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Rail Logistics-Cold Train announces partnership
Quincy, Wash.-based Rail Logistics-Cold Train and Interstate Distributor Co. have announced a partnership in which Cold Train will utilize a dedicated fleet of trucks from Interstate Distributor Co. for short-haul…
Regan Smith, Furniture Row/CSX Play it Safe Chevrolet notch top-20 at Martinsville
Regan Smith, driving the no. 78 Furniture Row/CSX Play it Safe Chevrolet, rebounded to a 16th-place finish in the Goody’s Fast Relief 500 Sprint Cup race at Martinsville Speedway on…
Buffett: Beware of environmental "shortcuts"
Well-run companies that fill a lasting need and do the least damage to the environment are known to be the kind of businesses that Berkshire Hathaway's Warren Buffett likes to acquire.
CN, CSX offer rail interchange at Chicago
Canadian National has announced a new rail interchange service with CSX Transportation (CSX) over the Chicago gateway. Prior to this agreement, CN and CSX exchanged containers in Chicago only by truck.
Gaining strength, KCS initiates cash dividend
In a sign of growing financial strength, Kansas City Southern's board of directors has decided to initiate a quarterly cash dividend for holders of its common stock.
House extends surface transport funding again
Unable to craft its own long-term surface transportation bill, and equally unable to agree to a Senate version already passed by the upper house, the House of Representatives Thursday managed…
U.S. carload traffic slump continues
U.S. freight carload traffic for the week ending March 24, 2012 fell significantly, down 7.2%, measured against the comparable week in 2011, the Association of American Railroads (AAR) said Thursday,…
STB seeks less formal litigation, more mediation
The Surface Transportation Board has initiated proposals to encourage more mediation and arbitration for the resolution of issues coming before the Board.
Standard & Poor's upgrades KCS credit rating
Standard & Poor's on Tuesday upgraded Kansas City Southern's credit rating to B+ with a positive outlook, one level below an investment grade rating, which would further cut borrowing costs. The upgrade…
CN sells two rail segments to Metrolinx
CN said Tuesday it would sell two rail segments in the Greater Toronto Area to Metrolinx for C$310.5 million.
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