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CP Holiday Train ready to roll
Canadian Pacific’s Holiday Train program is returning to the rails for a 16th year to raise money, provide food, and promote awareness for food banks and hunger issues across Canada…
U.S. rail traffic keeps on keeping on
Freight rail traffic continued to increase for North America's three largest economies in the week ending Oct. 18, 2014, led by strong U.S. rail gains, the Association of American Railroads…
UP 3Q profit rises
Union Pacific said Thursday, Oct. 23, 2014 its third-quarter earnings rose 19% measured against the comparable quarter in 2013, to $1.37 billion, or $1.53 per share, from $1.15 billion, or…
Class I employment up in September
Figures released by the Surface Transportation Board on Thursday, Oct. 23, 2014, show total Class I railroad employment as of mid-September 2014 rose 3.35% to 168,703, from mid-September 2013, and…
Class I CEOs diverge on the merits of mergers
During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably…
NS notches numerous 3Q records
Norfolk Southern early Wednesday, Oct. 22, 2014, reported net income of $559 million in the third quarter, up 16% from $482 million in the third quarter of 2013 and a…
CN reports record 3Q 2014 results
CN has reported record financial and operating results for the third quarter and nine-month period ended Sept. 30, 2014.
CSX awards Savage locomotive mobile fueling services contract
CSX has entered into an agreement with Savage for mobile locomotive fueling services at 30 sites across the CSX network in the eastern U.S.
Record 3Q for CP
Canadian Pacific Railway on Tuesday, Oct. 21, 2014, announced record third-quarter net income of C$400 million (US$356.4 million), or C$2.31 (US$2.06) per diluted share, up from C$324 million or C$1.84…
CP + CSX: “No further talks are planned”
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
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