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Jason Seidl: CP "still a good play for patient investors"
Canadian Pacific’s fourth-quarter and full-year 2015 financial results were slightly below analyst expectations yet “still solid given the macro challenges,” according to Cowen and Company Managing Director and Railway Age…
Volume declines impact UP financials
Like all North American railroads, Union Pacific has been experiencing volume declines. As a result, the railroad’s financial performance has suffered, for both fourth-quarter and full-year 2015, as UP reported…
CP falls short of analyst expectations
Amid a North-American-wide slump in traffic volume, falling prices for railroad-transported commodities like coal and oil, and an economy that appears to be increasingly unstable, Canadian Pacific, the second publicly…
Carload traffic down, intermodal flat
For the week ending Jan. 16, 2016, total U.S. rail traffic was 506,433 carloads and intermodal units, down 8.2% compared with the same week in 2015, the Association of American…
CP: Proposed merger would "alleviate" Chicago congestion
Following a letter submitted to the U.S. Department of Justice in which Canadian Pacific accused several Class I railroads of joining forces to put a stop to its pursuit of…
CP-NS: Government advocacy is protected speech
News item: Canadian Pacific (CP) is pursuing a hostile takeover of Norfolk Southern (NS). CP is asking the U.S. Justice Department to investigate whether NS and other U.S.-based major railroads—some…
CP cries "antitrust!" to USDOJ
In the latest twist in the ongoing saga of Canadian Pacific’s increasingly hostile pursuit of a steadfast Norfolk Southern as a takeover target, CP is accusing several unnamed Class I…
CSX to consolidate operating divisions
As CSX “continues to match network resources to business demand and drive additional efficiency,” the company announced Jan. 19, 2016 that it is consolidating its operations administration from ten divisions…
Railroader of the Year: CARL ICE
BNSF’s President and CEO leads a railroad that continuously sets high standards for investment, service quality, profitability and safety. Following is the complete interview, as published in the January issue…
Jason Seidl: Notable changes at NS; recession fears grip CSX shares
Norfolk Southern’s Jan. 12, 2015 announcement about consolidating its Pocahontas and Virginia divisions “is notable,” and CSX is facing “continued industrial challenges,” according to Cowen and Company Managing Director and…
UP: We don’t need another merger. CP: Really?
In remarks at the Midwest Association of Rail Shippers annual meeting on Jan. 13, 2015, Lance M. Fritz, President and CEO of Union Pacific, while declining to comment specifically on…
Carload traffic down, intermodal up
For the week ending Jan. 9, 2016, total U.S. rail traffic was 498,160 carloads and intermodal units, down 3.7% compared with the same week in 2015, as carload traffic dipped…
AAR's Hamberger lays out 2016 priorities, recaps 2015 successes
The nation's top freight rail representative, Association of American Railroads (AAR) President and CEO Edward R. Hamberger, said Jan. 13, 2016 that the industry will be targeting several key issues…
Jason Seidl: "Confidence improves slightly but remains weak"
The results from Cowen and Company’s Fourth Quarter 2015 Rail Shipper Survey “continue to show demand weakness, a lack of confidence in the economy and that further truckload rate deterioration…
Norfolk Southern slimming down a bit
Most likely to assist in heading off Canadian Pacific’s next move toward an acquisition, Norfolk Southern announced on Jan. 12, 2016 that it is consolidating two of its divisions and…
CSX calls fourth-quarter, full-year earnings "solid"
CSX Corporation on Jan. 12, 2016 announced fourth-quarter 2015 net earnings of $466 million, a 5% decline from $491 million in the same period of 2014, or $0.48 per share,…
CP: "Status quo not an option"
Following a period of relative quiet over the Christmas holiday, Canadian Pacific’s endeavor to acquire Norfolk Southern has picked up steam with issuance of a white paper, “A 21st Century…
CSX names new sales, marketing leaders
CSX has appointed key leaders in the Sales and Marketing organization as it continues to focus on enhancing customer relationships and encouraging profitable growth, the company announced Jan. 11, 2016.…
RSI looks to sustain momentum in 2016
In 2015, the Railway Supply Institute, Inc. (RSI) advocated quite heavily against keeping truck size and weight from increasing. And it was successful on both accounts. Now, according to RSI’s…
AAR sets incremental PTC goals
Working within the up-to five-year extension Congress granted in late 2015, the Association of American Railroads has set year-end 2016 goals for Positive Train Control implementation.
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