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CSX: Double-digit net earnings and EPS growth in 1Q15
CSX posted first-quarter 2015 net earnings of $442 million, an 11% increase from $398 million in the same period last year, and generated earnings per share of $0.45, a 13%…
BNSF recognizes employees for outstanding achievement
BNSF Railway Company (BNSF) recognized a group of its employees, April 13, 2015, for their outstanding achievements in 2014 at its annual Employees of the Year event, which took place…
NS to Wall Street: Expect lower 1Q 2015 earnings
While stating that it “does not forecast earnings, and this announcement is not intended to change that policy,” Norfolk Southern said, in a press release issued immediately after the New…
First-quarter shipper survey notes “mild negative” for rail
The results of a rail shipper survey conducted by Cowen & Company in 2015’s first quarter indicate a “mild negative for the rail sector,” according to Managing Director and Railway…
STB approves Louisville-Indianapolis track upgrade
Anacostia Rail Holdings (ARH) and CSX have announced that the U.S. Surface Transportation Board has approved a joint proposal by ARH subsidiary Louisville & Indiana Railroad (L&I) and CSX to…
All tied up
All indicators are pointing to a vibrant crosstie market across all segments: wood, concrete, steel, and composite. The freight railroads’ estimated $29 billion in 2015 capital expenditures is one driving…
Examining the DOT v. AAR Supreme Court decision regarding Amtrak
On March 9, 2015, the United States Supreme Court issued its decision in Department of Transportation v. Association of American Railroads, No. 13-1080, 575 U.S. ___ (2015) (DOT v. AAR),…
More SD70ACe locomotives for Ferromex
Ferrocarril Méxicano (Ferromex) has taken delivery of the first 10 of 19 Electro-Motive Diesel (EMD, a Progress Rail Services company) SD70ACe locomotives, bringing its fleet to 116 units.
New rail-served industrial park planned in Fort Worth
Ridge Development plans to construct a two-building industrial park on 47 acres in north Fort Worth, the company announced on April 1, 2015.
Rail freight traffic relatively flat
Gains in intermodal helped offset a downturn in carload traffic during the month of March 2015, the week ended March 28 and the year’s first quarter, the Association of American…
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