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Freight traffic stays relatively flat
According to figures reported by the Association of American Railroads for the week ending April 11, 2015, freight rail traffic remained relatively flat.
CN earmarks C$500 million for Western Canada
CN has embarked on a C$500 million multi-year capital investment program for infrastructure improvements to its Western Canada feeder rail lines in Alberta, Manitoba and Saskatchewan.
Toyota Logistics Services likes going places with UP
Toyota, whose advertising slogan is “Let’s Go Places,” is able to depend upon the railroads for the places its motor vehicles need to go. In recognition, Toyota Logistics Services has…
CSX: Double-digit net earnings and EPS growth in 1Q15
CSX posted first-quarter 2015 net earnings of $442 million, an 11% increase from $398 million in the same period last year, and generated earnings per share of $0.45, a 13%…
BNSF recognizes employees for outstanding achievement
BNSF Railway Company (BNSF) recognized a group of its employees, April 13, 2015, for their outstanding achievements in 2014 at its annual Employees of the Year event, which took place…
NS to Wall Street: Expect lower 1Q 2015 earnings
While stating that it “does not forecast earnings, and this announcement is not intended to change that policy,” Norfolk Southern said, in a press release issued immediately after the New…
First-quarter shipper survey notes “mild negative” for rail
The results of a rail shipper survey conducted by Cowen & Company in 2015’s first quarter indicate a “mild negative for the rail sector,” according to Managing Director and Railway…
STB approves Louisville-Indianapolis track upgrade
Anacostia Rail Holdings (ARH) and CSX have announced that the U.S. Surface Transportation Board has approved a joint proposal by ARH subsidiary Louisville & Indiana Railroad (L&I) and CSX to…
All tied up
All indicators are pointing to a vibrant crosstie market across all segments: wood, concrete, steel, and composite. The freight railroads’ estimated $29 billion in 2015 capital expenditures is one driving…
Examining the DOT v. AAR Supreme Court decision regarding Amtrak
On March 9, 2015, the United States Supreme Court issued its decision in Department of Transportation v. Association of American Railroads, No. 13-1080, 575 U.S. ___ (2015) (DOT v. AAR),…
More SD70ACe locomotives for Ferromex
Ferrocarril Méxicano (Ferromex) has taken delivery of the first 10 of 19 Electro-Motive Diesel (EMD, a Progress Rail Services company) SD70ACe locomotives, bringing its fleet to 116 units.
New rail-served industrial park planned in Fort Worth
Ridge Development plans to construct a two-building industrial park on 47 acres in north Fort Worth, the company announced on April 1, 2015.
Rail freight traffic relatively flat
Gains in intermodal helped offset a downturn in carload traffic during the month of March 2015, the week ended March 28 and the year’s first quarter, the Association of American…
NS launches $53 million energy conversion project at Juniata Locomotive Shop
Norfolk Southern launched a $53 million energy conversion project at its Juniata Locomotive Shop in Altoona, Pa., that will substantially reduce carbon emissions and water usage at the historic 70-acre…
Foxx sends long-term transportation bill to Congress
U.S. Transportation Secretary Anthony Foxx on Monday, March, 2015 sent a six-year transportation bill to Congress, the "Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure…
Intermodal gains pace railroad traffic
A strong showing for intermodal offset a drop in carload volume on North American railroads for the week ending March 21, 2015, the Association of American Railroads reported.
AAR, API collaborate on CBR first-responder safety course
The Association of American Railroads (AAR) and American Petroleum Institute (API) have collaborated on a new crude-by-rail (CBR) introductory safety course for first responders. This course is available free of…
NS annual report reflects “outstanding year”
Norfolk Southern’s 2014 Annual Report, titled “Behind Every Train,” highlights “record-setting net income, revenues, operating income, earnings per share, and operating ratio.” “2014 was an outstanding year,” said CEO Wick…
Rail stocks slide following KCS outlook downgrade
Railroad stocks slid precipitously on Monday, March 23, 2015, pulling down the broader transport sector, after Kansas City Southern, citing the negative effects of lower oil prices and continued weakness…
Senate bill would mandate STB reforms
It is shipper-friendly legislation with which freight railroads probably can live. And while it’s not all the stuff so-called captive shippers would prefer—such as mandatory caps on rail rates and…
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