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Intermodal powers KCS to record quarter
With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million.…
GWI releases 2Q freight traffic report
Greenwich, Conn.-based Genesee & Wyoming, Inc. Monday released its freight traffic results for the second quarter, noting total freight carload traffic fell 6.9% compared with the second quarter of 2011.
AAR says weekly rail traffic is mixed
The Association of American Railroads (AAR) Thursday reported mixed weekly rail traffic for the week ending July 7, 2012, with U.S. railroads originating 243,156 carloads, down 1% compared with the…
Truckers forecast steady rise in intermodal
The American Trucking Associations' Freight Transport to 2023 forecast, released Monday, predicts that rail intermodal tonnage will rise 6.2% a year between 2012 and 2017, slowing to 5.4% annually through 2023.
U.S. freight carload volume sluggish again
U.S. intermodal volume continued its torrid 2012 pace for the week ending June 30, but U.S. freight carload traffic resumed falling short of 2011 volume, the Association of American Railroads…
UP's Koraleski sees "slow, continual growth"
Union Pacific President and CEO Jack Koraleski said Monday that he sees nothing "right now" to indicate the economy is softening, and added: "We see a slow, continual growth pattern."
UP marks "150 years of building America"
The Union Pacific Railroad on Sunday officially celebrated its 150th birthday. On Monday, UP President and CEO Jack Koraleski visited the New York Stock Exchange with 11 other UP employees to ring…
Hunter Harrison named CP President, CEO
Canadian Pacific Friday officially made its long-anticipated move of appointing E. Hunter Harrison president and chief executive officer, completing a significant revision of CP leadership through its revamped board of…
North American carload freight volume rallies
Freight carload volume gained ground in Canada, Mexico, and the U.S. during the week ending June 23, 2012, measured against the comparable week a year ago, the Association of American…
Port of Stockton hails track connection
California's Port of Stockton on Monday said it was "pleased to announce the completion of 3,347 feet of new track on the Port's West Complex ." The port implemented the…
Lines on a map do not a merger make
While the railroad world waits for the Canadian Pacific Railway board of directors to name a permanent chief executive to succeed acting CEO Steve Tobias, some railfans are whiling away…
North American intermodal counters carload slump
Canadian, Mexican, and U.S. intermodal volume increased for the week ending June 16, 2012, measured against the comparable week in 2011, even as freight carload volume fell in each nation,…
U.S. freight carloads down (again); intermodal gains
U.S. freight carload volume for the week ending June 9, 2012, once again failed to match the comparable week in 2011, down 1.7%, the Association of American Railroads reported Thursday.…
Schneider National, CSX announce pact
Schneider National, Inc. said Monday it has reached an agreement with CSX Transportation to broaden its services in northwestern Ohio. The agreement expands Schneider's intermodal service to now include two…
U.S. freight traffic back to “mixed” results
Resuming a pattern repeated through much of 2012, U.S. freight carload volume for the week ending June 2, 2012, fell short of the comparable week in 2011, down 3.1%, after…
Senator proposes DOT "freight initiative"
U.S. Sen. Maria Cantwell (D-Wash.) on Thursday asked Transportation Secretary Ray LaHood to launch a "high-level and coordinated multimodal freight initiative at the U.S. Department of Transportation to improve the management of…
U.S. freight carload traffic, intermodal both gain
In a welcome departure from past weeks, U.S. freight carload traffic for the week ending May 26, 2012 notched an increase, up 1.3% measured against the comparable week in 2011,…
AAR: Carload traffic slumps; intermodal still stars
U.S. freight carload traffic for the week ending May 19, 2012 was down 5.0% measured against the comparable week in 2011, the Association of American Railroads said Thursday, continuing a…
U.S. carload traffic still down; intermodal still up
The trends, both good and bad, continue for U.S. freight traffic ending the week of May 12, 2012, the Association of American Railroads reported Thursday. U.S. freight carload traffic fell…
Moorman “optimistic” on traffic prospects
Norfolk Southern CEO Wick Moorman told stockholders at the company's 30th annual meeting in Williamsburg, Va., Thursday that he is “confident, optimistic, and enthusiastic about our future business prospects.”
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