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CSX acquires Eastern Associated Terminal
CSX Corp. announced Tuesday, Aug. 7, the purchase of the Eastern Associated Terminal in Tampa, Fla. from the Ingram Barge Company. The 22-acre phosphate export facility is adjacent to CSX…
Norfolk Southern: Anticipate, adapt, accomplish
The goal of capital expenditures is to link investments to the quality of the transportation product, generating increased customer satisfaction. Perhaps no railroad does it better than Norfolk Southern.
Rail cost of capital fell slightly in 2012
The Surface Transportation Board announced Friday, Aug. 2, 2013, that it has determined that the rail industry’s after-tax cost of capital was 11.11%. Last year, the cost of capital was…
U.S. freight traffic up in latest week
U.S. freight traffic sectors did better than Canadian and Mexican counterparts during the week ending July 27, 2013, the Association of American Railroads said Thursday, Aug. 1, as both freight…
Freight car market headed for new growth in 2014
Economic Planning Associates, in its quarterly freight car building forecast released Monday, July 29, expects this year’s numbers, which are lagging about 11% behind 2012’s, to improve significantly in 2014. “Based…
UP: A return to steam for Big Boy 4014
One of the largest and perhaps most famous steam locomotives ever built—Union Pacific’s articulated 4-8-8-4 “Big Boy” No. 4014—will be restored to operating condition by UP’s Cheyenne, Wyo.-based Heritage Fleet…
David Ragan, CSX set to Play It Safe at Indianapolis
CSX and Sprint Cup Series driver David Ragan will take to the famed Brickyard to remind fans to “Play It Safe” around railroad tracks. CSX is the primary sponsor of…
AAR: U.S. carloads down, intermodal up, in latest week
U.S. freight carload volume fell 3% during the week ending July 20, 2013, measured agains the comparable week in 2012, the Association of American Railroads reported Thursday, July 25. Countering…
CP sets record 2Q earnings, operating ratio
Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of…
Norfolk Southern 2Q net income declines
Norfolk Southern Corp. said its second-quarter net income of $465 million in the second quarter was 11% lower than the $524 million notched in the second quarter of 2012.
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