Family Owned. Business Oriented.
Maintaining the Nations Railroads
An estimate released by the Association of American Railroads (AAR) projects that the nation’s freight railroads will spend approximately $26 billion to build, maintain and upgrade their nationwide rail network in 2014. This continues a decades-long trend of private railroad dollars being used to maintain and upgrade the nation’s freight rail network rather than tax dollars going towards it. Edward R. Hamberger, AAR President and CEO, stated the freight railroads have invested approximately $550 billion of their own money into the rail network since 1980, $115 billion of which was in the last five years alone. The freight rail infrastructure, including bridges, tunnels, tracks and facilities, are constantly being maintained and upgraded to keep up with evolving economic needs such as the increased demand for intermodal shipping. It is also estimated that freight railroads will hire more than 12,000 employees in 2014 in all areas of the industry across the nation.
Maintaining the Nations Railroads
An estimate released by the Association of American Railroads (AAR) projects that the nation’s freight railroads will spend approximately $26 billion to build, maintain and upgrade their nationwide rail network in 2014. This continues a decades-long trend of private railroad dollars being used to maintain and upgrade the nation’s freight rail network rather than tax dollars going towards it. Edward R. Hamberger, AAR President and CEO, stated the freight railroads have invested approximately $550 billion of their own money into the rail network since 1980, $115 billion of which was in the last five years alone. The freight rail infrastructure, including bridges, tunnels, tracks and facilities, are constantly being maintained and upgraded to keep up with evolving economic needs such as the increased demand for intermodal shipping. It is also estimated that freight railroads will hire more than 12,000 employees in 2014 in all areas of the industry across the nation.
Congratulations Brandon
Brandon Stieb, DALKO’s Director of Operations, has been selected for the 40 Under Forty Recognition. The 40 Under Forty Recognition is designed to recognize individuals in the community who are under the age of 40 and who are making their mark in the Shenango Valley, Lawrence County and beyond. Their individual achievements may be through business success, scholastic achievement, athletic excellence, community involvement and/or contributions to the non-profit sector.
Congratulations Brandon
Brandon Stieb, DALKO’s Director of Operations, has been selected for the 40 Under Forty Recognition. The 40 Under Forty Recognition is designed to recognize individuals in the community who are under the age of 40 and who are making their mark in the Shenango Valley, Lawrence County and beyond. Their individual achievements may be through business success, scholastic achievement, athletic excellence, community involvement and/or contributions to the non-profit sector.
Cass Index Report
According to the February Cass Freight Index Report, February shipment volume only rose 7.3 percent from January, the weakest January to February rise on record since 2010. Compared to February 2013, shipment volume for February was down 0.4 percent. February’s freight expenditures rose 6.8 percent from January and 6.4 percent from February of last year.
The good news is, February’s New Order Index rose 3.3 points and the backlog of orders grew 4.0 points indicating that production will likely pickup in the next couple months resulting in more freight that will need to be moved.
Source: Cass Information Systems, Inc.
Cass Index Report
According to the February Cass Freight Index Report, February shipment volume only rose 7.3 percent from January, the weakest January to February rise on record since 2010. Compared to February 2013, shipment volume for February was down 0.4 percent. February’s freight expenditures rose 6.8 percent from January and 6.4 percent from February of last year.
The good news is, February’s New Order Index rose 3.3 points and the backlog of orders grew 4.0 points indicating that production will likely pickup in the next couple months resulting in more freight that will need to be moved.
Source: Cass Information Systems, Inc.
Diesel Fuel Update
The average national diesel fuel price remained steady at $4.02 per gallon for the third week in a row according to the Gasoline and Diesel Fuel Update released by the EIA. The Midwest had the only price decrease this week, but only went down by a penny to $4.01 per gallon. Both the Gulf Coast and Rocky Mountain regions had a two cent increase from last week to $3.81 per gallon and $4.00 per gallon, respectively. Increasing less than one cent, the average diesel fuel price on the West Coast remained at $4.04 per gallon. The East Coast continues to have the highest average diesel fuel price in the nation, remaining unchanged from last week, at $4.16 per gallon.
Diesel Fuel Update
The average national diesel fuel price remained steady at $4.02 per gallon for the third week in a row according to the Gasoline and Diesel Fuel Update released by the EIA. The Midwest had the only price decrease this week, but only went down by a penny to $4.01 per gallon. Both the Gulf Coast and Rocky Mountain regions had a two cent increase from last week to $3.81 per gallon and $4.00 per gallon, respectively. Increasing less than one cent, the average diesel fuel price on the West Coast remained at $4.04 per gallon. The East Coast continues to have the highest average diesel fuel price in the nation, remaining unchanged from last week, at $4.16 per gallon.
