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NS finishes 2016 on a strong note
Norfolk Southern on Jan. 25 reported fourth-quarter and full-year 2016 financial results reflecting better income and earnings and a record-low operating ratio, compared to 2015.
Shuster names T&I subcommittee chairs
Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) on Jan. 23 announced his selections for Full Committee Vice Chairman and the Committee’s six Subcommittee Chairmen for the 115th Congress:
AAR "ready to work with Trump"
The Association of American Railroads issued a statement on Donald J. Trump's inauguration day as President of the United States stating that the rail industry is prepared to work with…
BNSF plans $3.4B in 2017 capital spending
BNSF Railway Company (BNSF) on Jan. 19 announced its 2017 capital expenditure plan will be approximately $3.4 billion.
AAR: Total weekly U.S. traffic up 2%
The Association of American Railroads (AAR) on Jan. 18 reported for the week ending Jan. 14, 2017 total U.S. weekly rail traffic was 516,229 carloads and intermodal units, up 2%…
Cowen shipper survey: "Price increase expectations off the bottom"
Rail shippers “are more confident in the economy, and the new Trump Administration is providing a degree of both hopeful optimism and uncertainty,” according to Cowen and Company’s 4Q16 Rail…
CSX: 4Q revenue up, 2016 revenue down
On Jan. 17, CSX Corporation announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of…
Trackmobile LLC and Rail Safe partner for safety
Trackmobile and Rail Safe Training, Inc. announced on Jan. 16 a new safety partnership. Every new Trackmobile railcar mover sold will now come with complimentary rail safety training from Rail…
AAR replies to STB on proposed access regulation
The Association of American Railroads (AAR) on Jan. 13 responded to comments filed by a group of shippers to the Surface Transportation Board (STB) for new mandated reciprocal switching ("forced…
Cowen and Company: "Notable earnings improvement in '17"
Optimism was the main thread that ran across the presentations we saw at the Midwest Association of Rail Shippers (MARS) meeting in Chicago Jan. 11-12. Most people felt better about…
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