Class I

In what some industry observers believe may be a final attempt—short of a proxy battle—by hedge fund head Bill Ackman at a hostile takeover of Norfolk Southern, CP on Feb.…
In comments filed with the Surface Transportation Board’s Ex Parte 726, Notice of Proposed Rulemaking on On-Time Performance under Section 213 of the Passenger Rail Investment and Improvement Act of 2008…
On Feb. 5, 2016, U.S. Congressman Bob Goodlatte (R-VA-06) joined National Railroad Construction & Maintenance Association (NRC) member—Progress Rail Services (PRS)—for a tour of its locomotive and rail car services…
Railway Age’s inaugural Fast Trackers—10 Rising Stars Under 40, are ten individuals under the age of 40 who have made an impact in their respective fields or within their company.
For a fourth consecutive season, CSX and Front Row Motorsports will join forces to promote public safety around railroad tracks with the No. 34 “Play It Safe” Ford Fusion in…
Union Pacific on Feb. 5, 2016 announced a 2016 capital plan of approximately $3.75 billion, about $550 million lower than 2015. The plan includes $375 million for Positive Train Control.…
Norfolk Southern assisted 93 industries in locating or expanding their businesses along its rail lines in 2015, the railroad reported on Feb. 4, 2016.
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a…
Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore, Md., that features a unique combination of access to deepwater berths, railroads and highways, announced on Feb. 4, 2016 that Paul…
In reporting rail traffic for January 2016, Association of American Railroads (AAR) Senior Vice President John T. Gray said, “"Intermodal was solid in January, but carload volumes weren't what railroads…
Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper,…
Chairman Daniel R. Elliott on Feb. 2, 2016 announced that the Surface Transportation Board (STB) will be posting monthly status reports of its implementation of S.808, the STB Reauthorization Act…
Norfolk Southern shareholders “continue to find themselves in the enviable position of having two Class I management teams competing to maximize shareholder value,” says Cowen and Company Managing Director and…
For the week ending Jan. 23, 2016, total U.S. rail traffic was 490,324 carloads and intermodal units, down 10.5% compared with the same week in 2015, the Association of American…
The Association of American Railroads (AAR) on Jan. 27, 2016 released its first “State of the Industry Report” focusing on the key challenges, accomplishments and innovations within the freight railroad…
Despite decreases in carloadings and revenue ton-miles, CN on Jan. 26, 2015 posted solid financials for fourth-quarter and full-year 2015. Significant in its results are record free cash flow and…
BNSF Railway Company (BNSF) on Jan. 26, 2016 announced a $4.3 billion 2016 capital expenditure plan that “will focus on helping to ensure the company continues to operate a safe…
The Midwest Association of Rail Shippers (MARS) elected its 2016 slate of officers at the annual winter meeting earlier in January.
CN President and CEO Claude Mongeau has returned to work after fully recovering from a surgical procedure and will lead the company’s Jan. 26, 2015 earnings call to discuss fourth-quarter…
Kansas City Southern (KCS) on Jan. 22, 2016 reported fourth-quarter 2015 revenues of $598 million, a decrease of 7% from fourth-quarter 2014. Overall, carload volumes were 2% lower than in…
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