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Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending Oct. 26. For this week, total U.S. weekly rail traffic was 513,147 carloads and intermodal units, down 8.8% compared with the same week last year. Total carloads for the week ending Oct. 26 were 243,321 […]
ALBERTVILLE, Ala. – Progress Rail, a Caterpillar company, has signed an agreement to acquire Vossloh North America’s (ETR: VOS) Cleveland Track Material (CTM) business. The proposed acquisition aligns with Progress Rail’s goal of profitable growth. With facilities located in Cleveland, Ohio; Reading, Pa.; and Memphis, Tenn., CTM has served as a supplier of special trackwork […]
The traditional fall peak in intermodal traffic, which typically hits full stride in October, has not materialized this year. And on Class I earnings calls this month, not one executive said their railroad expected the usual seasonal surge in intermodal volume. “Normally, October is the busiest month for intermodal. And last week was lower than […]
WEST GLACIER, Mont. — A coalition of wildlife groups are threatening to sue BNSF Railway over the death of eight federally protected grizzly bears in the mountains of northwest Montana in 2019, the most killed in a single year. The groups allege that the railroad is not doing enough to protect the animals from being […]
Association of American Railroads WASHINGTON — The Association of American Railroads recently reported U.S. rail traffic for the week ending Oct. 19. For this week, total U.S. weekly rail traffic was 507,381 carloads and intermodal units, down 8.6% compared with the same week last year. Total carloads for the week ending Oct. 19 were 245,002 […]
A Canadian Pacific train passes through Deerfield, Ill., in November 2018. CP reported record financial results but slightly lowered its volume expectations as part of its quarterly earnings report. TRAINS: David Lassen CALGARY, Alberta – Canadian Pacific reported record third-quarter financial results on Wednesday, as traffic was up slightly and the railway set records for key […]
A CN unit oil train travels Wisconsin’s Byron Hill in July 2019. CN has lowered its earning estimate and is reducing its locomotive fleet as it moves less industrial traffic, including energy shipments. MONTREAL — Canadian National’s revenue and profits grew in the third quarter but the railway on Tuesday lowered its outlook for the […]
NS C44-9W No. 9732 leads empty grain train W49 at Selma, N.C., in March 2019. Michael S. Murray NORFOLK, Va. – Norfolk Southern on Wednesday reported lower third quarter profits and revenue amid broad traffic declines. The railroad’s operating income fell 2%, to $996 million, as revenue declined 4%, to $2.84 billion. Earnings per share […]
Tank cars placarded for alcohol bring up the rear of a Canadian Pacific train passing the Elmwood Park, Ill., Metra station. While many flammable materials may be moved by tank car, liquefied natural gas is not currently among them; a Department of Transportation proposal would change that. The tank cars shown are not the type […]
A Union Pacific merchandise train climbs the Tehachapi grade in California in September 2019. Bill Stephens OMAHA, Neb. — Union Pacific’s shift to an operating plan based on Precision Scheduled Railroading ultimately will enable the railroad to capture more traffic thanks to a combination of lower costs, better service, and a more robust merchandise network, […]
KANSAS CITY, Mo. – Kansas City Southern’s revenue, profits, and earnings grew to record levels in the third quarter despite flat overall traffic volume, the railroad reported on Friday. Operating income rose 6%, to $282 million, as revenue grew 7%, to $747.7 million. Earnings per share, adjusted for the impact of one-time items, was up […]
FORT WORTH, Texas — BNSF Railway has taken another step to wring more capacity out of its existing intermodal network: This week it launched a day of the week pricing system that aims to smooth peaks and valleys in volume. Currently half of the railroad’s intermodal loads are delivered to terminals between noon on Wednesday […]
