Class I

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.
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.
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…
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 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 President and CEO Joe Boardman’s keynote address at Railway Age’s 20th Annual Passenger Trains on Freight Railroads Conference, October 15, 2013.
Thirteen cars on a CN train moving oil and propane through Alberta have derailed, with one car exploding and others nearby catching fire last Saturday, with a "controlled burn" still…
Kansas City Southern Friday, Oct. 18, 2013 reported third-quarter net income of $119 million, or $1.07 per diluted share, up from $91 million, or 82 cents per diluted share, in…
Both U.S. freight carload traffic and U.S. intermodal volume gained ground during the week ending Oct. 12, 2013, measured against the comparable week in 2012, the Association of American Railroads…
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter…
CSX Corp. Tuesday, Oct. 15, 2013 reported third-quarter net earnings of $463 million, or 46 cents per share, up from $455 million, or 44 cents per share, in the third quarter of…
U.S. intermodal volume continued its winning ways in the week ending Oct. 5, 2013, while U.S. freight carload volume, improving in recent weeks, slipped, the Association of American Railroads said…
The lead locomotive of a BNSF freight consist was struck at least 15 times by gunfire from an automobile pacing the train last month in central Washington state, roughly midway…
CN President and CEO Claude Mongeau said Monday, Oct. 7, 2013, current forecasts call for western Canada crop production to be one of the largest harvests in history, and he…
Both U.S. freight carload traffic and U.S. intermodal volume for the week ending Sept. 28, 2013 surpassed levels notched in the comparable week of 2012, the Association of American Railroads reported…
CN has earned a position of leadership for the quality of climate change data it has submitted to the global marketplace through CDP (Carbon Disclosure Project), described as “the world’s…
Heavy-haul freight trains require fully charged brakes. When operating a train on a downgrade, brake usage levels on individual cars climb, equipment heats up, and braking power levels can drop…
CN said on Tuesday, October 1, 2013, that the commuter rail infrastructure projects it undertook for GO Transit in the Greater Toronto Area (GTA) were “rigorously reviewed” and that it…
By David Lehlbach, Oliver Wyman, for Railway Age Weighing the pros and cons of transitioning from diesel.
Railroads and locomotive builders are prepared to meet the EPA's tough Tier 4 emissions standards. Meanwhile, LNG has taken center stage as a potential replacement for diesel fuel.
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