Class I

Kansas City Southern on Thursday, Aug. 8 announced, “in furtherance of its long-term succession planning,” that Michael R. Haverty will transition from his current position of Executive Chairman and employee…
Trick question: How many persons are needed to operate a freight train?
CSX Corp. announced Tuesday, Aug. 7, the purchase of the Eastern Associated Terminal in Tampa, Fla. from the Ingram Barge Company. The 22-acre phosphate export facility is adjacent to CSX…
As part of Railway Interchange 2013, slated for Sept. 29-Oct. 2 in Indianapolis, Norfolk Southern Chairman, President, and CEO Wick Moorman will address a combined AREMA/CMA Chairman's Luncheon on Tuesday,…
The goal of capital expenditures is to link investments to the quality of the transportation product, generating increased customer satisfaction. Perhaps no railroad does it better than Norfolk Southern.
The Surface Transportation Board announced Friday, Aug. 2, 2013, that it has determined that the rail industry’s after-tax cost of capital was 11.11%. Last
 year, the cost of capital was…
U.S. freight traffic sectors did better than Canadian and Mexican counterparts during the week ending July 27, 2013, the Association of American Railroads said Thursday, Aug. 1, as both freight…
Economic Planning Associates, in its quarterly freight car building forecast released Monday, July 29, expects this year’s numbers, which are lagging about 11% behind 2012’s, to improve significantly in 2014. “Based…
One of the largest and perhaps most famous steam locomotives ever built—Union Pacific’s articulated 4-8-8-4 “Big Boy” No. 4014—will be restored to operating condition by UP’s Cheyenne, Wyo.-based Heritage Fleet…
CSX and Sprint Cup Series driver David Ragan will take to the famed Brickyard to remind fans to “Play It Safe” around railroad tracks. CSX is the primary sponsor of…
U.S. freight carload volume fell 3% during the week ending July 20, 2013, measured agains the comparable week in 2012, the Association of American Railroads reported Thursday, July 25. Countering…
Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of…
Norfolk Southern Corp. said its second-quarter net income of $465 million in the second quarter was 11% lower than the $524 million notched in the second quarter of 2012.
Canadian National reported second-quarter earnings of C$717 million (US$694 million), or C$1.69 (US$1.64) per diluted share, up from net income in the comparable 2012 quarter of C$631 million, or C$1.44…
Figures released Monday, July 22, 2013, by the Surface Transportation Board show Class I railroads employed 164,499 people in mid-June, up 0.80% from June 2012, and up 220 people, or…
Kansas City Southern reported second-quarter earnings of $15.4 million, or 14 cents a share, Friday, July 19, 2013.
Union Pacific recorted second-quarter earnings of $2.37 per share, or $1.1 billion, up from $2.10 a share, or $1 billion, in the second quarter of 2012, the Omaha-based Class I…
Following two weeks of digression from a repeating pattern, U.S. freight traffic resumed its standard mix – freight carload traffic down, intermodal volume up – in the latest week ending…
Norfolk Southern has completed $22.6 million in track, bridge, and signal improvements along its 85-mile “Mon Line,” a major coal route through Pennsylvania’s Monongahela Valley.
CSX late Tuesday, July 16, 2013, reported second-quarter earnings of 52 cents per share, or $533 million, on revenue of $3.1 billion, up from earnings $512 million, or 49 cents…
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