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Record 4Q earnings for Norfolk Southern
Norfolk Southern Corp. Wednesday, Jan. 22, 2014 reported record fourth-quarter net income of $513 million, or $1.64 per diluted share, up 24% from $413 million, or $1.30 per diluted share,…
Morningstar names CP’s Harrison 2013 CEO of the Year
Independent investment research provider Morningstar, Inc. has named Canadian Pacific chief executive E. Hunter Harrison as its 2013 CEO of the Year. Morningstar annually recognizes a chief executive “who exhibits…
U.S. freight traffic falls in 2014's second week
Both U.S. freight carload traffic and U.S. intermodal volume failed to gain ground during the week ending Jan. 11, 2014, measured against the comparable week in 2013, the Association of…
House T&I establishes 3P special panel
House Committee on Transportation and Infrastructure Chairman Bill Shuster (R-Pa.) and Ranking Member Nick J. Rahall, II (D-W.Va.) on Jan. 16, 2014 announced the establishment of yet another special panel.…
CSX releases 4Q, full-year results
CSX Corp. reported fourth-quarter earnings of $426 million, or 42 cents per share, down slightly from $449 million, or 44 cents per share, in the fourth quarter of 2012. That…
New Year starts right for U.S. freight traffic
For the first week of 2014 ending Jan. 4, 2014, both U.S. freight carload traffic and U.S. intermodal volume gained ground over the comparable week in 2013, the Association of…
UP: New Laredo-Memphis intermodal/automotive service
Union Pacific has initiated a new intermodal service between Laredo, Tex., and Memphis, Tenn., “supporting growing transportation needs for the automotive manufacturing and intermodal marketplaces.”
NS: $2.3 billion in industrial investment in 2013
Norfolk Southern, through participation in the location of 67 new industries and expansion of 25 existing industries along its rail lines in 2013, spurred customer investments of $2.3 billion, creation…
Kelley, O’Connor in new roles at Union Pacific
Union Pacific has appointed vice presidents D. Lynn Kelley and Joseph O’Connor to new positions within the organization, effective Feb. 1, 2014.
CN train carrying crude oil derails in Canada
Nineteen cars and one locomotive in a 122-car CN train carrying LPG in DOT 112 cars and crude oil in DOT 111 cars derailed and caught fire on Tuesday, Jan.…
CP to sell DM&E right-of-way to GWI
Canadian Pacific and Genesee & Wyoming, Inc., in a joint announcement Thursday, Jan. 2, 2014, said they had "executed an agreement pursuant to which CP will sell the west end…
2014: Railroads face problematic Washington landscape
Take it from an iron horse’s mouth that if it ain’t one damn thing, it’s another, and 2014 will present for railroads a repast of challenges on Capitol Hill, before…
Strong Christmas week for U.S. freight traffic
U.S. rail traffic for the week ending Dec. 28, 2013 advanced strongly, the Association of American Railroads reported Thursday, Jan. 2, 2014. U.S. freight carload traffic gained 8.1% when measured…
Collision on BNSF ignites oil train fire
A wreck involving two BNSF trains, one of which was carrying crude oil, sparked a huge fire and evacuations of nearby communities in North Dakota on Monday, Dec. 30, 2013.
U.S. freight traffic maintains December "mix"
U.S. freight rail traffic continued offering mixed results for December as evidenced by data for the week ending Dec. 21, 2013, the Association of American Railroads (AAR) reported Thursday.
CP Holiday Train raises record funds
Canadian Pacific on Christmas Day, 2013, said it has "officially wrapped up its journey across Canada and the United States raising record donations for North American food banks."
U.S. freight traffic stays mixed in December
U.S. freight carload volume declined, while intermodal gained ground, during the week ending Dec. 14, 2013, the Association of American Railroads said Thursday, Dec. 19, making it two weeks in…
STB backs BNSF on coal dust issue
The Surface Transportation Board Tuesday, Dec. 17, 2013 said BNSF Railway has performed due diligence in minimizing or mitigating the generation of coal dust during rail movements, turning aside complaints…
U.S. intermodal up, carloads down, in latest week
U.S. freight traffic for the week ending Dec. 7, 2013 returned to a pattern seen most often in the first three quarters of the year, but not much recently: gains…
BNSF: Ice rises; Rose blooms
The announcement of a leadership transition at BNSF Railway was not unexpected: Effective Jan. 1, 2014, Carl Ice, President since 2010, will add the title of Chief Executive Officer. Matt…
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