Class I

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AAR: Total weekly rail traffic down 5.3% For the week ending July 23, 2016, total U.S. weekly rail traffic was 528,070 carloads and intermodal units, down 5.3% compared with the same week last year, according the Association of American Railroads (AAR).

stb-proposes-“forced-access”-regulations
The Surface Transportation Board On July 27, 2016 proposed new regulations “to improve the availability of reciprocal switching,” an action the railroads have been anticipating for more than a year. The proposed rules “allow a shipper to gain access to...
aar-total-weekly-rail-traffic-down-53
For the week ending July 23, 2016, total U.S. weekly rail traffic was 528,070 carloads and intermodal units, down 5.3% compared with the same week last year, according the Association of American Railroads (AAR). Total carloads for the week ending July...
for-ns-a-record-low-operating-ratio
Like most of its peers, Norfolk Southern’s second-quarter 2016 volume, revenues and income were down compared to the same period last year, but the railroad managed lower its operating ratio to below 70% and expects to sustain that for the...
cn-operating-ratio-545
In the midst of what CN President and CEO Luc Jobin called “a very challenging volume environment” that saw second-quarter declines in revenues and operating income, the railroad posted an operating ratio of 54.5%—a second-quarter record and an improvement of...
for-up-a-challenging-second-quarter
Revenue declines in six traffic groups were a key contributing factor in Union Pacific’s second-quarter financials, for which the railroad reported diluted earnings per share of $1.17, a 15% decline from the prior-year quarter; operating income of $1.66 billion, down...

usdot-constructs-build-america-bureau
The U.S. Department of Transportation (USDOT) announced the establishment of the Build America Bureau, "which will drive transportation infrastructure development projects in the United States by streamlining credit and grant opportunities while providing technical assistance and encouraging innovative best practices...
aar-total-weekly-rail-traffic-down-56
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending Jul. 16, 2016: Total U.S. weekly rail traffic was 520,222 carloads and intermodal units, down 5.6% compared with the same week last year. Total carloads for the...
for-cp-a-tough-second-quarter
The second quarter of 2016 was not kind to Canadian Pacific, though in line with CP’s quarterly outlook, released in June. Based on declines in revenues, operating income and net income, CP’s second-quarter diluted earnings per share (EPS) were $2.15, or...
hunter-harrison-readies-for-a-transition
E. Hunter Harrison came out of retirement in 2012 to lead Canadian Pacific out of the Class I basement, where it had languished for several years. The following year, his protégé, Keith Creel, left CN to join his mentor. Next...
water-by-rail-ready-to-roll
A terminal serving the crude oil industry is offering help for drought-stricken California. Curious things are happening in southeastern New Mexico. In an area famous for UFO sightings and suspected alien encounters, companies connected to the oil trade are managing to...