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STB to Berkshire Hathaway: Divest two railroads
The Surface Transportation Board has directed BNSF Railway's parent, Berkshire Hathaway, to "promptly remedy its noncompliance with railroad control requirements" stemming from its acquisition of BNSF in 2010.
Faster flip for fracking sand
A $20 million upgrade to the Horseheads (N.Y.) Sand & Transloading Terminal (HOST) will give Norfolk Southern trains hauling sand used in extracting natural gas from the Marcellus Shale formation…
Environmental report moves BNSF facility ahead
BNSF announced Sept. 29 that an updated Draft Environmental Impact Report (DEIR) released by the Port of Los Angeles found that a proposed BNSF Southern California International Gateway (SCIG) facility…
U.S. freight carload traffic still struggles; intermodal up
U.S. freight carload traffic declined 4.1% for the week ending Sept. 22, 2012, measured against the comparable week in 2011, the Association of American Railroads reported Thursday. U.S. intermodal volume…
CP, “The last great rail turnaround”
Wall Street analyst William Greene of Morgan Stanley Research North America is telling investors in the rail sector that Canadian Pacific Railway, under the direction of newly appointed chief executive E.…
CP names Redeker chief information officer
Canadian Pacific announced Friday that Michael Redeker has been appointed vice president and chief information officer, effective Oct. 15. Redeker was most recently chief information officer at ATB Financial.
August employment down from July
Class I railroad employment totaled 161,134 in August, down 0.54% from July, though maintaining an edge of 0.64% over August 2011, according to figures released Thursday by the Surface Transportation Board.
NS shares dip on earnings warning
Norfolk Southern announced late Wednesday that third-quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, "primarily due to volume declines in certain markets and…
Intermodal again powers U.S. freight mix
U.S. freight carload traffic for the week ending Sept. 15 lagged behind the comparable week in 2011, down 2.9%, continuing a yearlong trend, the Association of American Railroads reported Thursday.…
NS improves Carbon Disclosure Project score
Norfolk Southern Corp. said Wednesday it "has achieved its best-ever score in the S&P 500 Climate Change Report released by the Carbon Disclosure Project."
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