Class I

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Intermodal uptick once again offsets carload dip According to the most recent figures from the Association of American Railroads (AAR), yet another increase in intermodal traffic helped offset carload traffic decreases especially in coal, metallic ores and metals, and nonmetallic minerals.

intermodal-traffic-at-record-high
According to figures reported by the Association of American Railroads (AAR) for the week ending April 18, 2015, this is the second highest week on record for intermodal volume, up 8.1% compared to 2014. Total U.S. weekly rail traffic was 556,432...
volume-decline-affects-up-earnings-capex-plan-reduced
Core pricing gains helped Union Pacific achieve 9% earnings per share growth in the first quarter of 2015, but EPS would have been stronger had a sharp drop in volume not occurred. One effect: The 2015 capital program has been...
kcs-reports-flat-first-quarter
A 1% decrease in overall revenue combined with a 1% increase in carload volume compared to the prior-year period produced relatively flat first-quarter 2015 financial results for Kansas City Southern’s combined North American operations. Overall revenues were $603.1 million, compared to...
ice-squires-among-nars-headliners
Two Class I railroad presidents, BNSF’s Carl Ice and Norfolk Southern’s James Squires, will keynote the May 27 and May 28 sessions, respectively, of the North American Rail Shippers (NARS) 2015 annual meeting at the Drake Hotel, Chicago. “Discover the Possibilities”...
stb-issues-tongue-river-railroad-draft-eis
The Surface Transportation Board’s (STB) Office of Environmental Analysis (OEA) has issued a Draft Environmental Impact Statement (Draft EIS) for public review and comment of Tongue River Railroad Company’s (TRRC) proposed construction and operation of an approximately 42-mile new common...

ice-squires-among-nars-headliners
Two Class I railroad presidents, BNSF’s Carl Ice and Norfolk Southern’s James Squires, will keynote the May 27 and May 28 sessions, respectively, of the North American Rail Shippers (NARS) 2015 annual meeting at the Drake Hotel, Chicago. “Discover the Possibilities”...
fra-phmsa-pile-on-the-paperwork
The Federal Railroad Administration (FRA) and Pipeline and Hazardous Materials Safety Administration (PHMSA) on April 17, 2015 issued what they describe as “a package of targeted actions that will address some of the issues identified in recent train accidents involving...
cn-posts-a-strong-first-quarter
Taking full advantage of strong demand for its services and benefitting from a milder winter than last year’s deep freeze, CN posted strong first-quarter 2015 financials. CN’s first-quarter 2015net income was C$704 million, or C$0.86 per diluted share, compared with net...
stb-issues-tongue-river-railroad-draft-eis
The Surface Transportation Board’s (STB) Office of Environmental Analysis (OEA) has issued a Draft Environmental Impact Statement (Draft EIS) for public review and comment of Tongue River Railroad Company’s (TRRC) proposed construction and operation of an approximately 42-mile new common...
cn-locomotive-engineers-ratify-new-labor-agreement
Canadian National Railroad Company (CN) locomotive engineers, represented by the Teamsters Canada Rail Conference (TCRC) union, have established a new collective agreement with the company, CN announced on April 16, 2015. The three-year agreement retroactive to Jan. 1, 2015, provides wage...