Latest News Continued

CN President and CEO Claude Mongeau has returned to work after fully recovering from a surgical procedure and will lead the company’s Jan. 26, 2015 earnings call to discuss fourth-quarter and full-year 2015 financial results.

In the midst of a freight traffic downturn that is significantly impacting Class I railroads, short line Morristown & Erie Railway (M&E) posted its third consecutive year of traffic increases in 2015.

Kansas City Southern (KCS) on Jan. 22, 2016 reported fourth-quarter 2015 revenues of $598 million, a decrease of 7% from fourth-quarter 2014. Overall, carload volumes were 2% lower than in fourth-quarter 2014. Excluding the estimated impacts of Mexican peso depreciation and lower U.S. fuel prices ...
Canadian Pacific’s fourth-quarter and full-year 2015 financial results were slightly below analyst expectations yet “still solid given the macro challenges,” according to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “While volum ...

Like all North American railroads, Union Pacific has been experiencing volume declines. As a result, the railroad’s financial performance has suffered, for both fourth-quarter and full-year 2015, as UP reported on Jan. 21, 2016.

WSP | Parsons Brinckerhoff on Jan. 21, 2016 announced four senior management appointments in its U.S. Transportation and Infrastructure sector.

Amid a North-American-wide slump in traffic volume, falling prices for railroad-transported commodities like coal and oil, and an economy that appears to be increasingly unstable, Canadian Pacific, the second publicly traded Class I to report fourth-quarter and full-year 2015 financials, fell sho ...
For the week ending Jan. 16, 2016, total U.S. rail traffic was 506,433 carloads and intermodal units, down 8.2% compared with the same week in 2015, the Association of American Railroads (AAR) reported on Jan. 20. U.S. carloads fell nearly 17%; Canadian carloads dropped nearly 14%; North American ...
BNSF Railway has selected MOBI as its partner to provide more efficient mobile device management across its network of employees and machines, MOBI announced Jan. 14, 2016. MOBI, a technology platform that “empowers enterprises to ...
Steve Barger of KeyBanc Capital Markets attended the Midwest Association of Rail Shippers Conference, where, in conversations with railcar OEMs, lessors and shippers, he came to the general conclusion that, though 2016 will be a diffic ...
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