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CSX CFO outlines railroad’s intermodal strategy
CSX Executive Vice President and Chief Financial Officer Fredrik Eliasson, in a presentation at the Baird Industrials Conference in Chicago, said that intermodal, “a key driver of growth,'’ now represents…
AAR: Freight traffic up in latest week, month
U.S. freight traffic continued gaining ground in the week ending Nov. 2, 2013, the Association of American Railroads reported Thursday, Nov. 7, capping significant and sustained gains registered during the…
September rail employment up over year ago
Figures released Wednesday, Nov. 6, 2013, by the Surface Transportation Board show Class I railroads employed 163,237 people in mid-September, up 1.23% from September 2012, but down 183 people, or…
"We are one industry"
Railway Age’s 20th annual conference on shared-use addressed the capacity needs of a growing industry.
MRL is BNSF Short Line of the Year
BNSF Railway has selected Montana Rail Link, Inc. (MRL) as its 2013 Short Line of the Year “for its significant growth and continued emphasis on a strong safety record.” In…
CSX’s Adkins wins AAR Environmental Excellence Award
The Association of American Railroads has awarded its highest honor for environmental professionals, the 2013 North American Environmental Employee Excellence Award, to CSX Manager of Environmental Remediation Matthew Adkins.
Railway Interchange 2013: Upbeat, and back for more
Healthy attendance and a record number of suppliers exhibiting at RI2013 established this biennial gathering as a can’t-miss event.
Google TV ad: Rail is choice #2 (that’s OK!)
Global belief in U.S. "exceptionalism" is being sorely tested these days on many fronts, whether we Americans acknowledge that or not. But most of the world still appears to accept…
CSX, Huntington Locomotive Shop unions reach agreement
CSX Transportation Inc. has signed what it’s describing as a “landmark agreement with four labor unions that sets new standards of quality and productivity” at the company’s Huntington (W.Va.) Locomotive…
Norfolk Southern dedicates yard in honor of H. Craig Lewis
Norfolk Southern has renamed its Dillerville Yard in Lancaster, Pa., in honor of former vice President Corporate Affairs and Pennsylvania State Senator H. Craig Lewis, who died unexpectedly on Jan.…
Good week for U.S. freight rail volume
Both U.S. freight carload traffic and intermodal volume both rose for the third straight week, and fourth week in the last five, during the week ending Oct. 26, 2013, the…
California clout heralds coal’s ultimate decline
Depending on your energy viewpoint, credit California—or blame it—for coal's very uncertain future as a primary energy source, or even the primary freight volume mainstay.
House T&I panel releases freight transportation report
In a rare display of bipartisan functionality on Capitol Hill, the House Transportation & Infrastructure Committee Panel on 21st Century Freight Transportation has released its final report on the current…
Keystone Gulf Coast pipeline nears service
Unbeknownst to many, the southern segment of the controversial Keystone XL pipeline, called the “Keystone Gulf Coast,” should soon be in operation, according to a report in Bloomberg Businessweek filed…
Ackman to sell partial stake in CP
Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.
U.S., North American traffic rises, AAR says
North America’s largest railroads saw gains in both freight carload traffic and intermodal volume during the week ending Oct. 19, 2013, the Association of American Railroads reported Thursday, Oct. 24.
NS sports solid 3Q earnings
Norfolk Southern Wednesday, Oct. 23, 2013 reported third-quarter net income of 482 million, up 20% from the $402 million reported in the third quarter of 2012. Diluted earnings per share were…
Record 3Q earnings for CP
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's…
CN 3Q earnings up on record revenue
CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per…
Amtrak’s Boardman: “In the final estimate, we are one industry”
Amtrak President and CEO Joe Boardman’s keynote address at Railway Age’s 20th Annual Passenger Trains on Freight Railroads Conference, October 15, 2013.
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