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U.S. freight carload traffic still struggles; intermodal up
U.S. freight carload traffic declined 4.1% for the week ending Sept. 22, 2012, measured against the comparable week in 2011, the Association of American Railroads reported Thursday. U.S. intermodal volume…
CP, “The last great rail turnaround”
Wall Street analyst William Greene of Morgan Stanley Research North America is telling investors in the rail sector that Canadian Pacific Railway, under the direction of newly appointed chief executive E.…
CP names Redeker chief information officer
Canadian Pacific announced Friday that Michael Redeker has been appointed vice president and chief information officer, effective Oct. 15. Redeker was most recently chief information officer at ATB Financial.
August employment down from July
Class I railroad employment totaled 161,134 in August, down 0.54% from July, though maintaining an edge of 0.64% over August 2011, according to figures released Thursday by the Surface Transportation Board.
NS shares dip on earnings warning
Norfolk Southern announced late Wednesday that third-quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, "primarily due to volume declines in certain markets and…
Intermodal again powers U.S. freight mix
U.S. freight carload traffic for the week ending Sept. 15 lagged behind the comparable week in 2011, down 2.9%, continuing a yearlong trend, the Association of American Railroads reported Thursday.…
NS improves Carbon Disclosure Project score
Norfolk Southern Corp. said Wednesday it "has achieved its best-ever score in the S&P 500 Climate Change Report released by the Carbon Disclosure Project."
FRA funds third track for northern Virginia
The Federal Railroad Administration Monday announced its intent to release $74.8 million for 11 miles of a third track for use by Virginia Rail Express (VRE), CSX, and Amtrak in northern…
CP touts faster transcontinental service
Canadian Pacific Monday said it has launched new faster intermodal train services connecting Vancouver, British Columbia, to Toronto or Chicago.
Rail cost of capital rises to 11.57%
The Surface Transportation Board announced Friday that it had determined the railroad industry's after-tax cost of capital for 2011 to be 11.57%, compared with 11.03% for the prior year.
CSX ranks high on carbon disclosure index
CSX Corp. announced Thursday that for the third year in a row the company earned a place on the Carbon Disclosure Project (CDP) S&P 500 Carbon Disclosure Leadership Index (CDLI), and for…
AAR: U.S. “mixed traffic” trend rolls on
U.S. freight carload traffic fell 2.3% during the week ending Sept. 8, 2012, measured against the comparable week in 2011, the Association of American Railroads (AAR) said Thursday. U.S. intermodal…
Baltimore, CSX eye near-dock intermodal site
Mount Clare train yard in southwestern Baltimore would be the site of a $90 million, near-dock intermodal yard designed to aid traffic flow through the Port of Baltimore. CSX Transportation…
U.S. ends August with mixed traffic results
U.S. freight carload traffic for the week ending Sept. 1 declined 3.4% measured against the comparable week of 2011, the Association of American Railroads said Thursday. But U.S. intermodal continued…
CN identifies locomotive shop investment
CN Wednesday said it plans a C$12 million expansion of its Locomotive Reliability Centre (LRC), located in Prince George, British Columbia.
BNSF touts Bakken field capacity expansion
BNSF Railway said Tuesday it has increased capacity this year to enable the railroad to haul 1 million barrels of oil per day out of the Williston Basin in North…
New Orleans rail operators deal with Isaac
Residents in New Orlean's French Quarter Thursday assured Railway Age by email that the city center was literally weathering Hurricane Isaac far better than expected, retaining electric power and phone…
AAR: U.S. still notching mixed traffic results
U.S. Class I railroads once more logged mixed traffic results during the week ending Aug. 25, 2012, the Association of American Railroads reported Thursday. U.S. freight carload traffic slipped 0.8%…
BNSF slims down expected export coal surge
In travels through the Pacific Northwest last week, BNSF Chairman and CEO Matthew Rose sought to ease concerns of cities and other interests in Washington and Oregon that an expected increase in…
Maximizing productivity in “the heart of coal”
The question facing the rail industry is not whether coal traffic will come back, but rather, when will it come back. When it does, the railroads will be ready, as…
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