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Buffett: Beware of environmental "shortcuts"
Well-run companies that fill a lasting need and do the least damage to the environment are known to be the kind of businesses that Berkshire Hathaway's Warren Buffett likes to acquire.
CN, CSX offer rail interchange at Chicago
Canadian National has announced a new rail interchange service with CSX Transportation (CSX) over the Chicago gateway. Prior to this agreement, CN and CSX exchanged containers in Chicago only by truck.
Gaining strength, KCS initiates cash dividend
In a sign of growing financial strength, Kansas City Southern's board of directors has decided to initiate a quarterly cash dividend for holders of its common stock.
House extends surface transport funding again
Unable to craft its own long-term surface transportation bill, and equally unable to agree to a Senate version already passed by the upper house, the House of Representatives Thursday managed…
U.S. carload traffic slump continues
U.S. freight carload traffic for the week ending March 24, 2012 fell significantly, down 7.2%, measured against the comparable week in 2011, the Association of American Railroads (AAR) said Thursday,…
STB seeks less formal litigation, more mediation
The Surface Transportation Board has initiated proposals to encourage more mediation and arbitration for the resolution of issues coming before the Board.
Standard & Poor's upgrades KCS credit rating
Standard & Poor's on Tuesday upgraded Kansas City Southern's credit rating to B+ with a positive outlook, one level below an investment grade rating, which would further cut borrowing costs. The upgrade…
CN sells two rail segments to Metrolinx
CN said Tuesday it would sell two rail segments in the Greater Toronto Area to Metrolinx for C$310.5 million.
AAR: U.S. freight traffic remains mixed
U.S. freight carload traffic for the week ending March 17, 2012 fell 5.3% compared with the same week in 2011, the Association of American Railroads said Thursday. But U.S. intermodal…
Rail employment barely down in mid-February
Class I rail employment numbers released by the Surface Transportation Board show Class I railroads employed 159,333 people in mid-February, up 3.93% from February 2011, and down just 105 positions,…
Smith, Furniture Row Racing, CSX finish mid-pack at Bristol
Regan Smith brought his No. 78 Furniture Row Racing/CSX Play it Safe Chevrolet home in 24th place, four laps down, at Bristol Motor Speedway on Sunday following an early incident.
"Continuing resolution" no solution at all
Congress can't seem to get out of its own way when it comes to reauthorizing the surface transportation program. It's approaching three years since the silly-named SAFETEA-LU expired in September 2009.
GM names UP Rail Services Supplier of the Year
General Motors has named Union Pacific its 2011 Supplier of the Year for Rail Services.
Amtrak, Michigan cry foul over NS slow order
Amtrak and the Michigan Department of Transportation late Thursday publicly protested a decision by Norfolk Southern enacting speed restrictions of 25 to 30 mph on NS track between Kalamazoo and…
RailComm names Michael Dampier VP
Fairport, N.Y.-based RailComm on Thursday announced that Michael Dampier has joined the company as vice president of Sales and Marketing. Dampier will be based in Jacksonville, Fla.
Dave Starling: “Not just a job, but a way of life"
Highlights from Kansas City Southern President and CEO Dave Starling’s remarks upon receipt of the Railroader of the Year Award, Union League Club, Chicago, Ill., March 13, 2012. “Railroading in…
Butler succeeds Koraleski at UP
Union Pacific directors have named Eric L. Butler executive vice president, Marketing and Sales, succeeding Jack Koraleski, who is serving as acting president and CEO while Chairman Jim Young is on…
AAR: U.S. freight traffic stays mixed
U.S. freight traffic continued its mixed trends in the week ending March 10, 2012, the Association of American Railroads said Thursday. U.S. freight carload traffic declined 4.8% for the week…
UP, Amtrak agree on Sunset Limited change
Amtrak and Union Pacific reportedly have reached agreement to adjust schedules for Amtrak's tri-weekly Sunset Limited, connecting New Orleans and Los Angeles, changing the train's westbound departure from New Orleans…
UP expects 7% drop in 1Q coal volume
Union Pacific told JPMorgan's Aviation, Transportation and Defense conference Tuesday that while most shipping volumes are up this year, it expects a 7% drop in first-quarter coal volume due to the mild…
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