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KCS sets record 1Q revenue; earnings beat Street
Kansas City Southern early Friday reported first-quarter revenue of $553 million, up 1% from the comparable quarter in 2012 and a record. Net income was $94 million, or 94 cents…
UP 1Q earnings beat Street
Union Pacific Thursday reported net income of $957 million, or $2.03 per share, in the first quarter of 2013, up from $863 million, or $1.79 a share, in the first…
U.S. freight traffic resumes mixed pattern
U.S. freight carload traffic fell, and U.S. intermodal volume increased during the week ending April 13, 2013, the Association of American Railroads reported Thursday, as overall U.S. traffic resumed a…
CSX touts record 1Q earnings
CSX Corp. late Tuesday said it notched earnings of $459 million, or 45 cents per share, in the first quarter, up from $449 million, or 43 cents per share, in…
House T&I Committee convenes panel to study freight transport
The House Committee on Transportation and Infrastructure has convened a new panel—the “Panel on 21st Century Freight Transportation”—which is “tasked with examining the current state of freight transportation in the…
Alstom, Lilee tout PTC product line
Lilee Systems and Alstom Tuesday jointly announced the launch of what they called a "new, first-of-its-kind suite of interoperable Positive Train Control (PTC) products for rail lines."
KCS sees stronger traffic in 2013 and beyond
In the company's annual report, just released, Kansas City Southern President and Chief Executive Officer David L. Starling and Executive Chairman Michael R. Haverty say they view 2013 as a…
UP begins intermodal service at Texas port
Union Pacific introduced its "Texas Shuttle" dedicated intermodal rail service between the Port of Houston Authority's Barbours Cut Container Terminal and UP's Dallas Intermodal Terminal facility, located 12 miles from…
U.S. freight traffic gains as April begins
U.S. freight carload traffic for the week ending April 6, 2013 gained ground, up 3.7%, measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S.…
AAR: Railroads eye future Panama Canal traffic
Association of American Railroads (AAR) President and CEO Edward R. Hamberger on Wednesday told the Senate Committee on Commerce, Science, and Transportation that freight railroads are positioning themselves to meet…
Railroads a presence among Transcaer award winners
Transcaer® (Transportation Community Awareness and Emergency Response), a voluntary national outreach organization, on Thursday announced the recipients of its 2012 National Awards Recognition Program. Several railroads were among the award…
BNSF: Customers continue reducing C02 footprint
BNSF Railway says its customer base continues to reduce overall carbon dioxide emissions "shipping their freight by rail instead of entirely over the road," leveraging the environmental benefits of freight…
U.S. freight traffic slips as March ends
U.S. freight carload traffic and U.S. intermodal volume declined during the week ending March 30, 2013, the Association of American Railroads said Thursday, as the overall month ended in mixed…
New Mexico offers BNSF fuel break
A new law in New Mexico will provide a tax break to lower the cost of locomotive fuel for the BNSF Railway Co., the Associated Press reported Wednesday.
Schnautz to lead NS research and technology group
Norfolk Southern has appointed Tom W. Schnautz assistant vice president research and advanced technology. Schnautz has assumed some of the responsibilities of Gerhard Thelen, including Positive Train Control (PTC) and…
CP reopens line after Minnesota oil spill
Canadian Pacifc on Thursday said it had resumed service in western Minnesota after a derailment spilled up to 30,000 U.S. gallons of oil.
Thank you, Betsy Morris (and the WSJ, too)
The Wall Street Journal has done a brilliant job of, as our Senior Consulting Editor Luther Miller likes to say, “making the obvious less obscure.”
New streak? U.S. carload freight up again
U.S. freight carload traffic logged a second straight week of gains, albeit modest ones, measured against the comparable period in 2012, the Association of American Railroads said Thursday.
February employment up from year ago, and from January
Figures released Tuesday by the Surface Transportation Board show Class I railroads employed 162,228 people in mid-February, up 0.90% from February 2012, and up a modest 0.11% from last January.
AAR spurns Senate antitrust bill
The Association of American Railroads late Thursday voiced strong objetction to introduction of the Railroad Antitrust Enforcement Act, earlier in the day, by Sen. Amy Klobuchar (D-Minn.) and Sen. David…
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