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For UP, a challenging second quarter
Revenue declines in six traffic groups were a key contributing factor in Union Pacific’s second-quarter financials, for which the railroad reported diluted earnings per share of $1.17, a 15% decline…
USDOT constructs Build America Bureau
The U.S. Department of Transportation (USDOT) announced the establishment of the Build America Bureau, "which will drive transportation infrastructure development projects in the United States by streamlining credit and grant…
AAR: Total weekly rail traffic down 5.6%
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending Jul. 16, 2016:
For CP, a tough second quarter
The second quarter of 2016 was not kind to Canadian Pacific, though in line with CP’s quarterly outlook, released in June.
Hunter Harrison readies for a transition
E. Hunter Harrison came out of retirement in 2012 to lead Canadian Pacific out of the Class I basement, where it had languished for several years. The following year, his…
Water by rail ready to roll
A terminal serving the crude oil industry is offering help for drought-stricken California.
KC Southern announces earnings: uptick in volume trend into 2Q
Kansas City Southern (KCS) reported second quarter results on July 19. Revenues were $569 million, a decrease of 3% from second quarter 2015. Overall, carload volumes were unchanged compared to…
Minnesota establishes council on freight rail
Minnesota Gov. Mark Dayton issued an executive order, establishing the Governor’s Council on Freight Rail, which will bring together state officials and railroads in a public-private working group to improve…
BNSF and SWRR reach agreement for Clovis-Carlsbad line
BNSF Railway and Southwestern Railroad (SWRR) reached an agreement which calls for BNSF to take over service of the rail line between Clovis and Carlsbad, N.Mex. effective Jan. 17, 2017.
Moving energy beyond borders
Can exports revive North America’s crude-by-rail and coal?
NTSB releases preliminary report on BNSF Panhandle collision
One of the trains involved in the June 28 head-on collision between two BNSF intermodal trains outside of Panhandle, Texas passed a red signal before the accident.
US DOT reports second consecutive month uptick in freight
The U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS) released numbers on July 13 showing the Freight Transportation Services Index (TSI), which is based on the amount of freight…
CSX releases coal-impacted second quarter earnings
CSX on July 13th announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of…
AAR: weekly rail traffic's summer slump
The Association of American Railroads (AAR) reported on July 13th U.S. rail traffic for the week ending July 9, 2016. For this week, total U.S. weekly rail traffic was 442,113…
NTSB replies to senators after Oregon crude derailment
In a reply dated July 5, 2016, the National Transportation Safety Board (NTSB) responded to a letter from Oregon’s U.S. senators regarding the June 3 Union Pacific oil train derailment…
CP: Moving grain with an Item 6
Canadian Pacific’s Crowsnest Subdivision is busy with grain trains as prairie elevators are cleared to accept the coming harvest. CP has been pairing trains through the subdivision by giving two…
Virginia rail projects into the FASTLANE
Virginia’s planned Atlantic Gateway Project has been selected for a $165 million federal FASTLANE (Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies) grant.
AAR: carload traffic down 7% for June
The Association of American Railroads (AAR) on July 6th reported weekly U.S. rail traffic, as well as volumes for June 2016.
NTSB takes over BNSF Texas derailment investigation
The National Transportation Safety Board (NTSB) has taken control of the investigation into the June 28, 2016 accident between two BNSF intermodal trains near Panhandle, Tex.
Summer don’t slump: Weekly AAR rail traffic report
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending Jun. 25, 2016, with fewer declines than previous weeks as we head into summer.
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