Collapsing volumes and revenue are the trend in North America’s intermodal sector, with three of the four big carriers reporting sizeable losses in the third quarter.
However, bucking the trend is recently merged rail operator Canadian Pacific Kansas City Southern, which saw a 1.5% bump in intermodal revenue for the three months to September, and year-to-date revenue up 8% on 2022.
CEO Keith Creel said: “We are now more than six months …
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