Latest News Continued
Tuesday, 08 May 2012
08 May 2012

Harriman Awards bestowed for railroad safety

Railroads with the industry's best safety performance records Tuesday were honored at the annual E.H. Harriman Awards ceremony in Washington, D.C., with the event also marking the industry's nearly 100 year commitment to safety and innovation with the Centennial Award.

Tuesday, 08 May 2012
08 May 2012

STB OKs Michigan DOT rail line buy

The Surface Transportation Board Tuesday officially cleared the way for Michigan's Department of Transportation to acquire two sections of rail right-of-way from Norfolk Southern Corp., totaling about 135 miles, for eventual upgrading to 110 mph passenger rail speeds.

Tuesday, 08 May 2012
08 May 2012

Domestic containers drive 1Q intermodal gains

Whatever woes coal volumes are posing for North American railroads in 2012, domestic intermodal container traffic seems determined to offset them, at least in part. First-quarter domestic container volume moving by truck and train rose 14.9% measured against the comparable 2011 quarter, the Inter ...
Tuesday, 08 May 2012
08 May 2012

FreightCar America deliveries and earnings soar

FreightCar America delivered 2,613 freight cars in the first quarter of  2012, compared with 875 in the first quarter of 2011 and 2,489 in the fourth quarter of 2011. New orders totaled 1,244 in the first quarter of 2012, compared with 4,027 in the first quarter of 2011 and 4,481 i ...
Tuesday, 08 May 2012
08 May 2012

Fitch cites railroad challenges—and strengths

Fitch Ratings says it views "weak year-to-date rail volume trends as a reflection of fundamental shifts in demand patterns for key industrial commodities as domestic production of unconventional oil and gas resources continues to grow."

Berkshire Hathaway reported at its annual meeting that first-quarter earnings included $701 million from BNSF Railway compared with $607 million in the year-earlier quarter, as rising shipments of manufactured foods made up for diminished coal haulage.

Monday, 07 May 2012
07 May 2012

CN revamps senior marketing team

Jean-Jacques Ruest, CN's executive vice-president and chief marketing officer, has announced changes within CN's senior marketing team that he says "will help us maintain our forward momentum and continue to build on our track record of operational and service excellence". He said& ...

Rail Logistics and Iowa Pacific Holdings on Monday jointly announced a partnership in which Rail Logistics will manage, operate, and market Iowa Pacific's refrigerated railcar fleet. The venture began May 1.

The California High Speed Rail Authority has approved environmental impact studies for
 an initial segment of high speed rail from Merced to Fresno.

Thursday, 03 May 2012
03 May 2012

Carloads down, intermodal up, yet again: AAR

U.S. freight carload volume for the week ending April 28, 2012 fell 4.1% measured against the comparable week a year ago, continuing an ongoing trend for the year, the Association of American Railroads said Thursday. U.S. intermodal volume, however, continued its own yearly trend during the week, ...
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