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CSX 4Q, full year set records; Street shrugs
CSX Corp. said late Monday fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of…
CSX names Munoz COO, Eliasson CFO
CSX Corp. Monday said it had appointed Oscar Munoz as executive vice president and chief operating officer and appointed Fredrik J. Eliasson as executive vice president and chief financial officer,…
KCS notches records for 4Q, full year
Kansas City Southern late Monday said it had notched record fourth-quarter revenue of $530 million, up 11% from the comparable quarter in 2010, while generating operating income of $150 million,…
CN, CP reach accord for potash shipments
Canadian National and Canadian Pacific reached separate 10-year agreements with Canpotex Ltd. to transport potash volumes that Canpotex ships to export markets. Under CP's agreement, CP will be Canpotex's principal…
BNSF offers new online tools for shippers
BNSF Railway Monday announced the release of two new online tools —Carload Shipping Advisor and Serving Carrier Reciprocal Switch Inquiry— that it says "allow customers to compare shipping options by…
Union Pacific No. 5 on top 50 companies list
Bloomberg BusinessWeek magazine has listed Union Pacific No. 5 on its 2012 list of top 50 performing companies. The Bloomberg BusinessWeek 50 evaluates companies on one-year and five-year risk-adjusted returns,…
UP, UPS deliver "perfect peak season"
Union Pacific announced Friday that UP and UPS achieved a "perfect peak season" in 2011 by delivering 100% of UPS peak-season freight without a service failure.
2012 Railroader of the Year: The Video
Kansas City Southern President and Chief Executive Officer David L. Starling, Railway Age’s 2012 Railroader of the Year, talks about his career path, his international experience, and KCS’s recent achievements and…
U.S. freight, intermodal volumes gain, AAR says
U.S. freight carload traffic rose 5.5% for the week ending Jan. 14 compared with the second week of 2011, the Association of American Railroads said Thursday. U.S. intermodal volume also…
UP reports record quarter and year; outlines 2012 capex
Union Pacific announced Thursday that it earned 2011 fourth-quarter net income of $964 million, or $1.99 per diluted share, compared with $775 million, or $1.56 per diluted share, in fourth-quarter…
Kansas City Southern President and CEO David L. Starling named Railway Age Railroader of the Year
David L. Starling, President and Chief Executive Officer of Kansas City Southern, has been named 2012 Railroader of the Year by railroad industry trade journal Railway Age.
December employment up 3.44% from year ago
U.S. Class I railroads employed 159,717 workers in mid-December 2011, up 3.44% from a year earlier, though off 0.25% from November due to a seasonal drop in track maintenance employees.
CP sets 2012 capital plan
CP sets 2012 capital plan Canadian Pacific Railway Wednesday announced that it will invest between C$1.1 billion and C$1.2 billion for infrastructure renewal, network enhancements, and expansion projects in 2012.
Three more unions ratify freight railroad agreements
Members of three more unions have ratified new contracts with U.S. freight railroads, it was announced Tuesday.
At Norfolk, NS breaks coal transload mark
Norfolk Southern has loaded the largest volume cargo in the history of its Pier 6 coal transloading facility at Lamberts Point in Norfolk, Va. Early on Jan. 12, NS finished…
2012 RAILROADER OF THE YEAR: Dave Starling, making the right connections
When you talk with Kansas City Southern President and CEO David L. Starling about how KCS, the smallest Class I in mileage, has extended its reach and developed new frontiers,…
Will Hunter Harrison reemerge—at CP?
Hunter Harrison, CN’s iconic former chief executive and a Railway AgeRailroader of the Year recipient who is now retired in Florida raising show horses, has been approached to run Canadian…
Ferromex grows EMD locomotive fleet
Ferrocarril Mexicano, S.A. de C.V. (Ferromex) said Friday it took delivery last month of an additional 38 SD70Ace locomotives from Electro-Motive Diesel. Ferromex noted it had placed 44 other new…
U.S. freight traffic slips as 2012 begins
U.S. freight carload traffic fell 3.7% for the week ending Jan. 7, 2012, while U.S. intermodal volume plummeted 9.3%, both compared with the comparable week in 2011, the Association of…
STB adds to rail/shipper advisory council
From a flood of nominations, the Surface Transportation Board has selected seven new appointees to serve on the Railroad-Shipper Transportation Advisory Council. RSTAC, which consists of 15 senior officers from…
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