Norfolk Southern’s Chicago delays could cause challenges for Deere, Ikea

Cons. Discr. - Durables 407 Cons. Discr. - Retailing 375 Corp - Ports 829 Corp - Shipping 879 Industrials - Capital Goods 520 Mode - Containerized 1356 Mode - Rail 93 Mode - Seaborne 1690 U.S. 4938

A backlog at Norfolk Southern’s Chicago railyard is reportedly causing shipping delays at U.S. east coast ports. Average daily railcar counts at Norfolk Southern’s Calumet Yard in Chicago increased 19.7% sequentially in the four weeks to March 31 versus a 3.8% decline for all yards in the city. Norfolk Southern’s network connects to six major east coast seaports, including Newark / New York and Baltimore, with major cities including Pittsburgh, Cleveland, Detroit and Chicago. Total U.S. seaborne imports arriving at Newark / New York and Baltimore and headed to those four cities were equi...

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