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UP: Fritz succeeds Koraleski; capex set at $4.3 billion
Lance Fritz has succeeded Jack Koraleski as President and Chief Executive Officer at Union Pacific effective immediately, and was also elected to the railroad’s board of directors. Koraleski is now…
U.S. freight traffic: Good week, good January
U.S. freight traffic wrapped up the week ending Jan. 31, 2015 with solid gains, capping an equally solid month of advances, the Association of American Railroads reported Wednesday, Feb. 4.
AAR to Congress: Don't hurt private investment
Testifying on Tuesday, Feb. 3, 2015 in Washington before the House Transportation and Infrastructure Subcommittee, Association of American Railroads President and CEO Edward R. Hamberger cautioned lawmakers not to tamper…
AAR: VanderClute retires; Rush takes up the safety reins
Association of American Railroads Senior Vice President of Safety & Operations Robert VanderClute, a 44-year career railroader, has retired after 12 years with the organization. He is succeeded by Michael…
AAR report: Freight rail "will carry the economy"
“The U.S. economy continues to grow, and strong demand for rail service demonstrates that the freight rail industry is integral to this growth,” the Association of American Railroads (AAR) declared…
CP’s Harrison calls Ag Transport Coalition initiative “disingenuous”
Canadian Pacific says it is “appalled” that the Ag Transport Coalition, a government-funded group, “can claim it is trying to enhance ‘the competitiveness of the agricultural supply chain,’ but not…
U.S. freight traffic shows good growth
Total U.S. weekly rail traffic for the week ending Jan. 24, 2015 rose 4.1%, measured against the comparable week in 2014, according to the Association of American Railroads in its…
Record volume drives CN 4Q, full year
Canadian National late Tuesday, Jan. 27, 2015 reported fourth-quarter net income of C$844 million (US$678 million), or C$1.03 (about 83 U.S. cents) in diluted earnings per share, compared with C$635…
NS Roanoke offices to close
Norfolk Southern on Jan. 27, 2015 said that it will close its Roanoke office building at 110 Franklin Road SE later in the year and relocate the functions currently housed…
UP employees set safety record
Union Pacific’s 2014 employee safety performance, a 0.98 reportable injury rate, was the best in the railroad’s history, surpassing the previous record established in 2012, and an 11% reduction from…
Record quarter, year for Norfolk Southern
Norfolk Southern posted record financial results for the fourth quarter of 2014 and for the entire year, and dropped its operating ratio to below 70%. The railroad also announced a…
KCS logs record 4Q and full year revenue
Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street…
Intermodal dip disrupts U.S. freight traffic win streak
Total cumulative U.S. weekly rail traffic for the week ending Jan. 17, 2015 slipped 1% measured against the comparable week in 2015, the Association of American Railroads reported Wednesday, Jan.…
UP 4Q earnings beat Street
Union Pacific said Thursday, Jan. 22, 2015 its fourth-quarter net earnings totaled $1.41 billion, or $1.61 per share, handily beating Wall Street consensus analyst expectations of $1.51 per share.
CP notches record 4Q income, operating ratio
Canadian Pacific early Thursday, Jan. 22, 2015, announced record net income of C$451 million, of C$2.63 per diluted share, up 10% from the fourth quarter of 2013 and aiding the…
Class I employment gains in December
Figures released by the Surface Transportation Board Wednesday, Jan. 21, 2015, show total Class I railroad employment as of mid-December 2014 rose 4.93% to 170,841, from mid-December 2013, and also…
2015 Railroader of the Year: Hunter Harrison, Canadian Pacific
Now a two-time recipient of the industry's most prestigious award, this giant of railroading tackles the questions, where are we going, and how are we going to get there?
CP's next move?
A bid for CSX does not suggest that all of CP's growth potential lies eastward.
BNSF outlines $6 billion capex plan
BNSF on Jan. 15, 2015 announced details about the major capital projects it plans to complete in 2015 to maintain and grow its rail network.
Freight traffic: Good first full 2015 week
North American freight rail traffic for the week ending Jan. 10, 2015 – the first full week of 2015 – started off strongly, the Association of American Railroads reported Thursday,…
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