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LaHood to step down in February
Transportation Secretary Ray LaHood, says he will leave the Obama administration in February, ending months of speculation over the possibility of continuing in his role during the administration’s second term.
CP terms 4Q earnings “solid”
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in…
UP employees achieve new safety record
Union Pacific's 2012 employee safety performance was the best in the company's 150-year history—a 1.01 reportable injury rate, surpassing the former record of 1.15 achieved in 2011. From 2002 to 2012, employees improved…
NS budgets $2 billion for 2013 capex
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company…
U.S. freight traffic stays mixed in latest week
U.S. freight carload traffic for the week ending Jan. 19, 2013 was down 3.5% measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal…
CSX 4Q earnings dip; full-year earnings advance
CSX Corp. Tuesday afternoon reported fourth-quarter 2012 net earnings of $443 million, or 43 cents per share, compared with $457 million, or 43 cents per share, in the comparable 2011…
NS 4Q and full-year results slip
Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of…
CN notches solid 4Q results
Canadian National Tuesday reported fourth-quarter earnings of C$610 million (US$614 million), of C$1.41 per share, up from C$592 million, or C$1.32 a share, in the fourth quarter of 2011. Earnings…
NS opens third Crescent Corridor intermodal terminal
Norfolk Southern on Monday said it has opened its third Crescent Corridor intermodal facility, a $97 million terminal in Greencastle, Pa., in the south central portion of the Keystone State.
BNSF unveils 2013 capital commitment program
BNSF Railway Co. late Friday announced its 2013 capital commitment program of approximately $4.1 billion, which the railroad said was "approximately a $450 million increase over its 2012 capital spend…
December employment up year-over-year
Figures released Friday by the Surface Transportation Board show Class I railroads employed 162,652 people in mid-December 2012, up 1.06 % from December 2011, though down a modest 0.07%, or…
U.S. freight traffic resumes familiar mix(ed)
For the second week of 2013 (and the first week fully within the calendar year), U.S. freight traffic mirrored its most common measure through most of 2012: U.S. carload freight…
CN, Indiana Rail Road plan intermodal venture
CN and the Indiana Rail Road Co. on Wednesday announced plans to construct an intermodal terminal in Indianapolis, designed to offer Indiana importers and exporters an all-rail option for containerized…
OSHA: BNSF signs employee practices accord
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) on Tuesday said it has signed an accord with BNSF Railway Co., noting "BNSF's voluntary revision of several personnel…
CP touts new Saskatchewan intermodal hub
Canadian Pacific on Monday announced the opening of its Intermodal Facility at Saskatchewan's Global Transportation Hub (GTH) in Regina, the provincial capital.
New year, same U.S. freight traffic doldrums
U.S. freight traffic volume began 2013 the same way it ended 2012, declining from the comparable week of one year ago, the Association of American Railroads reported Thursday.
NS touts role in industrial development
Norfolk Southern said Friday it has "participated in the location of 64 new industries and the expansion of 30 existing industries along its rail lines in 2012."
U.S. freight traffic ends 2012 on down note
Both U.S. freight carload traffic and U.S. intermodal volume declined for the week ending Dec. 29, 2012—essentially the end of the year—the Association of American Railroads said Thursday.
CN merges two U.S. subsidiaries
Canadian National ended 2012 by completing its merger of the Elgin, Joliet & Eastern Railway into its Wisconsin Central Ltd. railroad subsidiary.
UNION PACIFIC CHAIRMAN JAMES R. YOUNG NAMED RAILROADER OF THE YEAR
January 2, 2013: James R. Young, Chairman of Union Pacific Corporation, has been named 2013 Railroader of the Year by railroad industry trade journal Railway Age.
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