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Carload traffic remains mostly flat
For the week ending July 11, 2015, total U.S. weekly rail traffic was 534,097 carloads and intermodal units, down 2.4% compared with the same week last year, as carload traffic…
EIA reports rise in oil shipments from Rocky Mountain states
Based on data from the Surface Transportation Board (STB) and Petroleum Supply Monthly, the U.S. Energy Information Administration has reported that rail and pipeline shipments of crude oil from the…
CSX sets second-quarter financial record
With quarterly operating income of more than $1 billion, an operating ratio of 66.8%, and net earnings of $553 million, CSX posted record financial results for the second quarter of…
UP slates $15 million for one Missouri line
Union Pacific Railroad (UP) is investing nearly $15 million in its rail line between the Missouri/Iowa border and Trenton, Mo., part of an overall $66 million program in that state,…
CSX spotlights 2014 social responsibility initiatives
CSX Corporation (CSX) launched on July 13, 2015 its fifth annual Corporate Social Responsibility Report, Moving Forward, highlighting the company’s progress in 2014 toward goals related to business performance, employee…
CP, City of Vancouver discuss operating plan for Arbutus corridor
Canadian Pacific (CP) met with officials from the City of Vancouver on July 10, 2015 to discuss CP’s operating plan for the Arbutus corridor rail line.
AARS offers scholarship for railway management course
The American Association of Railroad Superintendents (AARS) has announced a call for applications for the Michigan State University Railway Management Certificate Course Scholarship sponsored by Progress Rail Services.
Waiting for the whites of their eyes
Since March we have been very cautious on the near-term prospects for the railroad stocks, warning investors on multiple occasions about the disappointing volume outlook for the group. These warnings…
Carload dip continues as intermodal grows
For the week ending July 4, 2015 total U.S. weekly rail traffic was 506,284 carloads and intermodal units, up 1.7% compared with the same week last year, as carload traffic…
Two CSX trains derail in Tennessee five days apart
Just five days after a CSX train car carrying acrylonitrile derailed in Maryville, Tenn. and caught on fire, four CSX train cars carrying mixed freight derailed and flipped over in…
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