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TSX accepts CP’s previously announced share repurchase program
Canadian Pacific Railway Limited announced on April 28, 2016 that the Toronto Stock Exchange (TSX) has accepted its notice to implement a normal course issuer bid (NCIB) to purchase, for…
AAR: Freight traffic down nearly 12%
For the week ending April 23, 2016, total U.S. weekly rail traffic was 491,946 carloads and intermodal units, down 11.7% compared with the same week last year, the Association of…
Rep. Ashford tours Paxton & Vierling Steel Co.’s Iowa facilities
U.S. Congressman Brad Ashford (D-Neb.) joined National Railroad Construction & Maintenance Association (NRC) and GoRail member Paxton & Vierling Steel Co. (PVS) for a tour of its metal service center…
CN posts “very solid” first-quarter results
Noting “a challenging economic environment,” CN announced a “very solid” first-quarter performance for 2016.
RBN Energy: CBR "a victory of American ingenuity"
The North American crude-by-rail (CBR) saga “is that of a victory of good old U.S. ingenuity over the lack of pipeline capacity that stranded booming shale oil production in 2012,”…
CSX lands on Best Corporate Citizens List for fourth time
CSX on April 22, 2016 announced that it has been recognized as one of Corporate Responsibility Magazine’s Best Corporate Citizens for 2016 “reflecting [the railroad’s] ongoing commitment to being a…
NS first quarter demonstrates "significant progress"
Norfolk Southern, having shaken off unwanted suitor Canadian Pacific, reported “strong first-quarter  results [that] demonstrate the significant progress we are making in line with our strategic plan,” according to…
NS downsizing Knoxville Yard
Norfolk Southern Corp. on April 20, 2016 announced that it will downsize its Knoxville, Tenn., classification yard, effective May 1. “The action is in response to lower traffic volumes and…
UP: Solid OR offsets volume decline
Union Pacific on April 21, 2016 reported 2016 first-quarter net income of nearly $1 billion, or $1.16 per diluted share, compared to about $1.2 billion, or $1.30 per diluted share,…
Down, down goes the freight traffic
Freight traffic still shows no signs of growth in the week ending April 16, 2016, as carloads and intermodal units were both down nearly 13% and 7.5%, respectively, the Association…
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