Shipper coalition urges federal regulators to permit reciprocal switching

Surface Transportation Board logo

WASHINGTON – A coalition representing a broad range of rail shippers has asked the Surface Transportation Board to increase competition among railroads by finalizing rules that would permit reciprocal switching. “Given the dramatic concentration of market power in the railroad industry, rethinking policies designed for a different era is both timely and smart. Reciprocal switching […]

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Canadian Pacific reports record financial and safety results

Tank train passing signals on open prairie

CALGARY, Alberta — Canadian Pacific set quarterly records for revenue, earnings, and adjusted operating ratio as second quarter volume bounced back from last year’s pandemic lows. “Behind those numbers obviously is a very impressive operating performance,” CEO Keith Creel says, rattling off a list of key metrics that improved, including train length and weight and […]

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Norfolk Southern outlook brightens after record second quarter

Black locomotives lead train through curve

NORFOLK, Va. — Buoyed by strong volume and revenue growth, Norfolk Southern lifted its outlook for the year as it reported record second-quarter financial results on Wednesday. “We are even more confident about growth for the balance of this year,” CEO Jim Squires told investors and analysts on the railroad’s earnings call. The railroad now […]

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GO Transit to expand service Aug. 7

Toronto GO Transit logo

TORONTO, Ontario — GO Transit will increase service on a number of routes as of Aug. 7, restoring trains suspended because of the COVID-19 pandemic, as well as offering new services. The Lakeshore East and West lines, Kitchener Line, Barrie Line, and Stouffville Line will all see additional service, and some current bus service will […]

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