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U.S. freight traffic up again in latest week
U.S. freight carload traffic rose 2.8% for the week ending Dec. 3, 2011, measured against the comparable week in 2010, the Association of American Railroads said Thursday. U.S. intermodal volume…
UP sets sesquicentennial merchandise for sale
Union Pacific said Wednesday it is offering commemorative Union Pacific Railroad 150th anniversary merchandise for sale, as UP kicks off its year-long sesquicentennial celebration.
New bridge eyed for NS Southern Tier
Growing freight traffic potential, spurred on by energy production activity in the Marcellus Shale formation in western New York State and Pennsylvania, is encouraging Norfolk Southern to replace a historic…
Railroad strike averted as BLET, ATDA settle with NCCC; BMWE remains
Represented by the National Carriers’ Conference Committee, the major U.S. railroads late Thursday reached tentative agreements with the Brotherhood of Locomotive Engineers and Trainmen and the American Train Dispatchers Association,…
Hedge fund touts talks with CP
Hedge fund Pershing Square Capital Management, led by activist investor William Ackman, said Thursday it has held “productive” discussions with Canadian Pacific Railway.
CP expands reach in Iowa via short line
Canadian Pacific has executed a trackage rights agreement with the Iowa Northern Railway that it says “expands CP’s market reach in Iowa and increases rail business options for customers’ agricultural…
A muddy supplier crystal ball
If there is one thing I've learned in my 23 years in the railway supply industry, it's that we are an optimistic bunch. Deal us a series of hardships and…
With all due respect to Denzel Washington and Chris Pine, the railroad stocks may be the things that are unstoppable and not just the exaggerated Hollywood freight train story.
2011 Outlook: Investing for growth
Strong earnings spur railroads to build capacity and productivity. If one word could define the thrust of railroad capital spending on improvements, it would be "growth"—growth in capacity, growth in…
Canadian Pacific sells $500 million in debt
Canadian Pacific Railway Ltd. announced Tuesday that that subsidiary Canadian Pacific Railway Co. is issuing: US$250 million of 4.50% Notes due 2022 and US$250 million of 5.75% Notes due 2042.…
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