Class I

Norfolk Southern on Jan. 25 reported fourth-quarter and full-year 2016 financial results reflecting better income and earnings and a record-low operating ratio, compared to 2015.
Kansas City Southern will invest $550 million to $560 million in 2017 capital, a 4% to 5% percent reduction from its $584 million 2016 capex program.
Norfolk Southern on Jan. 24 named six people to new Vice President positions and duties, and announced the retirement of two long-time executives.
CN’s fourth-quarter and full-year 2016 financial and operating results “demonstrated once again our ability to perform well in a mixed economic environment, despite facing difficult winter conditions in December,” President…
First, let me make this perfectly clear: Two-time Railway Age Railroader of the Year E. Hunter Harrison (2002, CN/Illinois Central; 2015, Canadian Pacific) is one of our industry’s best all-time…
Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) on Jan. 23 announced his selections for Full Committee Vice Chairman and the Committee’s six Subcommittee Chairmen for the 115th Congress:
News item: Republican Ann Dawn Begeman, 52, was confirmed by the Senate in December to a second term—expiring Dec. 31, 2020—on the five-person Surface Transportation Board (STB). Expect her to…
The Association of American Railroads issued a statement on Donald J. Trump's inauguration day as President of the United States stating that the rail industry is prepared to work with…
Union Pacific Corporation on Jan. 19 reported 2016 fourth-quarter net income of $1.1 billion, or $1.39 per diluted share compared to $1.31 per diluted share, in fourth-quarter 2015.
BNSF Railway Company (BNSF) on Jan. 19 announced its 2017 capital expenditure plan will be approximately $3.4 billion.
Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous…
The Association of American Railroads (AAR) on Jan. 18 reported for the week ending Jan. 14, 2017 total U.S. weekly rail traffic was 516,229 carloads and intermodal units, up 2%…
Rail shippers “are more confident in the economy, and the new Trump Administration is providing a degree of both hopeful optimism and uncertainty,” according to Cowen and Company’s 4Q16 Rail…
On Jan. 17, CSX Corporation announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of…
Trackmobile and Rail Safe Training, Inc. announced on Jan. 16 a new safety partnership. Every new Trackmobile railcar mover sold will now come with complimentary rail safety training from Rail…
The Association of American Railroads (AAR) on Jan. 13 responded to comments filed by a group of shippers to the Surface Transportation Board (STB) for new mandated reciprocal switching ("forced…
Optimism was the main thread that ran across the presentations we saw at the Midwest Association of Rail Shippers (MARS) meeting in Chicago Jan. 11-12. Most people felt better about…
The Association of American Railroads (AAR) reported Jan. 11 for the week ending January 7, 2017,  total U.S. weekly rail traffic was 441,417 carloads and intermodal units, down 11.4% compared…
Noted trucking industry veteran and freight economist Noel Perry appears to hold a positive near-to-intermediate term view of freight markets, projecting truckload capacity to exceed full utilization in 2018, according…
The Association of American Railroads (AAR) provided this 2017 outlook on Jan. 4:
49
Page 49 of 227

Get the latest rail news

Rail news and analysis from Railway Age, IRJ and RT&S by email