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Cargill loop track will tap CSX service
Cargill announced Friday that it is adding a loop track at its grain elevator in Tuscola, Ill., to gain access to CSX service and expand the market for local corn and soybeans…
CP reaches accord with electrical workers
The International Brotherhood of Electrical Workers (IBEW) System Council 11 and Canadian Pacific Thursday said the parties have reached a tentative five-year labor agreement covering approximately 450 employees who maintain…
U.S. freight traffic trends resume familiar mix
U.S. freight rail traffic resumed its 2012 norm during the week ending Nov. 10, 2012—gains intermodal, declines in carload freight—the Association of American Railroads said Thursday. The resumption of a…
KCS’s Haverty receives Syracuse University Salzberg Medallion
Syracuse University’s Whitman School of Management recently presented Kansas City Southern Executive Chairman Mike Haverty with the prestigious Harry E. Salzberg Memorial Program Medallion, which recognizes achievements in supply chain…
CP offers $1 million to hurricane relief fund
Canadian Pacific Wednesday said it will donate US$1 million to assist with Hurricane Sandy relief efforts.
United Steelworkers, CP strike five-year agreement
Canadian Pacific and the United Steelworkers (USW) Local 1976, which represents approximately 800 clerical and intermodal workers, have entered into a five-year agreement effective Jan. 1, 2013. The current contract…
Hurricane’s impact dampens U.S. freight traffic
Data released Nov. 8 by the Association of American Railroads (AAR) showed Hurricane Sandy disrupted U.S. intermodal volume's winning streak during the week ending Nov. 3, 2012. The hurricane also…
FRA reports new rail safety gains
The Federal Railroad Administration's preliminary safety report for the period January-August 2012 shows continued safety gains in key areas of freight railroading.
BNSF surge beefs up Berkshire earnings
Omaha, Neb.-based Berkshire Hathaway, Inc. continues to reap handsome returns from its purchase of BNSF Railway. Berkshire late Monday announced that total third-quarter revenue grew 22% year-over-year to $41.1 billion,…
BNSF's Lanigan to retire, railroad names three VPs
BNSF named Steve Bobb executive vice president and chief marketing officer, with responsibility for BNSF's sales, marketing, customer service, economic development and business unit activities. He succeeds John Lanigan, who…
U.S. traffic tanks, but intermodal remains up
October's final week was not a busy one for U.S. railroads. The Association of American Railroads report for the week ending October 27, 2012, shows U.S. railroads originating 287,104 carloads,…
BNSF names Columbus & Greenville Shortline of the Year
The Columbus and Greenville Railway (CAGY), was recently named Shortline of the Year at BNSF 's annual "Shortline Conference" held last month in Irving, Texas.
Northeast freight rail service returning to normal
Freight operations in the Northeast are slowly returning to normal along the destruction path left by Hurricane Sandy.
NS announces key management changes
Norfolk Southern announced Friday that Timothy J. Drake, vice president engineering, will retire Oct. 31 and will be succeeded by Michael J. Wheeler, formerly vice president transportation. Succeeding Wheeler will be Terry N.…
U.S. freight slump hits more commodity groups
For the week ending Oct. 20, 2012, a key difference in the continuing slump in U.S. freight carload traffic is the number of commodity groups affected, according to data released…
CP touts “turnaround” as 3Q earnings beat Street
Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in…
NS 3Q earnings just beat lowered Street expectations
Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter…
CSX marks National Gateway "midway point"
CSX Chairman, President, and Chief Executive Officer Michael J. Ward Tuesday joined federal, state, and local officials from Pennsylvania to mark the midway point of progress on the first phase…
QR National hires two North Americans
Australian railroad QR National Ltd. (QRN) has appointed two new senior executives to the company's management team, both with extensive experience in the North American railway industry.
CN notes 3Q results; sets stock repurchase plan
Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the…
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