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CSX earnings rise, operating ratio falls
CSX Corp. late Tuesday announced second-quarter net earnings of $512 million, or $0.49 per share, versus $506 million, or 46 cents per share, in the same period last year—a 7%…
FRA, OSHA act to protect whistleblowers
The Federal Railroad Administration and the Occupational Safety and Health Administration announced Monday an agreement "to improve coordination between the two agencies in enforcing the whistleblower provision of the Federal…
Intermodal powers KCS to record quarter
With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million.…
Of professionalism, and profitability
Over the last six months or so as I've made my rounds visiting short lines, regional railroads, and Class I's from the locomotive cab to the executive suite, I've found…
AAR says weekly rail traffic is mixed
The Association of American Railroads (AAR) Thursday reported mixed weekly rail traffic for the week ending July 7, 2012, with U.S. railroads originating 243,156 carloads, down 1% compared with the…
Rail industry goal: 5,000 jobs for vets this year
The freight railroads, intercity passenger and commuter railroads, and rail supply companies of the United States expect to hire more than 5,000 veterans in 2012.
Railroad accidents decline
The latest Federal Railroad Administration accident report, covering this year's first four months, again shows strong safety gains for railroads.
CN beefs up B.C. North Line capacity
Canadian National announced that it will build five extended sidings this year as part of a multiyear C$155 million program to expand capacity in the Edmonton, Alta.-Prince Rupert, B.C., corridor.
U.S. freight carload volume sluggish again
U.S. intermodal volume continued its torrid 2012 pace for the week ending June 30, but U.S. freight carload traffic resumed falling short of 2011 volume, the Association of American Railroads…
UP's Koraleski sees "slow, continual growth"
Union Pacific President and CEO Jack Koraleski said Monday that he sees nothing "right now" to indicate the economy is softening, and added: "We see a slow, continual growth pattern."
UP marks "150 years of building America"
The Union Pacific Railroad on Sunday officially celebrated its 150th birthday. On Monday, UP President and CEO Jack Koraleski visited the New York Stock Exchange with 11 other UP employees to ring…
Joy, trepidation, fear at CP—all at the same time
The worst kept secret in the railroad industry for more than a month has been the identity of the new chief executive of Canadian Pacific Railway. For the record, E.…
Hunter Harrison named CP President, CEO
Canadian Pacific Friday officially made its long-anticipated move of appointing E. Hunter Harrison president and chief executive officer, completing a significant revision of CP leadership through its revamped board of…
North American carload freight volume rallies
Freight carload volume gained ground in Canada, Mexico, and the U.S. during the week ending June 23, 2012, measured against the comparable week a year ago, the Association of American…
Case against coal heats up—again
A ruling by the U. S. Court of Appeals for the District of Columbia has cast new doubt on the future of coal as a source of electricity it for Americans—and a…
Rail employment dips in May, but ahead of 2011
U.S. Class I railroads employed 161,191 workers in mid-May, down 0.42% from the previous month (161,876), but still ahead of March's 160,523 workers employed, according to data provided by the…
Canadian shippers await promised service law
Canada's Coalition of Rail Shippers (CRS) issued a statement Monday applauding the Minister of Transport, Denis Lebel, for reconfirming his commitment to "introduce a bill which would give shippers the right to service…
CN's Mongeau warns of "intrusive regulation"
Canadian National President and CEO Claude Mongeau says the federal government's three-year Rail Freight Service Review (RFSR) "provided the impetus for CN and the rail industry to re-engage with customers to improve service…
CSX offers Corporate Social Responsibility report
CSX Monday unveiled its 2011 Corporate Social Responsibility (CSR) Report outlining the company's operations, environmental, social, and financial performance.
UP sub acquires Ansaldo STS USA division
PS Technology (PST), a wholly owned subsidiary of Union Pacific Corp., on Monday announced it has acquired the Yard Control Systems division of Ansaldo STS USA.
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