KANSAS CITY. Mo. — Kansas City Southern, which reported fourth-quarter and full-year earnings growth today, expects revenue to grow at least 11% this year as cross-border petroleum and intermodal traffic continue to soar. “We feel very good about 2021 and beyond,” CEO Pat Ottensmeyer told investors and analysts on the railroad’s earnings call on Friday […]
KANSAS CITY, Mo. — The coronavirus pandemic has hit Kansas City Southern de Mexico particularly hard, with up to 15% of the railroad’s train crews out on leave due to COVID-19. On a typical day, about 5% of train crews systemwide mark off due to coronavirus on both sides of the border, KCS executives said […]
JACKSONVILLE, Fla. — CSX Transportation’s service deteriorated in the fourth quarter as pandemic infections and quarantines affected train, engine, and yard crews across the system. At the hardest hit terminals, up to 40% of employees were unable to come to work due to infections or quarantines, executives said on the railroad’s earnings call on Thursday. […]
JACKSONVILLE, Fla. – CSX Transportation expects intermodal and merchandise volume to grow faster than the economy this year as the railroad continues to win share from the highway. “We expect to return to growth in 2021,” CEO Jim Foote told investors and analysts on the railroad’s quarterly earnings call Thursday. Merchandise traffic growth should outpace […]
OMAHA, Neb. — Union Pacific expects volume to increase by 4% to 6% this year as vaccines are rolled out, the economy recovers, and trucking capacity remains tight. Railroad executives gave their cautiously optimistic outlook Thursday morning during the company’s fourth-quarter earnings call. Other than energy-related traffic segments, UP has a positive view on volume. […]
Thursday midday rail news: KCS, development firm to develop Wylie, Texas, logistics park Kansas City Southern and NorthPoint Development have announced plans to develop a 220-acre logistics park in Wylie, Texas, adjacent to the railroads’ David L. Starling Wylie Intermodal Terminal. The Wylie Logistics Park, in a northeastern suburb of Dallas, will have the potential […]
You got it. Railroads covered most of the country with branches, and sidings and house tracks, where one and two car loads of freight could be loaded or unloaded. The local brought coal for the school boilers, fuel for the local distributor, and carried away raw materials that fed industry, and hauled off […]
You got it. Railroads covered most of the country with branches, and sidings and house tracks, where one and two car loads of freight could be loaded or unloaded. The local brought coal for the school boilers, fuel for the local distributor, and carried away raw materials that fed industry, and hauled off […]
Yes it is, Brian. In fact, intermodal passed coal in 2013 as railroads’ biggest revenue source. In 2014, U.S. railroads tacked more than a half million intermodal loads onto their 2013 totals, notching a record 13.5 million shipments. Intermodal is likely to become even more significant in coming years as the industry spends […]
Yes it is, Brian. In fact, intermodal passed coal in 2013 as railroads’ biggest revenue source. In 2014, U.S. railroads tacked more than a half million intermodal loads onto their 2013 totals, notching a record 13.5 million shipments. Intermodal is likely to become even more significant in coming years as the industry spends […]
Sure thing, Angela. Since the Baltimore & Ohio began hauling flour from Ellicott’s Mills to Baltimore in 1830 — grain, flour, and seeds have been an important part of railroading. Grain moved in boxcars for decades, but in the early 1960s, Southern Railway’s new, 100-ton — Big John — covered hopper revolutionized grain […]
Sure thing, Angela. Since the Baltimore & Ohio began hauling flour from Ellicott’s Mills to Baltimore in 1830 — grain, flour, and seeds have been an important part of railroading. Grain moved in boxcars for decades, but in the early 1960s, Southern Railway’s new, 100-ton — Big John — covered hopper revolutionized grain […]
