LOWELL, Ark. — Executives of trucking giant J.B. Hunt are moderately optimistic about intermodal for the second half of 2019 and about the effects of Precision Scheduled Railroading on Hunt operations. Intermodal, which makes up more than 50 percent of Hunt revenues, had a difficult first half of 2019, due to PSR-driven lane closures in […]
Train Topic: Railroad Operations
Union Pacific posts record quarterly results despite volume declines, flooding NEWSWIRE
OMAHA, Neb. — Cost-cutting, efficiency gains, and higher revenue per carload helped Union Pacific post record second quarter financial results despite declines in traffic and revenue and the impact of flooding that shut down key routes in the Midwest. The railroad’s operating income rose 8%, to $2.2 billion, even as revenue declined 1%, to $5.5 […]
AAR: Weekly carload traffic sinks 4%; intermodal more than 7% NEWSWIRE
Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending July 13. For this week, total U.S. weekly rail traffic was 527,908 carloads and intermodal units, down 5.6% compared with the same week last year. Total carloads for the week ending July 13 were 260,762 […]
CSX Transportation reduces full-year revenue outlook as volume declines NEWSWIRE
James Foote, CSX Corp. CEO CSX Corp. JACKSONVILLE, Fla. — CSX Transportation reduced its full-year revenue outlook on Tuesday after revenue and traffic volumes came in lower than expected for the second quarter. The railroad, which had been projecting low single-digit revenue growth, now expects revenue to decline by 1% to 2% this year. CSX […]
Canadian Pacific reports record quarterly results, maintains positive outlook NEWSWIRE
CALGARY, Alberta — Canadian Pacific reported record quarterly earnings and revenue today as the railway carried record volumes and led the industry in traffic growth. CP’s operating income jumped 31%, to $822 million, as revenue surged 13%, to nearly $2 billion. CP reported earnings per share, adjusted for one-time items, of $4.36, a 36% increase […]
Squires ‘pleased’ with NS operations changes NEWSWIRE
James Squires, NS CEO Norfolk Southern LAKE GENEVA, Wis. — Norfolk Southern is looking ahead with its newly implemented TOP21 operations plan, in use now for less than a month. The comments come from NS CEO James Squires at the summer meeting of the Midwest Association of Rail Shippers at the Grand Geneva Resort. “I think […]
Wall Street expects higher Class I railroad earnings despite U.S. traffic slump NEWSWIRE
Class I railroads will announce their second quarter earnings results over the next two weeks against a backdrop of declining traffic in the U.S. and indications that economic growth is slowing. But a combination of rate increases, efficiency gains, cost-cutting, and share buyback programs is expected to offset the impact of traffic volume declines at […]
Railroads begin restoring Mid-South service after ‘Barry’ barrels through Louisiana and Arkansas NEWSWIRE
NEW ORLEANS — Rail operations along the U.S. Gulf Coast were returning somewhat to normal Monday as Tropical Storm Barry — now a tropical depression — moved north into Arkansas and was expected to go in the general direction of St. Louis. The New Orleans Public Belt Railroad started three switching jobs late Sunday and […]
Railroads embargo New Orleans traffic ahead of Tropical Storm Barry NEWSWIRE
NEW ORLEANS — Railroads in the New Orleans area continued to initiate contingency plans due to the threat of Tropical Storm Barry. BNSF Railway officials said Thursday that they were holding all New Orleans-bound trains from moving into the area. “Our operations teams are working with other carriers to identify alternate gateways unaffected by this […]
Freight railroads diverting traffic from oncoming tropical storm NEWSWIRE
NEW ORLEANS — The threat of Tropical Storm Barry striking Louisiana as a hurricane by the weekend has already begun to disrupt rail service. Because the Flood Protection Authority in New Orleans closed flood gates, Union Pacific and Norfolk Southern are rerouting New Orleans traffic and UP officials say they have suspended interchange with eastern […]
AAR releases carload and intermodal traffic for the week of July 6, 2019 NEWSWIRE
Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending July 6. For this week, total U.S. weekly rail traffic was 448,459 carloads and intermodal units, down 7.5% compared with the same week last year. Total carloads for the week ending July 6 were 220,759 […]
BNSF Railway opens new intermodal terminal in Southern California NEWSWIRE
FORT WORTH, Texas — BNSF Railway opened its new intermodal terminal in Barstow, Calif., this week for premium container service between Southern California and Chicago. The $27 million terminal includes two production tracks totaling 6,600 feet, two lifts, and 640 paved parking spaces, BNSF spokeswoman Lena Kent says. Service is provided five days a week. […]
