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Savage opens transloading facility in Iowa
Savage announced Oct. 25 the start of transloading in Daveport, Iowa.
CN 3Q: "Outstanding results"
Luc Jobin, CN President and CEO, announced CN's third-quarter 2016 results on Oct. 25: "With solid execution from our industry-leading operating team and a network-wide focus on providing quality service,…
BNSF Short Line of the Year: Burlington Junction
BNSF Railway on Oct. 20 named Burlington Junction Railway (BJRY) its 2016 Short Line of the Year at its annual Short Line Conference. BNSF recognized BJRY “for its dedication to…
UP absorbs third-quarter hit
Any way you slice them, Union Pacific’s third-quarter 2016 financials aren’t good. Based on “an unstable global economy, the relatively strong U.S. dollar, and continued soft demand for consumer goods,”…
“Civil War-era” technology? You’re joking, right?
I’ve heard some pretty disingenuous (that’s a polite word for “dopey”) things said about railroads in my nearly 25 years at Railway Age. Nearly all of them have come from…
AAR: Weekly U.S. rail traffic down 4.2%
The Association of American Railroads (AAR) reported on Oct. 19 that for the week ending October 15, 2016, total U.S. weekly rail traffic was 531,936 carloads and intermodal units, down…
Velani named CP CFO
Canadian Pacific on Oct. 19 named Nadeem Velani Vice President and Chief Financial Officer. He had been serving in an interim capacity since Sept. 9, 2016.
CP 3Q ’16: OR still dropping
An operating ratio of 57.7%, the lowest-ever when compared to adjusted operating ratios in previous quarters, and increases in diluted earnings per share (both adjusted and non-adjusted) marked Canadian Pacific’s…
For KCS, a challenging third quarter
Kansas City Southern (KCS) reported third-quarter 2016 revenues of $605 million, a decrease of 4% from third-quarter 2015, in what management is describing as a very challenging period.
KCS increasing speed in Mississippi
Kansas City Southern announced October 17 that train speed on 2.5 miles of track between Martin Luther King Street and Highway 90 in Gulfport, Miss. will increase from 10 to…
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