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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…
Norfolk Southern increases capital spending
Norfolk Southern has announced a $2.4 billion capital improvement program for 2012, 12% higher than 2011 spending.
UP posts record low employee injury rate
Union Pacific Railroad employees achieved a record low 1.15 reportable injury rate in 2011, the best performance on record in the company's 150-year history, according to a UP announcement Tuesday.
Video Interview: 2012 Railroader of the Year
Kansas City Southern President and Chief Executive Officer David L. Starling, Railway Age's 2012 Railroader of the Year, talks about his career path, his international experience, and KCS's recent achievements…
NS earnings, revenue records topple
Norfolk Southern late Tuesday reported a series of significant records for 2011: Railway operating revenues reached $11.2 billion, up 17%; income from railway operations climbed 20% to $3.2 billion; net…
CN quarterly earnings beat Street
Canadian National Tuesday reported net earnings of C$592 million, or C$1.32 per share, up 18% from C$503 million or C$1.08 per share in the same quarter a year ago. Adjusted…
CSX 4Q, full year set records; Street shrugs
CSX Corp. said late Monday fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of…
CSX names Munoz COO, Eliasson CFO
CSX Corp. Monday said it had appointed Oscar Munoz as executive vice president and chief operating officer and appointed Fredrik J. Eliasson as executive vice president and chief financial officer,…
KCS notches records for 4Q, full year
Kansas City Southern late Monday said it had notched record fourth-quarter revenue of $530 million, up 11% from the comparable quarter in 2010, while generating operating income of $150 million,…
CN, CP reach accord for potash shipments
Canadian National and Canadian Pacific reached separate 10-year agreements with Canpotex Ltd. to transport potash volumes that Canpotex ships to export markets. Under CP's agreement, CP will be Canpotex's principal…
BNSF offers new online tools for shippers
BNSF Railway Monday announced the release of two new online tools —Carload Shipping Advisor and Serving Carrier Reciprocal Switch Inquiry— that it says "allow customers to compare shipping options by…
Union Pacific No. 5 on top 50 companies list
Bloomberg BusinessWeek magazine has listed Union Pacific No. 5 on its 2012 list of top 50 performing companies. The Bloomberg BusinessWeek 50 evaluates companies on one-year and five-year risk-adjusted returns,…
UP, UPS deliver "perfect peak season"
Union Pacific announced Friday that UP and UPS achieved a "perfect peak season" in 2011 by delivering 100% of UPS peak-season freight without a service failure.
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