BNSF Railway’s quarterly earnings improve as volume returns

Two locomotives pulling train in large vista of open spaces

FORT WORTH, Texas – BNSF Railway’s second-quarter earnings improved as volume and revenue surged compared to a year ago, when the onset of the pandemic led to historic traffic declines. BNSF’s operating income rose 32.5%, to $2 billion, as revenue increased 26%, to $5.6 billion, the railroad’s parent company, Berkshire Hathaway, reported on Saturday. The […]

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Union Pacific and Norfolk Southern working to clear intermodal congestion

WASHINGTON — Union Pacific and Norfolk Southern told federal regulators today that congestion in their busiest international intermodal terminals has been due to disruptions that are beyond their control. Both railroads have taken steps to limit the flow of containers, particularly to their terminals in Chicago, where bottlenecks have arisen from an unprecedented combination of […]

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Analysis: STB affirms Amtrak’s right to pursue New Orleans-Mobile service

Crowd at train platform including woman holding sign, "Bay St. Louis loves Amtrak"

WASHINGTON—Calling the issue “ripe for adjudication,” the Surface Transportation Board has agreed with Amtrak’s request for expedited hearings to determine what, if any, infrastructure improvements must occur before it can begin operating between New Orleans and Mobile, Ala. Amtrak had sought to start two daily round trips along the Norfolk Southern-CSX Transportation route in January […]

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New England passenger authority backs CSX acquisition of Pan Am Railways

Passenger train passing through trees

WASHINGTON – The Northern New England Passenger Rail Authority, which sponsors Amtrak’s Downeaster service between Brunswick, Maine, and Boston, says it backs CSX Transportation’s proposed acquisition of Pan Am Railways. Amtrak’s Downeaster uses Pan Am trackage from the Massachusetts-New Hampshire border to Portland, Maine, and on to the passenger service terminus at Brunswick. The passenger […]

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Final environmental statement released for Uinta Basin project

Map showing proposed rail route in Utah

WASHINGTON — The Surface Transportation Board’s Office of Environmental Analysis has released its final Environmental Impact Statement for the proposed Uinta Basin Railway, and selected the Whitmore Park Alternative as the environmentally preferred route for the approximately 85-mile rail line to serve a remote portion of northeastern Utah. The 637-page environmental document, accompanied by more […]

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North American Rail Shippers meeting now will hear from five Class I CEOs

North American Rail Shippers logo

CHICAGO – The North American Rail Shippers association annual meeting, scheduled for Sept. 7-9 at the Sheraton Grand Chicago, now will feature presentations from five Class I railroad chief executives and the president of Genesee & Wyoming’s North American operations. CSX Transportation CEO Jim Foote has been added to the agenda, along with G&W’s Michael Miller. […]

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BNSF Railway details international intermodal congestion issues

Aerial view of intermodal facility

WASHINGTON — On a typical day, BNSF Railway has about 30 international stack trains staged along its main lines, waiting for space to open up at intermodal terminals in Chicago, Memphis, and Alliance, Texas. The terminals are clogged due to an unprecedented combination of record volume and shippers and receivers being slow to pick up […]

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U.S. rail traffic still up in July, but margin decreases

Weekly table showing U.S. rail traffic by commodity

WASHINGTON — Overall U.S. rail traffic for July was up 3.8% over July 2020, according to statistics released by the Association of American Railroads. The numbers include 904,670 carloads, an increase of 55,969, or 6.6%, over July 2020, and 1,066,169 containers and trailers, an increase of 15,450 units, or 1.5%. While the figures showed an […]

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