Year-to-date U.S. rail traffic continues to trend lower.
The rail equipment and technology manufacturer sees international opportunities as an area for business to grow.
The rail equipment lessor said corrosion damage was found in 160 railcars.
The number of employees working for the U.S. operations of the Class I railroads slumps to its lowest level in years.
Freight railroads need push to ensure Amtrak’s trains are on time, Durbin says.
The Teamsters Canada Rail Conference could go on strike as early as Nov. 19 should talks deteriorate with Canadian National.
The transaction is worth approximately $12.6 billion.
The fires are occurring nearby the Carquinez Bridge.
The rail equipment manufacturer said it delivered record railcar deliveries in the quarter.
Rail volumes fell yet again and the industry is casting its doubts about the fourth quarter.
The railway also earned record third-quarter revenue.
Further operational efficiencies will push the railroad to its target, the company said.
Despite lowering its operating ratio, the railroad tempers its 2019 outlook.
The rail equipment manufacturer sees high utilization rate but says economy faces uncertainty.
Coal production in the region could fall significantly in 2020, affecting rail volumes.
Company eyes cross-border volume growth and efficiency improvements.
With U.S. rail volumes still slumping, the Class I railroads wondered in third-quarter earnings calls when the downward trend would end.
Rationalizing additional network assets is still a possibility in 2020.
The eastern U.S. railroad declined to share its expectations for 2020 but said it would be prepared should rail volumes rebound.
Government initiatives are encouraging the freight rail sector to address cyber threats. But what else needs to be done?
Reports have been surfacing that the Alberta government could grant more crude-by-rail contracts.
With U.S. rail volumes slumping in the third quarter, can PSR soften that blow to the rail’s bottom line?
Excerpt: The companies promote and assign new roles to longstanding employees.
Awarded projects could benefit freight rail indirectly.
The railroads say the union refuses to negotiate on train crew size as both sides prepare for a new collective bargaining agreement.
The proposed actions address major rail shipper complaints voiced to the Board earlier this year.
The new executives contributed greatly to CSX as the railroad made operational changes, the company said.
Companies file a flurry of lawsuits against the big four U.S. Class I railroads, alleging their fuel surcharge programs violated antitrust laws.
The rulemakings address cost of capital calculations and rail performance data for chemicals and plastics traffic; shippers also press Board to act on fuel surcharges.
Groups say existing federal laws trump Illinois’ mandate on train crew size.
The railway grappled with not only the potential for cold temperatures but also macro uncertainty in crafting plan.
Authors Ben Mezrich and Hunter Green to share stories on how new tech ideas rattle and shake up the old guard.
The upgrades come as company and state officials eye anticipated volume growth at the Port of Savannah.
The company is following through on a pledge to acquire 1,000 branded intermodal containers by the end of 2020.
The federal agency on hazardous materials transport has received over 4,000 comments about the law.
Jennifer Hamann will succeed Rob Knight on January 1, 2020.
Year-to-date U.S. rail traffic down 3.8 percent from the same period in 2018.
To meet future rail demand, stakeholders must confront communication dysfunction.
Declining coal consumption in the U.S. may have led to the dispute.
The recommendations by the National Transportation Safety Board relate to a fatal October 2018 accident in which a moving train struck a stationary one.
As precision scheduled railroading takes hold, headcount levels drop to their lowest in years.
The rail equipment manufacturer will close its Boise facility and move operations to Erie.
Two lawmakers want more extensive review of the risks and practice of using tank cars to haul liquefied natural gas.
Trade uncertainty and loose truck capacity continue to weigh on rail traffic.
The Port of Savannah’s expansion plans will benefit shippers — so long as infrastructure needs outside the port are met.
The trade group has been lobbying Congress to make permanent a tax credit for infrastructure investments.
The railroad, which has dedicated operations in Mexico, has invested in capital infrastructure related to energy.
Millions in private and public funding are going toward the two western Canadian ports.
The Surface Transportation Board has proposed two rules that could ease shippers’ burdens when contesting rail rates.
CSX needs to be more proactive if wants to compete with trucks, CSX’s chief said.
U.S. rail volumes are down nearly 4% year-to-date amid a 6.6% decline for coal and a 4% drop for intermodal.
The railroad was building the train when it derailed and caused a tank car to catch fire.
The Class I railroads are steadily implementing positive train control, but the railroads overall still have a ways to go before the December 2020 deadline.
Three Class I U.S. rail operations earned enough returns on investment in 2018 to support their capital projects.
The railcar manufacturer says the covered hoppers are shorter but enable faster grain discharges.
The two railroads said customers should expect delays and possible rerouting.
The decline in U.S. coal production could cost the railroads billions in lost revenue.
Weakness in the manufacturing sector is dragging U.S. rail volumes lower, AAR says.
Grain shippers wonder if the Canadian railways will keep up with demand in the 2019-20 crop year.
Slumping coal demand, trade wars and a competitive truck market are weighing on rail volumes for the remainder of the year.
The railroads say customers should expect delays and rerouting because of the hurricane
The line serves communities in western New York and eastern Canada near the St. Lawrence River.
The new appointments could indicate how the companies are preparing to respond to future market trends.
Year-to-date U.S. rail volumes are still slumping this year, due in part to a competitive truck market for intermodal shipments.
The acquisition seeks to build upon the company’s rail assets in Ohio and expand its presence into the Port of Cleveland.
The railroad contends the Interstate Commerce Commission Termination Act and the Federal Railroad Safety Act preempt Oklahoma’s law.
The continued slump in U.S. rail volumes is putting pressure on overall North American rail volumes.
The railcar manufacturer and lessor has been tinkering with its designs for railcars to expand their volume capacity while also making them lighter.
Headcount continues to fall at U.S. rail operations as the railroads implement precision scheduled railroading.
A federal appeals court denies a request by rail shippers to form a class lawsuit, and U.S. Senators press the Surface Transportation Board to take action.
The Federal Railroad Administration is asking freight and passenger railroads to apply for grants aimed at upgrading infrastructure or enhancing safety.
Competition from other grain-producing countries weigh on U.S. grain exports – and on U.S. rail volumes for grain.
Year-to-date North American rail volumes fell 2.3 percent last week. But what about for the rest of the year?
The states of Illinois, Nevada and Washington are seeking to push ahead with state laws requiring a train crew size of at least two individuals, despite a federal declaration saying that such laws have been voided.
The announcements confirming Canada’s planned investments in rail infrastructure come as the country prepares for a federal election in October.
U.S. rail carloads no longer appear to be following the lead of broader economic indicators. Why? Look to concerns about rail service reliability and trade uncertainty as answers.
CSX and Canadian National’s partnership to create new intermodal service between Montreal and Toronto and the greater New York City area is a strategy to expand each other’s geographical reach and compete with the long-haul trucking market.
Railcar manufacturer Greenbrier will invest $16 million in an American Railcar Industries facility that produces tank cars.
U.S. railroad operations loaded 5.5 percent fewer carloads and intermodal units in July, and trade uncertainty could threaten to maintain that downward trend in rail volumes for the remainder of 2019.
Genesee and Wyoming sees second-quarter operating income decline amid lower freight revenues from its Australian and European operations and flat year-over-year revenue from its North American operations.
U.S. Senator Ron Wyden’s (D-Oregon) new bill would require the railroads to supply information on crude volumes to emergency responders, and it would mandate that the railroads share crude-by-rail data annually.
In auto racing, the racecar is the star and teams spend a lot of effort getting to the race on time. But they also need to bring all the supporting players: the tires, the gearboxes…and the bodywork. And the chassis. And the spare engines. And the awning. And the tools. And they all need to fit in one trailer.
Second quarter revenue for BNSF rose 0.3 percent despite lower volumes for agricultural products, consumer products and industrial products.
“If a shipper can share some of its production forecast information to railroads, railroads can plan better to meet that capacity. Conversely, if railroads can open up and show where their empty railcars are to the shipper so that the shipper has a bit more confidence that the right number of railcars are going to show up, then the shipper can more confidently choose rail.”
A renewed focus on building western gran network capacity helped Canadian Pacific reach all-time records for grain hauls in the 2018-2019 crop year.
“I think we’re at a critical juncture. Six months from now I think we’ll be able to take a closer pulse to where things are.”
Blackjewel’s bankruptcy reminds the broader industrial sector of the vulnerability of U.S. coal production overall, particularly so for western U.S. coal production.
North American rail volumes are still lower year-over-year, but U.S. carloads recovered somewhat last week.
Train products manufacturer and supplier Wabtec lowered its sales guidance for 2019 but kept its projections for how much profit it expects to make from its operations.
The record occurred despite extreme weather conditions that stymied rail shipments in February and March, as well as restrictions on Canadian canola exports to China, the railway said.
Greenbrier said the acquisition will enable the company to provide customers not only with direct sales or leasing options but also with after-market services. Customers seeking tank cars and covered hoppers will also benefit from Greenbrier’s expanded geographic footprint as a result of the acquisition.
Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on “healthy” inquiry levels for its railcars, company leaders said during TRN’s second quarter earnings call on July 25.
U.S. rail volumes fell yet again for the week ending July 20, according to data from the Association of American Railroads.
Total company revenue for Trinity Industries (NYSE: TRN) grew 16 percent to $736 million in the second quarter amid revenue gains for its rail product group.
Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.
There is some uncertainty for commodities such as grain, lumber, coal and crude, but Canadian National (NYSE: CNI) leaders are “cautiously optimistic” about volumes and how the company might perform in the second half of the year.
Norfolk Southern’s (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit […]
The U.S. Surface Transportation Board (STB) is seeking public comments on Brookfield Asset Management’s proposed acquisition of shortline operator Genesee & Wyoming. Broofield announced plans to acquire GWR earlier this month in a deal valued at $8.4 billion.
Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs.
U.S. railroads had fewer employees on their payroll in June amid lower rail volumes overall and company decisions to trim workforce levels as part of changes to their operating models.