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U.S. weekly freight traffic called “mixed”
U.S. freight carload traffic for the week ending Jan. 28, 2012 was down 2.8% compared with the fourth week of 2011, the Association of American Railroads said Thursday. By contrast,…
CP increases crude oil shipments
Canadian Pacific announced it is now shipping crude oil by rail from a new transload facility near Lloydminster, Sask. CP said the facility is a facility is a key enhancement…
IANA: Intermodal growth continues
Intermodal container volume set a new record in 2011 with 12.4 million moves, beating former record-year 2007 by 3.7%, the Intermodal Associaton of North America (IANA) said Thursday.
PTC revamp, big trucks in SAFETEA-LU successor
The House Transportation and Infrastructure Committee Wednesday introduced a five-year surface transportation funding bill, a successor to the now-expired SAFETEA-LU, that would extend Congress’ mandated deadline for Positive Train Control…
BNSF sets $3.9 billion capex for 2012
BNSF Railway Co. on Wednesday announced a planned 2012 capital commitment program of approximately $3.9 billion, up $400 million, or about 11.4%, from its 2011 capital spend of $3.5 billion.
AAR: Big truck threat looms again
Legislation designed to fix the nation’s crumbling transportation infrastructure will actually accelerate road and bridge damage and trigger an increase in taxpayer subsidies to the trucking industry, the Association of…
Class I’s to boost investment, hiring
The Association of American Railroads says the nation’s major freight railroads are projected to invest a record $13 billion in capital expenditures in 2012 to expand, upgrade, and enhance the…
CSX, NASCAR’s Regan Smith “Play it Safe”
CSX Transportation has partnered with Furniture Row Racing and the No. 78 Chevrolet Impala driven by Regan Smith in NASCAR’s top-tier Sprint Cup Series as an associate sponsor for the…
CP posts higher revenue, lower net income
Canadian Pacific Railway Thursday reported fourth-quarter net income of C$221 million and diluted earnings per share of C$1.30, including 22 Canadian cents per share income tax benefit. For the full…
U.S. rail traffic rises again, AAR says
U.S. freight carload traffic in early 2012 rose again, up 1.6% for the week ending Jan. 21, the Association of American Railroads reported Thursday. U.S. intermodal volume moved up even…
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