News Wire: NS to reopen Debutts Yard hump

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Posted by Brian Schmidt on Wednesday, May 16, 2018 8:53 AM

BOSTON — Norfolk Southern will reopen the yard hump at DeButts Yard in Chattanooga, Tenn., as it works to ease congestion amid rising traffic volumes, CEO Jim Squires told an investor conference today. Service has suffered on NS due to congest...

http://trn.trains.com/news/news-wire/2018/05/15-ns-to-reopen-debutts-yard-hump

Brian Schmidt, Associate Editor Trains Magazine

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Posted by BaltACD on Wednesday, May 16, 2018 10:12 AM

Gridlock is amazing!

         

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Posted by 466lex on Thursday, May 17, 2018 11:35 AM
“We’re holding our own against strong volume growth,” Squires says. “Volume on our network is at a 12-year high.”
 
EDGAR never forgets: 2018* vs. 2006** NS Loads Data
 
Merchandise CLs:  -16%
Coal & Coke CLs:    -41%
Total CLs:                 -25%
IM Loads:                +33%
Total Loads:              -2%
*Average Weekly Loadings for first 19 weeks of 2018
**Average Weekly Loadings for first 26 weeks of 2006
 
Just for fun:  The same data for CSX.
Merchandise CLs:   - 7%
Coal & Coke CLs:   -55%
Total CLs:                -26%
IM Loads:                +32%
Total Loads:             - 8%
 
And for the “East” as a whole:
Merchandise CLs:  -12%
Coal & Coke CLs:    -49%
Total CLs:                 -26%
IM Loads:                 +32%
Total Loads:              -5%
 
The CL “Harvest” strategy on full display.
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Posted by oltmannd on Thursday, May 17, 2018 6:19 PM

466lex
“We’re holding our own against strong volume growth,” Squires says. “Volume on our network is at a 12-year high.”
 
EDGAR never forgets: 2018* vs. 2006** NS Loads Data
 
Merchandise CLs:  -16%
Coal & Coke CLs:    -41%
Total CLs:                 -25%
IM Loads:                +33%
Total Loads:              -2%
*Average Weekly Loadings for first 19 weeks of 2018
**Average Weekly Loadings for first 26 weeks of 2006
 
Just for fun:  The same data for CSX.
Merchandise CLs:   - 7%
Coal & Coke CLs:   -55%
Total CLs:                -26%
IM Loads:                +32%
Total Loads:             - 8%
 
And for the “East” as a whole:
Merchandise CLs:  -12%
Coal & Coke CLs:    -49%
Total CLs:                 -26%
IM Loads:                 +32%
Total Loads:              -5%
 
The CL “Harvest” strategy on full display.
 

Perfect.  This was just what I was looking for...

This data also shows the future is intermodal.  Railroad in the future has to be geared for intermodal.

From:  https://www.freightwaves.com/news/norfolk-csx-union-railroads

"Squires said traditionally, the intermodal business is a lower-margin business than the company's merchandise and coal segments, but that is not the case at present."

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by 466lex on Thursday, May 17, 2018 10:48 PM
"Squires said traditionally, the intermodal business is a lower-margin business than the company's merchandise and coal segments, but that is not the case at present."
 
Color me somewhat skeptical.  In another recent Newswire post, it was noted that in 1st Q, 2018, NS came in last in the OR rankings, barely breaking the 70 mark, at 69.3.  Being the curious sort, I mused over the fact that NS Intermodal volumes YTD are running 8% over 2017, while at CSX Intermodal is up only 1%.  The comparisons made me wonder about overall 1st Q 2018 rankings for the Class 1s:
 

                  Rank              Inverted Rank

                    By                   by IM % of

                    OR                 Total Loads

 

CSX               1                          1  (45%)

UP                 2                          2  (48%)

BNSF             3                          3  (53%)

NS                 4                           4  (55%)

 

Well, I’ll now take my statistical tongue out of my statistical cheek, but … where DID EHH find all of those locomotives to park …?

Hint:

“The intermodal business at CSX has "turned the corner" faster than other parts of the CSX business, Lonegro said. The domestic intermodal business is down about 3% year over year, he said, but a lot of that is the result of rationalization of service rather than a true downturn.”  (From “Freightwaves.”)

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Posted by BaltACD on Thursday, May 17, 2018 10:58 PM

466lex
 where DID EHH find all of those locomotives to park …?

Hint:

“The intermodal business at CSX has "turned the corner" faster than other parts of the CSX business, Lonegro said. The domestic intermodal business is down about 3% year over year, he said, but a lot of that is the result of rationalization of service rather than a true downturn.”  (From “Freightwaves.”)

Blood Pressure was Zero - that was because the heart stopped beating, not because the individual died.

         

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Posted by oltmannd on Friday, May 18, 2018 1:33 PM

466lex
"Squires said traditionally, the intermodal business is a lower-margin business than the company's merchandise and coal segments, but that is not the case at present."
 
Color me somewhat skeptical.  In another recent Newswire post, it was noted that in 1st Q, 2018, NS came in last in the OR rankings, barely breaking the 70 mark, at 69.3.  Being the curious sort, I mused over the fact that NS Intermodal volumes YTD are running 8% over 2017, while at CSX Intermodal is up only 1%.  The comparisons made me wonder about overall 1st Q 2018 rankings for the Class 1s:
 

                  Rank              Inverted Rank

                    By                   by IM % of

                    OR                 Total Loads

 

CSX               1                          1  (45%)

UP                 2                          2  (48%)

BNSF             3                          3  (53%)

NS                 4                           4  (55%)

 

Well, I’ll now take my statistical tongue out of my statistical cheek, but … where DID EHH find all of those locomotives to park …?

Hint:

“The intermodal business at CSX has "turned the corner" faster than other parts of the CSX business, Lonegro said. The domestic intermodal business is down about 3% year over year, he said, but a lot of that is the result of rationalization of service rather than a true downturn.”  (From “Freightwaves.”)

 

OR went down.  Only IM traffic up materially.  That could mean that incremental IM business contributes more than the overall OR. 

IM business is not a "loser".  

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by CandOforprogress2 on Friday, May 18, 2018 3:05 PM

Humping in Debutts!Angry

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Posted by Uncle_Bob on Friday, May 18, 2018 8:19 PM

BaltACD

 

 
466lex
 where DID EHH find all of those locomotives to park …?

Hint:

“The intermodal business at CSX has "turned the corner" faster than other parts of the CSX business, Lonegro said. The domestic intermodal business is down about 3% year over year, he said, but a lot of that is the result of rationalization of service rather than a true downturn.”  (From “Freightwaves.”)

 

Blood Pressure was Zero - that was because the heart stopped beating, not because the individual died.

 

That presupposes EHH ever *had* a heart to stop beating in the first place.

BTW, can it be confirmed that he's not actually undead, cursed to wander the Earth forever, doing the bidding of whatever corporate raider asks him to bleed a railroad of its long-term vitality for their short-term benefit?

 

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Posted by 466lex on Saturday, May 19, 2018 11:16 AM
oltmannd said:  “OR went down.  Only IM traffic up materially.  That could mean that incremental IM business contributes more than the overall OR.”
 
An interesting statistical speculation, for sure.  If only there were public data (OT STB URCS runs) for railroads’ traffic segment profitability ….
 
With this year’s significant up-turn in intermodal volumes, I wonder if we will be seeing expansion investment announcements for terminals, TTX cars, etc.  Perhaps the announcements (or lack thereof) will be a clue as to the internal evaluation of intermodal profitability.  With regard to NS, I noted with interest a few years ago that they significantly pared back on intermodal investment (Crescent Corridor, Triple Crown, etc.).  Now that Mike McClellan is heading NS strategic planning, NS decisions on intermodal expansion will be particularly interesting to follow.
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Posted by 466lex on Saturday, May 19, 2018 12:28 PM
Earlier in this thread, I noted this CSX executive comment:
 
““The intermodal business at CSX has "turned the corner" faster than other parts of the CSX business, Lonegro said. The domestic intermodal business is down about 3% year over year, he said, but a lot of that is the result of rationalization of service rather than a true downturn.” 
 
after wondering, “ … where DID EHH find all of those locomotives to park …?”
 
So I did a comparison of scheduled weekly CSX intermodal train starts now (mid-May, 2018), with those of mid-April of last year (2017), as posted here:  http://railroadfan.com/wiki/index.php/CSX_Train_Symbols#000_Q-series_-_Priority_Trains.2FIntermodal
 
Remarkably (and remarkably unpublicized), if “RailroadFan.com” is accurate, CSX reduced weekly intermodal train starts by 213 (-36%) or 30 per day.  Yet, Year-to-Date volume is actually up 1.1%.  The effect on CSX intermodal profitability has to be dramatic.  Investible? 
 
(Note, that trade press reported that some of the IM traffic in low-volume lanes would move on manifests.)
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Posted by Murphy Siding on Saturday, May 19, 2018 12:55 PM

466lex
“We’re holding our own against strong volume growth,” Squires says. “Volume on our network is at a 12-year high.”
 
EDGAR never forgets: 2018* vs. 2006** NS Loads Data
 
Merchandise CLs:  -16%
Coal & Coke CLs:    -41%
Total CLs:                 -25%
IM Loads:                +33%
Total Loads:              -2%
*Average Weekly Loadings for first 19 weeks of 2018
**Average Weekly Loadings for first 26 weeks of 2006
 
Just for fun:  The same data for CSX.
Merchandise CLs:   - 7%
Coal & Coke CLs:   -55%
Total CLs:                -26%
IM Loads:                +32%
Total Loads:             - 8%
 
And for the “East” as a whole:
Merchandise CLs:  -12%
Coal & Coke CLs:    -49%
Total CLs:                 -26%
IM Loads:                 +32%
Total Loads:              -5%
 
The CL “Harvest” strategy on full display.
 

How does it compare to 2007?

If 2018 is year 12, 
2017 is year 11
2016>10
2015>9
2014>8
2013>7
2012>6
2011>5
2010>4
2009>3
2008>2
Then 2007 is year 1.

      It might depend on how you slice the pie. Wasn't 2007 the first rough year of the recession? 

Thanks to Chris / CopCarSS for my avatar.

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Posted by 466lex on Saturday, May 19, 2018 1:03 PM

EDGAR has the data:  https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html

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