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CSX posts record 3Q 2014 results
CSX posted record third-quarter 2014 net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last…
Cummins showcases passenger engine lineup at APTA
Cummins Inc. is presenting its engine lineup for public transportation customers at the American Public Transportation Association (APTA) Expo in Houston. Products available for both transit bus and rail markets…
What lurks behind the door Hunter Harrison opened?
At age 70, when most of his contemporaries have retired, Canadian Pacific (CP) Chairman Hunter Harrison is plotting his legacy—a seamless North American transcontinental rail duopoly initiated by his proposed…
CSX rejects CP merger proposal
Canadian Pacific has approached CSX about a merger, and CSX has rejected the proposal, according to reports in The Wall Street Journal, New York Times, Toronto’s Globe & Mail, and…
Sen. Durbin emerging as STB chairman's nemesis
"Tawdry," is how one Washington transportation attorney describes the self-interest assaults by powerful congressional lawmakers on federal regulatory agency officials.
U.S. freight traffic powers into October
U.S. freight traffic continued to notch gains during the week ending Oct. 4, 2014, the Association of American Railroads reported Thursday, Oct. 9.
AIG expands liability limits to $1 billion
American International Group, Inc. (AIG) has expanded excess casualty liability limits for Class I railroads in the U.S. and Canada to $1 billion per occurrence.
STB requiring weekly Class I service performance reports
The U.S. Surface Transportation Board announced Wednesday, Oct. 8, 2014 that it is requiring all Class I railroads to publicly file weekly data reports regarding service performance “to promote industry-wide…
No injuries reported in Saskatchewan derailment
Canadian officials reported no injuries Wednesday morning, Oct. 8, 2014, in the aftermath of a CN train derailment occurring Tuesday near Wadena, Saskatchewan that generated smoke and some fears of…
Analyst: CP “on to another finish line with sweat and speed”
Canadian Pacific Railway, under the leadership of CEO E. Hunter Harrison, is “raising the bar, again,” according to Cowen & Co. Managing Director and Railway Age Wall Street Contributing Editor Jason…
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