The nation's freight railroads say they have reached a tentative agreement with the last of 13 labor unions, the Brotherhood of Maintenance of Way Employees.
Progress Rail has announced it is closing its London, Ontario, locomotive operation, where 450 workers have been locked out since New Year’s Day.
U.S. freight carload traffic for the week ending Jan. 28, 2012 was down 2.8% compared with the fourth week of 2011, the Association of American Railroads said Thursday. By contrast, U.S. intermodal volume for the week rose 5.5% compared with the same week last year.
Intermodal container volume set a new record in 2011 with 12.4 million moves, beating former record-year 2007 by 3.7%, the Intermodal Associaton of North America (IANA) said Thursday.
BNSF Railway Co. on Wednesday announced a planned 2012 capital commitment program of approximately $3.9 billion, up $400 million, or about 11.4%, from its 2011 capital spend of $3.5 billion.