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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.
AAR: U.S. freight traffic remains mixed
U.S. freight carload traffic for the week ending March 17, 2012 fell 5.3% compared with the same week in 2011, the Association of American Railroads said Thursday. But U.S. intermodal…
Rail employment barely down in mid-February
Class I rail employment numbers released by the Surface Transportation Board show Class I railroads employed 159,333 people in mid-February, up 3.93% from February 2011, and down just 105 positions,…
Smith, Furniture Row Racing, CSX finish mid-pack at Bristol
Regan Smith brought his No. 78 Furniture Row Racing/CSX Play it Safe Chevrolet home in 24th place, four laps down, at Bristol Motor Speedway on Sunday following an early incident.
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