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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…
KCS names Hancock EVP and Chief Marketing Officer
Kansas City Southern has named Brian D. Hancock, a veteran supply chain executive with experience in home appliances, trucking, fast food and discount consumer products, as Executive Vice President and…
CSX sets second-quarter financial record
With quarterly operating income of more than $1 billion, an operating ratio of 66.8%, and net earnings of $553 million, CSX posted record financial results for the second quarter of…
AARS offers scholarship for railway management course
The American Association of Railroad Superintendents (AARS) has announced a call for applications for the Michigan State University Railway Management Certificate Course Scholarship sponsored by Progress Rail Services.
Gearing up for winter
Tools and techniques both new and old help railroads cope with weather extremes.
CN introduces new grain products for 2015-16 crop year
In preparing for the upcoming harvest and continuing to look for ways to innovate and develop new approaches to doing business, Canadian National Railway Company (CN) has introduced a new…
Tobias steps down from CP board
Stephen C. Tobias resigned from the Board of Directors of Canadian Pacific Railway Limited and Canadian Pacific Railway Company for personal reasons on June 30, 2015, the company announced.
Parsons hires new VP, transportation program director
Parsons has hired David Nichols, former Director of the Missouri Department of Transportation (MoDOT), as Vice President, Transportation Program Director, the company announced on July1, 2015. He will serve as…
CAGTC applauds Senate support of multimodal goods movement
U.S. Senators Maria Cantwell (D-Wash.), Cory Booker (N-N.J.), Patty Murray (D-Wash.) and Ed Markey (D-Mass.) introduced on June 25, 2015, a proposal creating a national multimodal freight policy and investment…
CARS appoints new directors and officers
The Canadian Association of Railway Suppliers (CARS) has announced the election of Paul Brum, Gord Strilchuk and Scott Diercks to its Board of Directors.
Parsons Brinckerhoff appoints senior principal technical specialist
Parsons Brinckerhoff has appointed Philip Stephens as a senior principal technical specialist in the Chicago office, the company announced June 25, 2015.
RailWorks executive Brace retires
Scott Brace, who has served as president of RailWorks Track Systems, Inc., for the past five years, has retired.
Industry leaders converge at Rail Insights conference
Railway Age was in Chicago June 17-18 at the Millennium Knickerbocker Hotel for its first-annual Rail Insights conference, structured as a series of conversations with industry leaders who, with Railway…
AAR, Hyundai recognize CSX for exceptional motor vehicle service
The Association of American Railroads has recognized CSX and its wholly owned subsidiary Total Service Distribution, Inc. (TDSI) with an industry award for the highest-quality automotive ramp service performance in…
AAR: Intermodal sets weekly record
The current trend in 2015 U.S. rail freight traffic—intermodal registering gains over prior-year numbers, carload traffic falling—continued for the week ending June 13, 2015, the Association of American Railroads reported.…
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