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UP’s Fritz ascends to Chairman and CEO
Union Pacific’s board of directors elected President and Chief Operating Officer Lance Fritz Chairman, President and Chief Executive Officer, effective Oct. 1, 2015. He succeeds John Koraleski as Chairman. Koraleski…
Is Bakken CBR fading away?
Bakken crude oil hauled in unit trains may disappear by 2017, according to an analysis conducted by RBN Energy LLC.
NS absorbs second-quarter hit
“Short-term pressure,” in the words of President and CEO Jim Squires, contributed to Norfolk Southern on July 27, 2015 posting second-quarter 2015 financials with significant declines in net income, operating revenues…
CSX doubles up for Brickyard 400
The Sunday, July 26, 2015 Brickyard 400 NASCAR Sprint Cup Series race at Indianapolis Motor Speedway will have not one, but two CSX-primary-sponsored Front Row Motorsports Ford Fusions running: The…
UP posts flat second-quarter earnings
Net income of $1.2 billion, compared with 2014 net income of $1.3 billion, combined with an operating revenue decrease of 10% and an operating income down 11%, resulted in a…
Eliasson to STB: Railroads are healthy; let’s keep them that way
Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in…
AAR to STB: Rail revenue caps a terrible idea
Testifying at a July 22, 2015 Surface Transportation Board hearing on railroad revenue adequacy, the Association of American Railroads, executives from its member railroads and economic experts urged federal regulators…
CP posts record quarterly OR and net income
Canadian Pacific Railway on July 21, 2015 posted its highest-ever net income and lowest-ever operating ratio for a second quarter.
CN: Industry-low operating ratio paces a solid second quarter
Net income of C$866 million, compared with net income of C$847 million in second-quarter 2014, combined with an operating income increase of 8% and a record-low quarterly operating ratio of…
For KCS, a tough second quarter
A revenue decline in all but one commodity group, including a precipitous drop in energy revenue, resulted in a difficult second-quarter 2105 for Kansas City Southern, the railroad reported on…
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