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RBN Energy: CBR "a victory of American ingenuity"
The North American crude-by-rail (CBR) saga “is that of a victory of good old U.S. ingenuity over the lack of pipeline capacity that stranded booming shale oil production in 2012,”…
CSX lands on Best Corporate Citizens List for fourth time
CSX on April 22, 2016 announced that it has been recognized as one of Corporate Responsibility Magazine’s Best Corporate Citizens for 2016 “reflecting [the railroad’s] ongoing commitment to being a…
NS first quarter demonstrates "significant progress"
Norfolk Southern, having shaken off unwanted suitor Canadian Pacific, reported “strong first-quarter  results [that] demonstrate the significant progress we are making in line with our strategic plan,” according to…
NS downsizing Knoxville Yard
Norfolk Southern Corp. on April 20, 2016 announced that it will downsize its Knoxville, Tenn., classification yard, effective May 1. “The action is in response to lower traffic volumes and…
UP: Solid OR offsets volume decline
Union Pacific on April 21, 2016 reported 2016 first-quarter net income of nearly $1 billion, or $1.16 per diluted share, compared to about $1.2 billion, or $1.30 per diluted share,…
Down, down goes the freight traffic
Freight traffic still shows no signs of growth in the week ending April 16, 2016, as carloads and intermodal units were both down nearly 13% and 7.5%, respectively, the Association…
BNSF honors 109 shippers for excellence in product safety
BNSF Railway Company (BNSF) on April 19, 2016 honored 109 shippers with the railroad’s 19th Annual Product Stewardship Award for the safe transportation of hazardous materials by rail during 2015.
RBN Energy: "Massive" over-capacity at Gulf Coast CBR terminals
An RBN Energy LLC analysis shows that about 1.7 million barrels per day of crude by rail (CBR) unload capacity has been built out and is operating in the Gulf…
CP: Record Q1 results, and a share repurchase
Despite a 4% drop in revenues, Canadian Pacific Railway Ltd. posted its lowest-ever first-quarter operating ratio of 58.9% and reported diluted earnings per share of $3.51, or $2.50 on an…
KCS first-quarter OR drops below 70%
Kansas City Southern (KCS) on April 19, 2016 reported a first quarter 2016 operating ratio of 66.6%, a 2.3-point improvement from 70.5% in first-quarter 2015. KCS also reported first-quarter 2016…
BNSF announces annual Employees of the Year Awards
BNSF Railway Company (BNSF) recently recognized a special group of employees for their outstanding achievements in 2015 at an awards ceremony in Fort Worth, Tex. The annual Employees of the…
CSX replies in STB investigation of Amtrak on-time performance
In a letter to the Surface Transportation Board filed April 13, 2016, CSX contends that “giving Amtrak trains absolute priority over the old RF&P (Washington-Richmond right-of-way) upends commuter train operations,…
Toyota recognizes BNSF for logistics excellence
Toyota Logistics Services for the second year in a row named BNSF Railway Company (BNSF) the 2015 recipient of the President’s Award for Logistics Excellence. The President’s Award is Toyota’s…
Freight traffic continues on downward slope
Freight traffic in the month of April, at least so far, isn’t showing signs of improvement. For the week ending April 9, 2016, carloads and intermodal units were down 20%…
How machine vision is revolutionizing automated vehicle health monitoring.
AAR names environmental award recipients
The Association of American Railroads on April 12, 2016 presented Michael Hoey, a CSX Transportation civil engineer from Philadelphia, Pa., the 2016 John H. Chafee Environmental Excellence Award. U.S. Senator…
CSX weathers tough first quarter
Impacted by lower volume, CSX posted first-quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of…
Harold F. Murray, 1924 – 2016
Harold Francis Murray, former Senior Advisor – Passenger and On Board Services, PTSI Transportation, Winnipeg, Alberta, Canada, has passed away, the company announced April 11, 2016. He was 92.
Jason Seidl: Pricing expectations slow
Rail price increases will come at a slowing rate over the next 6-12 months, says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. This…
See ya later, what’s-your-name
Well, it’s all over but the ruminating and regurgitating: Hedge fund king Bill Ackman had his blinders ripped off, read the handwriting on the wall, and wisely deep-sixed his attempt…
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