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Fiery crude oil train wreck in North Dakota
A BNSF crude oil unit train derailed near the small North Dakota town of Heimdal, at 7:30 a.m. CDT on May 6, 2015, resulting in explosions and fire.
USEIA: CBR tops 50% of supply to East Coast refineries
The U.S. Energy Information Administration (EIA) has determined that there has been a “huge increase” in rail deliveries of crude oil to East Coast refineries.
CSX announces Chemical Safety Excellence Awards
CSX on May 4, 2015 announced the winners of its 21st annual Chemical Safety Excellence Award, recognizing 70 customers for their commitment to the safe transportation of hazardous materials by…
CP names new Executive VP and CFO
Canadian Pacific has appointed Mark Erceg as Executive Vice President and Chief Financial Officer, effective May 18, 2015. He will replace outgoing CFO Bart Demosky, who will be departing from…
Intermodal gain offsets carload drop
Compared to the prior-year week, carloads for the week ending April 25, 2015 on U.S. Class I railroads dropped 7.9%, but intermodal saw yet another gain, rising 5.6%, netting a…
Carolina Worrell joins Railway Age as Managing Editor
Carolina Worrell has joined Railway Age as Managing Editor, based at Simmons-Boardman Publishing Corp.’s headquarters in New York City.
Weak coal market impacts NS first-quarter financials
A 16% dip in coal revenue was the main factor contributing to a 16% drop in net income and a 17% drop in diluted earnings per share for Norfolk Southern Corp.in first-quarter…
ASLRRA creates two new positions
To help build its reputation on a broader stage and deliver significant value to its member organizations and the customers they serve via new education and business services, the American…
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…
Volume decline affects UP earnings; capex plan reduced
Core pricing gains helped Union Pacific achieve 9% earnings per share growth in the first quarter of 2015, but EPS would have been stronger had a sharp drop in volume…
Maestri and Martínez assume new responsibilities at NS; Wimbush retires
As part of Norfolk Southern’s ongoing program of executive development and in support of its efforts to reduce its environmental footprint and expand its market opportunities, Bruno Maestri and Robert…
KCS reports flat first quarter
A 1% decrease in overall revenue combined with a 1% increase in carload volume compared to the prior-year period produced relatively flat first-quarter 2015 financial results for Kansas City Southern’s…
CP reports record operating ratio, earnings
Building upon the momentum established when E. Hunter Harrison, Railway Age’s2015 Railroader of the Year, was appointed CEO, Canadian Pacific Railway posted the lowest first-quarter operating ratio in the company’s…
FRA, PHMSA pile on the paperwork
The Federal Railroad Administration (FRA) and Pipeline and Hazardous Materials Safety Administration (PHMSA) on April 17, 2015 issued what they describe as “a package of targeted actions that will address…
CN posts a strong first quarter
Taking full advantage of strong demand for its services and benefitting from a milder winter than last year’s deep freeze, CN posted strong first-quarter 2015 financials.
CN locomotive engineers ratify new labor agreement
Canadian National Railroad Company (CN) locomotive engineers, represented by the Teamsters Canada Rail Conference (TCRC) union, have established a new collective agreement with the company, CN announced on April 16,…
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.
Toyota Logistics Services likes going places with UP
Toyota, whose advertising slogan is “Let’s Go Places,” is able to depend upon the railroads for the places its motor vehicles need to go. In recognition, Toyota Logistics Services has…
CSX: Double-digit net earnings and EPS growth in 1Q15
CSX posted first-quarter 2015 net earnings of $442 million, an 11% increase from $398 million in the same period last year, and generated earnings per share of $0.45, a 13%…
2014 safest year on record
The most recent safety statistics released by the Federal Railroad Administration (FRA) in April show that 2014 was the safest year on record for train operations in the United States,…
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