Kansas City Southern (KCS) posted record revenues, adjusted operating income and adjusted earnings per share in 2018, but fell short of its own expectations for financial and operation performance, the company reported on Jan. 18. As well. It plans to increase capital investment in 2019 substantially, compared to 2018.
When a manufacturing or distribution company selects a new location for a facility, which factors are most important? Should the manufacturer listen to the recommendations of HR representatives and utility consultants or the construction controllers and local economic development officials? Opinions are infinite, but meaningful insights can be few and far between.
The Association of American Railroads (AAR), in reporting U.S. rail traffic for the week ending Jan. 12, 2019, noted that carloads and intermodal volume both experienced healthy increases. As well, there were gains in all carload commodity groups.
Canadian Pacific President and CEO Keith Creel has lashed out at the Canadian Transportation Agency’s (CTA) investigation of possible freight rail service problems at the Port of Vancouver, calling the agency’s probe “far-reaching” and “irresponsible.”
RAILWAY AGE JANUARY 2019 ISSUE: The 56th annual recipient of Railway Age’s Railroader of The Year award is CN President and Chief Executive Jean-Jacques “JJ” Ruest, leader of one of North America’s best-performing Class I railroads. From applied chemistry to railroading, CN’s chief executive has always put the customer first.
CN President and CEO Jean-Jacques “JJ” Ruest , Railway Age’s 56th Railroader of the Year, leads one of North America’s best-performing Class I railroads. In this wide-ranging interview with Railway Age Editor-in-Chief William C. Vantuono, Ruest reflects on his distinguished career, and provides his vision of CN’s future.
An improved inspection process coupled with an innovative design change is driving down crane maintenance costs for one intermodal operator. Content courtesy The Timken Company; based on a recent collaboration with one of the nation’s largest rail carriers.
The U.S. Class I railroads started the New Year in impressive fashion, as freight and intermodal traffic notched solid gains for the week ending January 5.
The Greenbrier Cos. saw earnings decline on weaker revenue after lower deliveries of new railcars in the first quarter of fiscal 2019.
The Port of New York and New Jersey opened a major new expansion of its rail network, capping a five-year plan to expand capacity for cargo destined for outside the region.