Fourth-quarter railcar orders, deliveries, and backlogs showed robust activity, according to the Railway Supply Institute's American Railway Car Institute Committee (ARCI) data released Thursday, Jan. 23, 2014. Tank cars, in particular, continued to show robust activity.
Fairport, N.Y.-based RailComm said Wednesday, Jan. 23, 2014 it has upgraded the current Domain Operations Controller (DOC®) system in a Fort Worth, Tex., rail yard to include RailComm's Blue Flag Indicator (BFI) System.
Kansas City Southern reported fourth-quarter net income of $114 million, or $1.03 per diluted share, up 12% from $93 million, or 83 cents per diluted share, in the fourth quarter of 2012, based on record fourth-quarter revenue of $616 million.
Union Pacific said Thursday, Jan. 23, 2014 fourth-quarter 2013 earnings of $1.17 billion, or $2.55 per share, up 13% from $1.04 billion, or $2.19 per share, in the fourth quarter of 2012.
Contrary to some speculation, North American railroads stand ready to do their share in supplying crude-by-rail (CBR) service to complement oil transport by pipeline, Association of American Railroads President and CEO Edward R. Hamberger said Jan. 23, 2014.
Up the first week in 2014, and down the second, U.S. freight traffic reversed the trend yet again to the plus side in the third week ending Jan. 18, 2014, the Association of American Railroads reported Thursday, Jan. 23.