BLET, UP reach tentative agreement on interim pay raise

Train with three yellow locomotives on broad curve

INDEPENDENCE, Ohio — The Brotherhood of Locomotive Engineers and Trainmen and Union Pacific have reached tentative agreement on an interim 3% raise for BLET members while bargaining for a full contract continues. The union said in a press release that if ratified, the interim agreement would be effective Sept. 1 and provide the raise to […]

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Trade disputes hit CN volumes and prompt railway to reduce outlook

MONTREAL — Canadian National lowered its outlook for the year — and pulled its longer-term guidance today — in response to ongoing trade- and tariff-related economic uncertainty. CN delivered the news while releasing its second-quarter financial results, which included higher operating income despite lower revenue and flat volume. “A few months ago, trade deals seemed […]

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Warren Buffett refutes reports that BNSF has hired merger advisors

Buffett_BNSF

BNSF Railway has not engaged with investment bankers about a possible railroad merger, Berkshire Hathaway Chairman and CEO Warren Buffett told CNBC today. Yesterday Semafor and Reuters reported, citing people familiar with the matter, that BNSF had hired Goldman Sachs to advise the railroad about mergers. But Buffett said neither he nor Greg Abel, the […]

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BNSF aims to grow carload traffic with service upgrades

FORT WORTH, Texas — BNSF Railway carries more intermodal, coal, and grain traffic than any other railroad. And now it’s looking to boost its relatively small carload network through a combination of improved service, more frequent customer switching, and tighter partnerships with its top short line connections. “We know intermodal’s a big part of the […]

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CN seeks to end lease on ex-BC Rail route north of Vancouver

SQUAMISH, British Columbia — Canadian National Railway has announced its intention to abandon operations on 214 miles of former BC Rail tracks north of Squamish that it began leasing from the province of British Columbia in 2003. The scenic route through the province’s interior from North Vancouver to a connection with CN’s Prince Rupert line […]

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Branchline oddity

Branchline oddity

On May 12, 1962, Rock Island “motor” 9006 has a typically short train as it heads west with mixed No. 79 near Horton, Kan. The first of the 10 “baggage-car locomotives” left the roster in 1948, and by 1960 only the 9006, 9013, and 9014 remain. Frank Tatnall photo […]

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Report: Goldman Sachs advising BNSF on potential merger (updated)

News reports say that BNSF Railway has hired Goldman Sachs to advise it about a potential rail merger. Semafor, an online publication, reported on Monday evening that BNSF has engaged Goldman Sachs in the wake of Union Pacific working with Morgan Stanley regarding potential mergers. Both reports cited people familiar with the matter. The railroads […]

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Wabtec marks 10 years of Tier 4 locomotive success

PITTSBURGH — Wabtec is marking the 10th anniversary of the delivery of its first batch of Evolution Series Tier 4 locomotives, which have gone on to become far and away the dominant new road power on Class I railroads. BNSF Railway was the first to receive the AC-traction locomotives that are designed to comply with […]

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Coal, intermodal, grain boost U.S. rail traffic

High-angle view of coal train approaching curve

Three traffic segments have driven Class I railroad performance in 2025, according to Association of American Railroads data: intermodal, coal, and grain. Year-to-date, intermodal volume is up 5% compared to the same stretch in 2024; coal is up 6%, and grains are also up 6%. Union Pacific is moving the most coal: In the most […]

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