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Record 3Q earnings for CP
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's…
CN 3Q earnings up on record revenue
CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per…
Amtrak’s Boardman: “In the final estimate, we are one industry”
Amtrak President and CEO Joe Boardman’s keynote address at Railway Age’s 20th Annual Passenger Trains on Freight Railroads Conference, October 15, 2013.
No injuries in CN Alberta train derailment
Thirteen cars on a CN train moving oil and propane through Alberta have derailed, with one car exploding and others nearby catching fire last Saturday, with a "controlled burn" still…
Record 3Q revenue for KCS
Kansas City Southern Friday, Oct. 18, 2013 reported third-quarter net income of $119 million, or $1.07 per diluted share, up from $91 million, or 82 cents per diluted share, in…
U.S. freight traffic gains in latest week
Both U.S. freight carload traffic and U.S. intermodal volume gained ground during the week ending Oct. 12, 2013, measured against the comparable week in 2012, the Association of American Railroads…
UP 3Q earnings soar to record
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter…
CSX 3Q earnings up from 3Q12, beat Street
CSX Corp. Tuesday, Oct. 15, 2013 reported third-quarter net earnings of $463 million, or 46 cents per share, up from $455 million, or 44 cents per share, in the third quarter of…
Intermodal powers U.S. freight traffic gains
U.S. intermodal volume continued its winning ways in the week ending Oct. 5, 2013, while U.S. freight carload volume, improving in recent weeks, slipped, the Association of American Railroads said…
BNSF offers reward for gun attack on consist
The lead locomotive of a BNSF freight consist was struck at least 15 times by gunfire from an automobile pacing the train last month in central Washington state, roughly midway…
CN’s Mongeau: Grain crop looks good
CN President and CEO Claude Mongeau said Monday, Oct. 7, 2013, current forecasts call for western Canada crop production to be one of the largest harvests in history, and he…
AAR: U.S. freight up for week, September overall
Both U.S. freight carload traffic and U.S. intermodal volume for the week ending Sept. 28, 2013 surpassed levels notched in the comparable week of 2012, the Association of American Railroads reported…
CN recognized by CDP for environmental leadership
CN has earned a position of leadership for the quality of climate change data it has submitted to the global marketplace through CDP (Carbon Disclosure Project), described as “the world’s…
NYAB DB-60 II control valve maintains brake pressure on grades
Heavy-haul freight trains require fully charged brakes. When operating a train on a downgrade, brake usage levels on individual cars climb, equipment heats up, and braking power levels can drop…
CN rejects allegations made by former employee over GO Transit contracts
CN said on Tuesday, October 1, 2013, that the commuter rail infrastructure projects it undertook for GO Transit in the Greater Toronto Area (GTA) were “rigorously reviewed” and that it…
Will LNG be a railroad game-changer?
By David Lehlbach, Oliver Wyman, for Railway Age Weighing the pros and cons of transitioning from diesel.
A few clean breakthroughs
Railroads and locomotive builders are prepared to meet the EPA's tough Tier 4 emissions standards. Meanwhile, LNG has taken center stage as a potential replacement for diesel fuel.
A stronger network, with more capacity
How BNSF is leveraging a record $4.3 billion in capital investment.
NS surpasses “pier without peer” coal record
Norfolk Southern said Monday, Sept. 23, 2013 it had again notched a new record for coal transloading at its Pier 6 at Lambert Point facility in Norfolk, Va., loading a…
Employment up year-over-year, slips from July
Figures released by the Surface Transportation Board show Class I railroads employed 163,420 people in mid-August, up 0.45% from August 2012, but down 536 people, or 0.33%, from the previous…
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