Class I

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AAR: North American carloads flat, intermodal up Combined North American rail volume for the first 16 weeks of 2014 on 13 reporting U.S., Canadian, and Mexican railroads totaled 5,898,862 carloads, flat compared with the same point last year, and 4,984,696 intermodal trailers and containers, up 4.5% compared with last year, the Association of American Railroads (AAR) reported on Thursday, April 24, 2014.

basin-transload-bnsf-to-connect-with-tesoro-oil-facility-via-new-pipeline
Basin Transload LLC, a 60%-owned subsidiary of logistics and marketing company Global Partners LP that transloads crude oil to BNSF, has executed a pipeline connection agreement with Tesoro High Plains Pipeline Company LLC, a subsidiary of Tesoro Logistics LP. Tesoro Logistics...
class-i-employment-registers-modest-monthly-gain
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-March 2014 rose 0.40%, to 162,968, from the same period in February 2014, and registered only a miniscule decrease of 0.06% from the year-earlier (March...
for-norfolk-southern-a-difficult-first-quarter
Coal volume and revenue that dropped 15% and 13%, respectively, in 2014’s first quarter were largely responsible for Norfolk Southern reporting lower net income and operating revenues and a slightly higher operating ratio, compared to the prior-year period. NS reported...
cn-toughs-out-a-challenging-first-quarter
“The winter of a lifetime,” as described by CN President and CEO Claude Mongeau, bumped up CN’s first-quarter 2014 operating expenses and ratio compared to the year-ago quarter, but despite these challenges, the railroad posted gains in revenues, operating income,...
kcs-to-stockholders-be-prepared
Legislation introduced in late 2013 in Mexico’s House of Deputies to amend certain provisions in the Mexican Regulatory Railroad Service Law could have “a material adverse effect” on Kansas City Southern’s consolidated financial statements if the proposed amendments “are ultimately...

cn-toughs-out-a-challenging-first-quarter
“The winter of a lifetime,” as described by CN President and CEO Claude Mongeau, bumped up CN’s first-quarter 2014 operating expenses and ratio compared to the year-ago quarter, but despite these challenges, the railroad posted gains in revenues, operating income,...
for-cp-a-record-first-quarter-2014
With net income of C$254 million or C$1.44 per diluted share, Canadian Pacific has posted “the best first quarter financial results in company history,” Chief Executive Officer E. Hunter Harrison announced April 21, 2014. CP’s first-quarter 2014 net income was a...
us-freight-traffic-gains-ground-again
The winning streak continued for all U.S. rail freight traffic during the week ending April 12, 2014, measured against the comparable week in 2013, the Association of American Railroads reported Thursday, April 17. U.S. freight carload traffic continued showing strength, up...
for-union-pacific-a-strong-first-quarter
Union Pacific on April 17, 2014 reported 2014 first quarter net income of $1.1 billion, or $2.38 per diluted share, compared to $957 million, or $2.03 per diluted share, in first-quarter 2013, a 17% improvement. Operating revenues totaled $5.6 billion, up...
kcs-to-stockholders-be-prepared
Legislation introduced in late 2013 in Mexico’s House of Deputies to amend certain provisions in the Mexican Regulatory Railroad Service Law could have “a material adverse effect” on Kansas City Southern’s consolidated financial statements if the proposed amendments “are ultimately...