CSX Transportation

It's pretty substantial.

Major railroads like CSX, Union Pacific, and Norfolk Southern, they have gotten around 5% more volume because of the truck-to-rail conversion.

And this is the second consecutive quarter that they have talked about gaining more volume.

And this news has also boosted their stock prices significantly.

Coming up, we also have a report speaking of moving to rail with the cost of fuel right now.

According to CSX, I believe it was this past day, they're saying they are seeing a jump in in cargo moving from the roads to the rail due to the higher fuel costs, with obviously commodities that can maybe take a little longer to get from point A to point B. Rail's not the go-to method for perishables and things of that nature, but they're seeing a jump moving to rail.

18 before the hour.

All right, Eagle got to get in early tonight.

Additionally, the Express Parcel Index is projected to reach a record high for the fifth consecutive quarter.

Many shippers are opting to shift freight from the highways to railways as a way to offset record fuel costs.

Union Pacific, Norfolk Southern, and CSX all reported increased third quarter profits and revenue.

It cost us way less per ton than to move products across the U.S., according to Union Pacific's CEO during his earnings call late last week.

In industry news, Trains reports high diesel prices and tight trucking capacity have shifted freight to rail, lifting U.S. domestic intermodal volume by 8% this year and supporting some carload commodities.

Union Pacific, Norfolk Southern, and CSX executives said retaining the gains will depend on consistent, reliable service once trucking conditions normalize.

UPCEO, Jim Venna acknowledged some freight will return to highway.

NSCEO, Mark George said railroads must become more flexible in adding train and engine crews when volumes rise.

CSX Chief Commercial Officer Mary Claire Kenny similarly emphasized dependable door-to-door performance.

UP and NS argue their proposed merger would permanently improve rail's value proposition through single-line service and additional truck-to-rail conversions.

Trains reports U.S. Representative John Joyce is seeking answers from the Federal Railroad Administration in Norfolk Southern after four derailments in Blair County, Pennsylvania since February.

UP's domestic intermodal volume rose 13% year over year in the third quarter, marking a fifth consecutive quarterly record, and the railway has returned previously idle containers to service.

To your question really around, does that mean that they are responsible for adopting technology? And in many cases, it is crazy to think that if you're working with 80 different trucking carriers or 10 different uh, steamship lines or the seven different major railroads that they are all individually going to be providing you with technology that fits your explicit and unique needs.

So more often than not, and this is where ERPs and transportation management systems and warehouse management systems, and even, you know, certain like unique and niche technology have had to come in and kind of fill those gaps because even the best performing tech team at a trucking carrier, like a Werner or JB Hunt, uh, or at a BNSF or a UP or CSX can't fully form fit everything that they're doing on a day-to-day basis to actually meet every single shipper's expectations.

And that kind of would be a foolhardy journey as well of a lot of resources to maintain a lot of things that probably aren't actually driving incremental revenue back into the organization.

So...