down for what is expected to be a very slow first quarter of 2009 for freight services, non-union Con-way is slashing...

For the past ten years, the BNSF railroad franchise was arguably not only the best in the west but the best in the country.  From the ATSF, it had the quickest overland route from Los Angeles to Chicago, truck or rail, and enjoyed the highest rates and largest volume of traffic from the busiest...

Before the double digit increases in freight rates in 2008, fuel surcharges accounted for almost 25% of the railroad freight rates for many commodities. Today the percentage is probably much higher. As fuel costs rose after 2004, railroads protected themselves against losses by adding the fuel surcharge...

    Despite U.S coal demand forecasted to be down in 2009 for thermal and metallurgical exports, new coal plants coming online will require incremental coal demand.

    Current natural gas prices of approximately $6.00/MMBtu allow electricity generation on natural gas to be more economic compared to coal in certain areas of the U.S.  This is further favored by the time of the year.

U.S thermal coal exports will be down in 2009 versus 2008 since the U.S.’s coal is no longer competitive into Europe and other world locations.

  Moody's Investors Service is lowering YRC Worldwide's credit rating three grades to Caa1, or seven grades below investment quality. The downgrade comes as the nation's largest U.S. trucking concern is asking its 40,000 Teamsters rank-and-file members to approve a 10 percent wage giveback that...

  Celadon Group's purchase of Arkansas-based truckload carrier Continental Express for $24 million is the first significant trucking acquisition of 2008, and may be a sign that the worst is over for the beleaguered trucking industry.   Celadon, an industry leader in north-south truckload...

    The CSX is raising tariff rates for export steam coal on January 1, 2009

  YRC Worldwide, which has suffered losses in four of its last five reporting quarters and seen its stock fall in value by more than 85 percent this year, is asking its 40,000 Teamsters to vote on a proposal to take a 10 percent wage cut in order to save the company an estimated $200 million annually....