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NS aids CBR safety training effort
Norfolk Southern Corp. said Thursday, Aug. 7, 2014 it recently sponsored a crude-by-rail (CBR) emergency response class at the Association of American Railroads' Security and Emergency Response Training Center (SERTC)…
Good 2Q for BNSF
BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013.
Railroad Ten-Year Trends available from the AAR
Now available from the Association of American Railroads is the latest edition of Railroad Ten-Year Trends, which contains a variety of railroad-related data for the years 2003-2012. More than 60…
STB sets 2013 railroad cost of capital at 11.32%
The Surface Transportation Board on July 31, 2014 issued its decision calculating the railroad industry’s after-tax cost of capital for 2013 as 11.32%, a slight increase over 2012’s 11.12%. The…
Rail freight traffic continues to grow
The Association of American Railroads reported continued growth in U.S. rail traffic for the week ending July 26, 2014, with 306,988 total carloads, up 4.3% compared with the same week…
What history can tell us about things to come
In February 1882, Joseph Osgood allowed shortsightedness to steer him wrong. As newly-appointed chief engineer for the California Southern Railroad (which would later become part of the Santa Fe Railway),…
KCSR reorganizes operating department
Kansas City Southern has made organizational changes within the operations department of its U.S. subsidiary, The Kansas City Southern Railway Company (KCSR).
CN, CP: Bring on the harvest
Canada’s 2014-2015 grain harvest will soon be under way, and both CN and Canadian Pacific say they are well-prepared to accommodate the new harvest with a steady throughput rate in…
When you get a good deal, take it
Arbitrator Robert O. Harris told the United Transportation Union (UTU) and railroads in 1991, then unable to agree at the bargaining table, “Welcome to the oldest established craps game in…
EPA railcar overview: Short-term deliveries rising, with a “formidable” backlog
Economic Planning Associates has once again raised its estimate for 2104-2015 freight car deliveries, based on “a strong first-half 2014” and “a formidable backlog” approaching 100,000 units.
U.S. freight traffic gains again in latest week
U.S. freight rail traffic for the week ending July 19, 2014 advanced yet again, the Association of American Railroads reported Thursday, July 24, with Canadian rail traffic and Mexican carload…
UP 2Q results beat the Street
Union Pacific said Thursday, July 24, 2014 its second-quarter net earnings rose 17%, to $1.29 billion, or $1.43 per share, measured against $1.11 billion, or $1.18 per share, in the…
DOT issues open-ended NPRM on CBR, other flammable fuels
The U.S. Department of Transportation on Wednesday, July 23, 2014, issued a long-anticipated Notice of Proposed Rulemaking (NPRM) involving a new, stricter set of rules for crude-by-rail (CBR) train movements…
Norfolk Southern notches record second quarter
Norfolk Southern Corp. early Wednesday, July 23, 2014 reported "record net income" of $462 million, or diluted earnings per share of $1.79, in the second quarter. Those marks were 21%…
Thompson to SMART reps: “You have hit a grand slam”
In a July 20, 2014 letter to SMART-Transportation Division International Representative John W. Babler and General Chairperson Randall S. Knutson, former United Transportation Union International President Paul C. Thompson expresses…
CN 2Q earnings show strength
Rebounding from a first quarter hampered by what its CEO called the "winter of a lifetime," CN late Monday, July 21, 2014 reported second-quarter net income of C$847 million (US$789…
Class I employment rises in June
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-June 2014 rose 1.02%, to 166,139, from June 2013, and also gained modestly previous month,…
Wildfires damage Northwest rail lines
A series of wildfires in central and eastern Washington state, some blazing for nearly a week, have devastated entire communities and left several sections of railway damaged.
CAGTC endorses Build America Investment Initiative
The Coalition for America’s Gateways and Trade Corridors (CAGTC), a freight transportation advocacy group, has endorsed the Obama Administration’s Build America Investment Initiative, which consists of plans to move infrastructure…
KCS reports strong 2Q results
Kansas City Southern early Friday, July 18, 2014, reported higher second-quarter net income and revenue, which it said was powered by strong agriculture and automotive shipments.
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