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FRA reports new rail safety gains
The Federal Railroad Administration's preliminary safety report for the period January-August 2012 shows continued safety gains in key areas of freight railroading.
BNSF surge beefs up Berkshire earnings
Omaha, Neb.-based Berkshire Hathaway, Inc. continues to reap handsome returns from its purchase of BNSF Railway. Berkshire late Monday announced that total third-quarter revenue grew 22% year-over-year to $41.1 billion,…
BNSF's Lanigan to retire, railroad names three VPs
BNSF named Steve Bobb executive vice president and chief marketing officer, with responsibility for BNSF's sales, marketing, customer service, economic development and business unit activities. He succeeds John Lanigan, who…
U.S. traffic tanks, but intermodal remains up
October's final week was not a busy one for U.S. railroads. The Association of American Railroads report for the week ending October 27, 2012, shows U.S. railroads originating 287,104 carloads,…
BNSF names Columbus & Greenville Shortline of the Year
The Columbus and Greenville Railway (CAGY), was recently named Shortline of the Year at BNSF 's annual "Shortline Conference" held last month in Irving, Texas.
Northeast freight rail service returning to normal
Freight operations in the Northeast are slowly returning to normal along the destruction path left by Hurricane Sandy.
NS announces key management changes
Norfolk Southern announced Friday that Timothy J. Drake, vice president engineering, will retire Oct. 31 and will be succeeded by Michael J. Wheeler, formerly vice president transportation. Succeeding Wheeler will be Terry N.…
U.S. freight slump hits more commodity groups
For the week ending Oct. 20, 2012, a key difference in the continuing slump in U.S. freight carload traffic is the number of commodity groups affected, according to data released…
CP touts “turnaround” as 3Q earnings beat Street
Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in…
NS 3Q earnings just beat lowered Street expectations
Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter…
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