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CP earnings up for second quarter and first half
Canadian Pacific Railway announced Wednesday that it earned net income of C$103 million (roughly US$101 million) and diluted earnings per share of 60 Canadian cents, "inclusive of the negative impact of…
CN posts strong earnings, revises outlook upward
Canadian National earned net income of C$631 million in this year's second quarter, or C$1.44 per diluted share, up from C$538 million, or C$1.18 per diluted share, in the second quarter of…
Cold Train expands volume, reach, and fleet
Rail Logistics Tuesday said that due to "continued growth," the company's Cold Train service is expanding its Washington State-based refrigerated container fleet to 300 state-of-the-art 53-foot containers (built by Hyundai),…
OmniTRAX's Mike Ogborn to retire
Transportation management company OmniTRAX, Inc. said late Thursday that Managing Director and Executive Vice President Mike Ogborn will retire. No specific date was given.
Weekly traffic up throughout North America: AAR
Freight carload traffic volume and intermodal movements notched a North American trifecta in the week ending July 14, 2012, measured against the comparable week of 2011, the Association of American…
USPS ponders boosting mail by rail
Hit-or-miss efforts (mostly miss) by the U.S. Postal Service to move mail by railroad have characterized the mode's declining mail modal share for decades, but the USPS is once more…
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…
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