Management

American Railcar Industries, Inc. (ARI) reported in the second quarter 2016, decreased revenues in the manufacturing segment were partially offset by increased revenues in the railcar leasing and railcar services…
To celebrate its acquisition, Reading & Northern Railroad (R&N) welcomed over sixty guests on a passenger train trip through the Humboldt Industrial Park on Tuesday, July 26, 2016.
The Surface Transportation Board On July 27, 2016 proposed new regulations “to improve the availability of reciprocal switching,” an action the railroads have been anticipating for more than a year.…
Like most of its peers, Norfolk Southern’s second-quarter 2016 volume, revenues and income were down compared to the same period last year, but the railroad managed lower its operating ratio…
Metropolitan Transportation Authority (MTA) New York City Transit (NYCT) is opting for a full 18-month shutdown of the Canarsie Tunnel, versus a three-year partial shutdown, to rebuild the tunnel, which…
In the midst of what CN President and CEO Luc Jobin called “a very challenging volume environment” that saw second-quarter declines in revenues and operating income, the railroad posted an…
Revenue declines in six traffic groups were a key contributing factor in Union Pacific’s second-quarter financials, for which the railroad reported diluted earnings per share of $1.17, a 15% decline…
The U.S. Department of Transportation (USDOT) announced the establishment of the Build America Bureau, "which will drive transportation infrastructure development projects in the United States by streamlining credit and grant…
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending Jul. 16, 2016:
First Transit announced on July 20th that it signed its first rail contract in North America to provide operations and maintenance services for the Denton County Transportation Authority’s (DCTA) A-train…
The second quarter of 2016 was not kind to Canadian Pacific, though in line with CP’s quarterly outlook, released in June.
E. Hunter Harrison came out of retirement in 2012 to lead Canadian Pacific out of the Class I basement, where it had languished for several years. The following year, his…
A terminal serving the crude oil industry is offering help for drought-stricken California.
Kansas City Southern (KCS) reported second quarter results on July 19. Revenues were $569 million, a decrease of 3% from second quarter 2015. Overall, carload volumes were unchanged compared to…
Minnesota Gov. Mark Dayton issued an executive order, establishing the Governor’s Council on Freight Rail, which will bring together state officials and railroads in a public-private working group to improve…
The Federal Railroad Administration, at a July 15, 2016 hearing regarding the agency’s proposed rule mandating two-person crews, heard two sharply contrasting arguments, one from freight rail management, the other…
BNSF Railway and Southwestern Railroad (SWRR) reached an agreement which calls for BNSF to take over service of the rail line between Clovis and Carlsbad, N.Mex. effective Jan. 17, 2017.
Can exports revive North America’s crude-by-rail and coal?
Shippers expect a 2.9% price increase from the railroads over the next 6-12 months, according Cowen and Company’s Second-Quarter 2016 Rail Shipper Survey (downloadable from the link below).
CSX on July 13th announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of…
6
Page 6 of 89