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Basin Transload, BNSF to connect with Tesoro oil facility via new pipeline
Basin Transload LLC, a 60%-owned subsidiary of logistics and marketing company Global Partners LP that transloads crude oil to BNSF, has executed a pipeline connection agreement with Tesoro High Plains…
Class I employment registers modest monthly gain
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-March 2014 rose 0.40%, to 162,968, from the same period in February 2014, and registered…
For Norfolk Southern, a difficult first quarter
Coal volume and revenue that dropped 15% and 13%, respectively, in 2014’s first quarter were largely responsible for Norfolk Southern reporting lower net income and operating revenues and a slightly…
CN toughs out a challenging first quarter
“The winter of a lifetime,” as described by CN President and CEO Claude Mongeau, bumped up CN’s first-quarter 2014 operating expenses and ratio compared to the year-ago quarter, but despite…
For CP, a record first-quarter 2014
With net income of C$254 million or C$1.44 per diluted share, Canadian Pacific has posted “the best first quarter financial results in company history,” Chief Executive Officer E. Hunter Harrison…
For Union Pacific, a strong first quarter
Union Pacific on April 17, 2014 reported 2014 first quarter net income of $1.1 billion, or $2.38 per diluted share, compared to $957 million, or $2.03 per diluted share, in first-quarter…
WTS International touts 2014 Scholarship winners
WTS International, the association for the professional advancement of women in transportation, announced the selection of the winners of its seven scholarships for 2014 on Monday, April 14, 2014.
Mongeau continues assault on “intrusive re-regulation”
“Intrusive re-regulation of railways alone will not increase rail volumes of grain, now or in the future,” CN President and CEO Claude Mongeau said in an address to the Winnipeg…
Intermodal leads weekly traffic gains
The Association of American Railroads (AAR) on April 10, 2014 reported increased U.S. rail traffic for the week ending April 5, 2014 with 296,039 total U.S. carloads, up 5.4% compared…
AAR responds to service questions raised at STB hearing
Following an April 10, 2014 Surface Transportation Board hearing on railroad service issues, the Association of American Railroads issued a statement in response to questions that have been raised.
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