Latest News Continued

Norfolk Southern, having shaken off unwanted suitor Canadian Pacific, reported “strong first-quarter [2016] results [that] demonstrate the significant progress we are making in line with our strategic plan,” according to Chairman, President and CEO James A. Squires.

New Jersey Transit will have to resume its search for a new Executive Director, as William Crosbie, who was hired by the agency in early April to replace Veronique “Ronnie” Hakim, ...

Prior to its rollout at the Wi-Tronix Chicago Conference on May 17, 2016, the company has revealed several features of its all-new Violet™ Locomotive Data Acquisition Recording System (LDARS).

Norfolk Southern Corp. on April 20, 2016 announced that it will downsize its Knoxville, Tenn., classification yard, effective May 1. “The action is in response to lower traffic volumes and is consistent with the company’s ongoing implementation of its strategic plan to enhance operating effic ...

Union Pacific on April 21, 2016 reported 2016 first-quarter net income of nearly $1 billion, or $1.16 per diluted share, compared to about $1.2 billion, or $1.30 per diluted share, in first-quarter 2015, and an operating ratio of 65.1%, essentially flat compared to the prior-year quarter.

Freight traffic still shows no signs of growth in the week ending April 16, 2016, as carloads and intermodal units were both down nearly 13% and 7.5%, respectively, the Association of American Railroads (AAR) reported on April 20, 2016.

NRE Hagerstown, an affiliate of NRE, on April 15, 2016 announced that it has finalized the acquisition of the assets of HK Engine Components, LLC (HKEC), a Hagerstown, Md.-based manufacturer and r ...

BNSF Railway Company (BNSF) on April 19, 2016 honored 109 shippers with the railroad’s 19th Annual Product Stewardship Award for the safe transportation of hazardous materials by rail during 2015.

An RBN Energy LLC analysis shows that about 1.7 million barrels per day of crude by rail (CBR) unload capacity has been built out and is operating in the Gulf Coast region. But this capacity “represents a whopping 12 times January 2016 shipments—a massive overbuild that is continuing today as ...
Despite a 4% drop in revenues, Canadian Pacific Railway Ltd. posted its lowest-ever first-quarter operating ratio of 58.9% and reported diluted earnings per share of $3.51, or $2.50 on an adjusted diluted earnings per share basis, for first-quart ...
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