CSX sees rail conversion opportunities from battered trucking market

The railroad is reviewing shipper truckload files to provide service and cost comparisons for intermodal opportunities.

Continued elevated diesel costs, reduction in trucking availability and high truck rates continues to benefit CSX’s intermodal segment, Kenney said.

Diesel prices remains a top concern in the trucking industry. As of Oct. 19, diesel fuel was $6.28 per gallon, up from $2.66 a year ago, according to the U.S. Energy Information Administration. The trucking market is also experiencing tighter capacity due to additional compliance requirements and a driver shortage.

“Conversions from the highway remains strong, and the new service offering through Birmingham, Myrtlewood, Baltimore and other areas are performing well and attracting new business,” Kenney said during the call.

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