Class I

“Short-term pressure,” in the words of President and CEO Jim Squires, contributed to Norfolk Southern on July 27, 2015 posting second-quarter 2015 financials with significant declines in net income, operating…
The Sunday, July 26, 2015 Brickyard 400 NASCAR Sprint Cup Series race at Indianapolis Motor Speedway will have not one, but two CSX-primary-sponsored Front Row Motorsports Ford Fusions running: The…
Net income of $1.2 billion, compared with 2014 net income of $1.3 billion, combined with an operating revenue decrease of 10% and an operating income down 11%, resulted in a…
For the week ending July 18, 2015, total U.S. weekly rail traffic was 551,181 carloads and intermodal units, down 2.8% compared with the same week last year, as carload traffic…
Testifying at a July 22, 2015 Surface Transportation Board hearing on railroad revenue adequacy, the Association of American Railroads, executives from its member railroads and economic experts urged federal regulators…
The Federal Railroad Administration on July 22, 2015 sent a reminder to railroads transporting crude oil that the Emergency Order issued May 7, 2014 (Docket No. DOT-OST-2014-0067) requiring them to…
Canadian Pacific Railway on July 21, 2015 posted its highest-ever net income and lowest-ever operating ratio for a second quarter.
Net income of C$866 million, compared with net income of C$847 million in second-quarter 2014, combined with an operating income increase of 8% and a record-low quarterly operating ratio of…
A revenue decline in all but one commodity group, including a precipitous drop in energy revenue, resulted in a difficult second-quarter 2105 for Kansas City Southern, the railroad reported on…
For the week ending July 11, 2015, total U.S. weekly rail traffic was 534,097 carloads and intermodal units, down 2.4% compared with the same week last year, as carload traffic…
Based on data from the Surface Transportation Board (STB) and Petroleum Supply Monthly, the U.S. Energy Information Administration has reported that rail and pipeline shipments of crude oil from the…
Kansas City Southern has named Brian D. Hancock, a veteran supply chain executive with experience in home appliances, trucking, fast food and discount consumer products, as Executive Vice President and…
With quarterly operating income of more than $1 billion, an operating ratio of 66.8%, and net earnings of $553 million, CSX posted record financial results for the second quarter of…
Union Pacific Railroad (UP) is investing nearly $15 million in its rail line between the Missouri/Iowa border and Trenton, Mo., part of an overall $66 million program in that state,…
CSX Corporation (CSX) launched on July 13, 2015 its fifth annual Corporate Social Responsibility Report, Moving Forward, highlighting the company’s progress in 2014 toward goals related to business performance, employee…
Canadian Pacific (CP) met with officials from the City of Vancouver on July 10, 2015 to discuss CP’s operating plan for the Arbutus corridor rail line.
The American Association of Railroad Superintendents (AARS) has announced a call for applications for the Michigan State University Railway Management Certificate Course Scholarship sponsored by Progress Rail Services.
Tools and techniques both new and old help railroads cope with weather extremes.
Since March we have been very cautious on the near-term prospects for the railroad stocks, warning investors on multiple occasions about the disappointing volume outlook for the group. These warnings…
For the week ending July 4, 2015 total U.S. weekly rail traffic was 506,284 carloads and intermodal units, up 1.7% compared with the same week last year, as carload traffic…
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