Economic uncertainties, including the prospect of a coronavirus-induced recession, could spur the railroad to update its 2020 guidance.
Norfolk Southern and Union Pacific say they have contingency plans should the coronavirus threaten to disrupt operations.
William J. Flynn was formerly CEO of Atlas Air Worldwide Holdings, and his leadership experience spans the air cargo, freight railroad and maritime industries.
The rail industry could see merger activity in the next five to 10 years should the regulatory and economic environment make them necessary.
FreightCar America’s fourth-quarter results highlight the weakened railcar demand environment.
Uncertainty is still an underlying theme facing North American freight railroads.
The court ruled in favor of the Class I railroads and said SMART-TD must discuss crew size during ongoing collective bargaining negotiations.
Employment levels at the U.S. operations of the Class I railroads hit their lowest point in years, according to data from the Surface Transportation Board.
A portfolio of acquisitions culminates in a large sale. Genesee and Wyoming announces that the sale of the company has been completed.
Canadian National reports operations have returned to “normalized” levels after an eight-day work stoppage.
Canadian National’s grain shipments gain momentum with eight-day strike in the rearview.
Several management teams from North America’s largest Class I railroads were on hand to discuss current demand, their networks and the future at the Credit Suisse 7th Annual Industrials Conference.
FreightCar America sees net loss more than double as it navigates the downside of railcar demand. The company’s cost restructuring remains on track.
Jim Blaze explains the new CSX trip compliance reporting… perhaps the first step for railroads to compete more effectively with the trucking industry.
Market View commentator Jim Blaze writes about the advantages short line railroads offer to shippers.
Carloads on the railroads remained under water in the first week of the fourth quarter 2019. Intermodal weakness will be in the spotlight as third quarter earnings season approaches.
Heading into earnings season, the railroads clearly have a revenue headwind as carloads declined again in the latest week.
Norfolk Southern announced that Claude Mongeau has been elected as a director. The former Canadian National Railway head may be viewed as an effort to improve PSR initiatives or to explore potential opportunities to partner with other Class I railroads.
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.
Jim Blaze writes about the recent history of intermodal rail service and what may happen in the next few years.
Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.
