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NS 3Q: Record-low OR
Norfolk Southern on Oct. 26 reported third-quarter 2016 results with a record low operating ratio, which improved to 67.5%, reflecting a 10% reduction in operating expenses coupled with a 7%…
AAR: weekly intermodal volume up 2.6%
The Association of American Railroads (AAR) on Oct. 26 reported for the week ending Oct. 22, 2016, total U.S. weekly rail traffic was 544,092 carloads and intermodal units, down 1.7%…
Savage opens transloading facility in Iowa
Savage announced Oct. 25 the start of transloading in Daveport, Iowa.
CN 3Q: "Outstanding results"
Luc Jobin, CN President and CEO, announced CN's third-quarter 2016 results on Oct. 25: "With solid execution from our industry-leading operating team and a network-wide focus on providing quality service,…
BNSF Short Line of the Year: Burlington Junction
BNSF Railway on Oct. 20 named Burlington Junction Railway (BJRY) its 2016 Short Line of the Year at its annual Short Line Conference. BNSF recognized BJRY “for its dedication to…
UP absorbs third-quarter hit
Any way you slice them, Union Pacific’s third-quarter 2016 financials aren’t good. Based on “an unstable global economy, the relatively strong U.S. dollar, and continued soft demand for consumer goods,”…
“Civil War-era” technology? You’re joking, right?
I’ve heard some pretty disingenuous (that’s a polite word for “dopey”) things said about railroads in my nearly 25 years at Railway Age. Nearly all of them have come from…
AAR: Weekly U.S. rail traffic down 4.2%
The Association of American Railroads (AAR) reported on Oct. 19 that for the week ending October 15, 2016, total U.S. weekly rail traffic was 531,936 carloads and intermodal units, down…
Velani named CP CFO
Canadian Pacific on Oct. 19 named Nadeem Velani Vice President and Chief Financial Officer. He had been serving in an interim capacity since Sept. 9, 2016.
CP 3Q ’16: OR still dropping
An operating ratio of 57.7%, the lowest-ever when compared to adjusted operating ratios in previous quarters, and increases in diluted earnings per share (both adjusted and non-adjusted) marked Canadian Pacific’s…
For KCS, a challenging third quarter
Kansas City Southern (KCS) reported third-quarter 2016 revenues of $605 million, a decrease of 4% from third-quarter 2015, in what management is describing as a very challenging period.
KCS increasing speed in Mississippi
Kansas City Southern announced October 17 that train speed on 2.5 miles of track between Martin Luther King Street and Highway 90 in Gulfport, Miss. will increase from 10 to…
Jim McClellan, June 10, 1939 – Oct. 14, 2016
Former Norfolk Southern senior executive James W. “Jim” McClellan, who played a significant role in shaping the structure of the modern North American railroad industry, died Oct. 14, 2016. He…
BMC acquires transload facility from Di-Corp
Badger Mining Corporation (BMC), a family-owned industrial sand supplier based out of Berlin, Wis., announced Oct. 14 a further commitment to the Canadian market with the asset acquisition of Di-Corp’s…
First responders training with NS safety train
Emergency responders from 18 cities in 13 states across Norfolk Southern’s railroad network are receiving advanced training in safely handling potential rail incidents involving hazardous materials with NS’s safety train.
Hunter Harrison: We’ll move that grain—with your cooperation
Canadian Pacific CEO Hunter Harrison says his railroad is ready to move Western Canada’s delayed grain crop to market, provided there is “supply chain accountability,” which will be measured in…
CSX restoration update for the Carolinas
CSX updated its restoration efforts post-Hurricance Matthew. Normal train operations have resumed to Savannah, Ga., Charleston, S.C. and Portsmouth, Va. The main line from Hamlet, N.C. to Charleston was next…
Jason Seidl: Shippers “slightly negative to neutral” on railroads
According to Cowen and Company’s Third-Quarter 2016 Rail Shipper Survey, shippers “are anticipating the lowest rate of price increases over the next 6-12 months that we’ve seen in our survey…
CSX third quarter: “Strong cost performance”
Citing “macroeconomic and energy headwinds impacting most markets,” CSX posted third-quarter 2016 net earnings of $455 million, or $0.48 per share, down from $507 million, or $0.52 per share, in…
AAR to DOT: GAO agrees we don’t need ECP
The Association of American Railroads says the Department of Transportation should withdraw its rule on electronically controlled pneumatic (ECP) brakes for crude oil trains after a review released Oct. 12…
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