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Shippers sound off at NEARS meeting
Shippers are upbeat on the economy, feel rail pricing is definitely going higher, and vehemently oppose any Class I consolidation, according to responses to questions posed by Cowen and Company…
Intermodal traffic at record high
According to figures reported by the Association of American Railroads (AAR) for the week ending April 18, 2015, this is the second highest week on record for intermodal volume, up…
Ice, Squires among NARS headliners
Two Class I railroad presidents, BNSF’s Carl Ice and Norfolk Southern’s James Squires, will keynote the May 27 and May 28 sessions, respectively, of the North American Rail Shippers (NARS)…
Freight traffic stays relatively flat
According to figures reported by the Association of American Railroads for the week ending April 11, 2015, freight rail traffic remained relatively flat.
NS to Wall Street: Expect lower 1Q 2015 earnings
While stating that it “does not forecast earnings, and this announcement is not intended to change that policy,” Norfolk Southern said, in a press release issued immediately after the New…
First-quarter shipper survey notes “mild negative” for rail
The results of a rail shipper survey conducted by Cowen & Company in 2015’s first quarter indicate a “mild negative for the rail sector,” according to Managing Director and Railway…
Intermodal uptick once again offsets carload dip
According to the most recent figures from the Association of American Railroads (AAR), yet another increase in intermodal traffic helped offset carload traffic decreases especially in coal, metallic ores and…
Cold Train files $41 million lawsuit against BNSF
Steven Lawson, former President and CEO of Cold Train and Mike Lerner, former Managing Member have filed a $41 million lawsuit against Burlington Northern Santa Fe (BNSF) Railway in the…
USDOT makes $500 million available for next round of TIGER
The U.S. Department of Transportation (USDOT) is making $500 million available for the seventh round of the Transportation Investment Generating Economic Recovery (TIGER) competitive grant program.
Rail freight traffic relatively flat
Gains in intermodal helped offset a downturn in carload traffic during the month of March 2015, the week ended March 28 and the year’s first quarter, the Association of American…
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