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NCCC, BMWE line up in accord
The nation's freight railroads say they have reached a tentative agreement with the last of 13 labor unions, the Brotherhood of Maintenance of Way Employees.
Rail accidents and fatalities decline
A new report by the Federal Railroad Administration's Office of Safety Analysis shows that in the first 11 months of 2011, U. S. railroad accidents and incidents declined 5.7% from…
U.S. weekly freight traffic called “mixed”
U.S. freight carload traffic for the week ending Jan. 28, 2012 was down 2.8% compared with the fourth week of 2011, the Association of American Railroads said Thursday. By contrast,…
CP increases crude oil shipments
Canadian Pacific announced it is now shipping crude oil by rail from a new transload facility near Lloydminster, Sask. CP said the facility is a facility is a key enhancement…
IANA: Intermodal growth continues
Intermodal container volume set a new record in 2011 with 12.4 million moves, beating former record-year 2007 by 3.7%, the Intermodal Associaton of North America (IANA) said Thursday.
PTC revamp, big trucks in SAFETEA-LU successor
The House Transportation and Infrastructure Committee Wednesday introduced a five-year surface transportation funding bill, a successor to the now-expired SAFETEA-LU, that would extend Congress’ mandated deadline for Positive Train Control…
BNSF sets $3.9 billion capex for 2012
BNSF Railway Co. on Wednesday announced a planned 2012 capital commitment program of approximately $3.9 billion, up $400 million, or about 11.4%, from its 2011 capital spend of $3.5 billion.
AAR: Big truck threat looms again
Legislation designed to fix the nation’s crumbling transportation infrastructure will actually accelerate road and bridge damage and trigger an increase in taxpayer subsidies to the trucking industry, the Association of…
Class I’s to boost investment, hiring
The Association of American Railroads says the nation’s major freight railroads are projected to invest a record $13 billion in capital expenditures in 2012 to expand, upgrade, and enhance the…
CSX, NASCAR’s Regan Smith “Play it Safe”
CSX Transportation has partnered with Furniture Row Racing and the No. 78 Chevrolet Impala driven by Regan Smith in NASCAR’s top-tier Sprint Cup Series as an associate sponsor for the…
CP posts higher revenue, lower net income
Canadian Pacific Railway Thursday reported fourth-quarter net income of C$221 million and diluted earnings per share of C$1.30, including 22 Canadian cents per share income tax benefit. For the full…
U.S. rail traffic rises again, AAR says
U.S. freight carload traffic in early 2012 rose again, up 1.6% for the week ending Jan. 21, the Association of American Railroads reported Thursday. U.S. intermodal volume moved up even…
Norfolk Southern increases capital spending
Norfolk Southern has announced a $2.4 billion capital improvement program for 2012, 12% higher than 2011 spending.
UP posts record low employee injury rate
Union Pacific Railroad employees achieved a record low 1.15 reportable injury rate in 2011, the best performance on record in the company's 150-year history, according to a UP announcement Tuesday.
Video Interview: 2012 Railroader of the Year
Kansas City Southern President and Chief Executive Officer David L. Starling, Railway Age's 2012 Railroader of the Year, talks about his career path, his international experience, and KCS's recent achievements…
NS earnings, revenue records topple
Norfolk Southern late Tuesday reported a series of significant records for 2011: Railway operating revenues reached $11.2 billion, up 17%; income from railway operations climbed 20% to $3.2 billion; net…
CN quarterly earnings beat Street
Canadian National Tuesday reported net earnings of C$592 million, or C$1.32 per share, up 18% from C$503 million or C$1.08 per share in the same quarter a year ago. Adjusted…
CSX 4Q, full year set records; Street shrugs
CSX Corp. said late Monday fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of…
CSX names Munoz COO, Eliasson CFO
CSX Corp. Monday said it had appointed Oscar Munoz as executive vice president and chief operating officer and appointed Fredrik J. Eliasson as executive vice president and chief financial officer,…
KCS notches records for 4Q, full year
Kansas City Southern late Monday said it had notched record fourth-quarter revenue of $530 million, up 11% from the comparable quarter in 2010, while generating operating income of $150 million,…
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