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STB proposes “forced access” regulations
The Surface Transportation Board On July 27, 2016 proposed new regulations “to improve the availability of reciprocal switching,” an action the railroads have been anticipating for more than a year.…
AAR: Total weekly rail traffic down 5.3%
For the week ending July 23, 2016, total U.S. weekly rail traffic was 528,070 carloads and intermodal units, down 5.3% compared with the same week last year, according the Association…
For NS, a record-low operating ratio
Like most of its peers, Norfolk Southern’s second-quarter 2016 volume, revenues and income were down compared to the same period last year, but the railroad managed lower its operating ratio…
CN operating ratio: 54.5%
In the midst of what CN President and CEO Luc Jobin called “a very challenging volume environment” that saw second-quarter declines in revenues and operating income, the railroad posted an…
For UP, a challenging second quarter
Revenue declines in six traffic groups were a key contributing factor in Union Pacific’s second-quarter financials, for which the railroad reported diluted earnings per share of $1.17, a 15% decline…
USDOT constructs Build America Bureau
The U.S. Department of Transportation (USDOT) announced the establishment of the Build America Bureau, "which will drive transportation infrastructure development projects in the United States by streamlining credit and grant…
AAR: Total weekly rail traffic down 5.6%
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending Jul. 16, 2016:
For CP, a tough second quarter
The second quarter of 2016 was not kind to Canadian Pacific, though in line with CP’s quarterly outlook, released in June.
Hunter Harrison readies for a transition
E. Hunter Harrison came out of retirement in 2012 to lead Canadian Pacific out of the Class I basement, where it had languished for several years. The following year, his…
Water by rail ready to roll
A terminal serving the crude oil industry is offering help for drought-stricken California.
KC Southern announces earnings: uptick in volume trend into 2Q
Kansas City Southern (KCS) reported second quarter results on July 19. Revenues were $569 million, a decrease of 3% from second quarter 2015. Overall, carload volumes were unchanged compared to…
Minnesota establishes council on freight rail
Minnesota Gov. Mark Dayton issued an executive order, establishing the Governor’s Council on Freight Rail, which will bring together state officials and railroads in a public-private working group to improve…
BNSF and SWRR reach agreement for Clovis-Carlsbad line
BNSF Railway and Southwestern Railroad (SWRR) reached an agreement which calls for BNSF to take over service of the rail line between Clovis and Carlsbad, N.Mex. effective Jan. 17, 2017.
Moving energy beyond borders
Can exports revive North America’s crude-by-rail and coal?
NTSB releases preliminary report on BNSF Panhandle collision
One of the trains involved in the June 28 head-on collision between two BNSF intermodal trains outside of Panhandle, Texas passed a red signal before the accident.
Cowen shipper survey: Price increases expected
Shippers expect a 2.9% price increase from the railroads over the next 6-12 months, according Cowen and Company’s Second-Quarter 2016 Rail Shipper Survey (downloadable from the link below).
US DOT reports second consecutive month uptick in freight
The U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS) released numbers on July 13 showing the Freight Transportation Services Index (TSI), which is based on the amount of freight…
CSX releases coal-impacted second quarter earnings
CSX on July 13th announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of…
AAR: weekly rail traffic's summer slump
The Association of American Railroads (AAR) reported on July 13th U.S. rail traffic for the week ending July 9, 2016. For this week, total U.S. weekly rail traffic was 442,113…
LRIW now accepting nominations for 2016 Member of the Year
The League of Railway Industry Women (LRIW) on July 12 opened nominations for its "Outstanding Member of the Year" award.
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