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NS' Moorman to address AREMA at Railway Interchange 2013
As part of Railway Interchange 2013, slated for Sept. 29-Oct. 2 in Indianapolis, Norfolk Southern Chairman, President, and CEO Wick Moorman will address a combined AREMA/CMA Chairman's Luncheon on Tuesday,…
Norfolk Southern: Anticipate, adapt, accomplish
The goal of capital expenditures is to link investments to the quality of the transportation product, generating increased customer satisfaction. Perhaps no railroad does it better than Norfolk Southern.
Rail cost of capital fell slightly in 2012
The Surface Transportation Board announced Friday, Aug. 2, 2013, that it has determined that the rail industry’s after-tax cost of capital was 11.11%. Last year, the cost of capital was…
U.S. freight traffic up in latest week
U.S. freight traffic sectors did better than Canadian and Mexican counterparts during the week ending July 27, 2013, the Association of American Railroads said Thursday, Aug. 1, as both freight…
Freight car market headed for new growth in 2014
Economic Planning Associates, in its quarterly freight car building forecast released Monday, July 29, expects this year’s numbers, which are lagging about 11% behind 2012’s, to improve significantly in 2014. “Based…
UP: A return to steam for Big Boy 4014
One of the largest and perhaps most famous steam locomotives ever built—Union Pacific’s articulated 4-8-8-4 “Big Boy” No. 4014—will be restored to operating condition by UP’s Cheyenne, Wyo.-based Heritage Fleet…
David Ragan, CSX set to Play It Safe at Indianapolis
CSX and Sprint Cup Series driver David Ragan will take to the famed Brickyard to remind fans to “Play It Safe” around railroad tracks. CSX is the primary sponsor of…
AAR: U.S. carloads down, intermodal up, in latest week
U.S. freight carload volume fell 3% during the week ending July 20, 2013, measured agains the comparable week in 2012, the Association of American Railroads reported Thursday, July 25. Countering…
CP sets record 2Q earnings, operating ratio
Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of…
Norfolk Southern 2Q net income declines
Norfolk Southern Corp. said its second-quarter net income of $465 million in the second quarter was 11% lower than the $524 million notched in the second quarter of 2012.
CN 2Q earnings up from a year ago
Canadian National reported second-quarter earnings of C$717 million (US$694 million), or C$1.69 (US$1.64) per diluted share, up from net income in the comparable 2012 quarter of C$631 million, or C$1.44…
June employment up over year ago, prior month
Figures released Monday, July 22, 2013, by the Surface Transportation Board show Class I railroads employed 164,499 people in mid-June, up 0.80% from June 2012, and up 220 people, or…
KCS 2Q earnings, adjusted, beat Street
Kansas City Southern reported second-quarter earnings of $15.4 million, or 14 cents a share, Friday, July 19, 2013.
UP sports robust 2Q earnings
Union Pacific recorted second-quarter earnings of $2.37 per share, or $1.1 billion, up from $2.10 a share, or $1 billion, in the second quarter of 2012, the Omaha-based Class I…
For U.S., usual freight mix in latest week
Following two weeks of digression from a repeating pattern, U.S. freight traffic resumed its standard mix – freight carload traffic down, intermodal volume up – in the latest week ending…
NS completes Mon Line upgrade
Norfolk Southern has completed $22.6 million in track, bridge, and signal improvements along its 85-mile “Mon Line,” a major coal route through Pennsylvania’s Monongahela Valley.
CSX 2Q earnings beat Street
CSX late Tuesday, July 16, 2013, reported second-quarter earnings of 52 cents per share, or $533 million, on revenue of $3.1 billion, up from earnings $512 million, or 49 cents…
Good gains for U.S. freight traffic in latest week
Both U.S. freight carload traffic and U.S. intermodal volume advanced in the week ending July 6, 2013, measured against the comparable week in 2012, the Association of American Railroads reported…
CP, K+S Potash sign deal on rail logistics
Canadian Pacific and K+S Potash signed an "exclusive long-term volume-based contract" Wednesday, July 10, 2013, for the transportation of potash products from K+S' Legacy Site, CP said Thursday.
Midyear traffic volumes: Carloads flat, intermodal up
At the midyear point of 2013 (26 out of 52 weeks in), combined North American rail volume on 13 reporting U.S., Canadian, and Mexican railroads totaled 9,650,841 carloads, down 0.4%…
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