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NORFOLK, Va. — It was a record first quarter for Norfolk Southern, as the railroad set a string of financial records as smoother operations and rate increases more than made up for flat overall traffic volume. “We are finding that the more we adopt new practices and ideas, the more we can drive bottom line […]
CALGARY, Alberta — Canadian Pacific’s first quarter earnings were negatively affected by harsh winter weather and derailments that curtailed volume and increased the railway’s expenses. CEO Keith Creel began the railway’s earnings call on Tuesday by remembering the three railroaders killed in the Feb. 4 derailment of a runaway grain train between the Spiral Tunnels […]
This schematic of Conrail’s North Jersey Service Area shows planned and current improvements. Courtesy of Conrail Greenville Yard in Bayonne and Jersey City, N.J., will see projects addressing capacity needs in several areas. Courtesy of Conrail This overhead image shows the current Point No Point Bridge over the Passaic River, as well as the proposed […]
KCS SD70ACe No. 4052 leads a westbound freight through Alice, Texas, on the Laredo Subdivision in March 2012. Patrick Phelan KANSAS CITY, Mo. – Kansas City Southern has become a faster, more fluid railroad as it rolls out operational changes based on the principles of Precision Scheduled Railroading. “For us, PSR is all about improving […]
A northbound Norfolk Southern train passes through Ferguson, Ky. Trains: Jim Wrinn LOWELL, Ark. — Precision Scheduled Railroad-driven lane closures and bad winter weather reduced intermodal traffic by 7 percent for J. B. Hunt Transport in the first quarter of 2019. “Volume or the lack thereof is obviously the main story,” David McGee, executive vice […]
OMAHA, Neb. — Union Pacific reported record first-quarter operating income on Thursday despite the impact of severe winter weather and historic flooding that crippled key routes and resulted in volume declines. “I am extremely proud of the men and women of Union Pacific and applaud their heroic efforts to safely restore our rail network,” CEO […]
JACKSONVILLE, Fla. — CSX Transportation reported record first-quarter financial results on Tuesday as revenue gains, merchandise carload growth, and improved operations overcame flat overall traffic volume. CSX’s net income rose 20%, to $834 million, as revenue rose 5%, to $3 billion. The railroad reported earnings per share of $1.02, a 31% increase that easily topped […]
KANSAS CITY, Mo. — Kansas City Southern reported record first-quarter revenues on Wednesday despite a 1% decline in volume that was largely due to the impact of Mexican teacher protests that shut down key routes in January and February. When adjusted for one-time items, KCS reported record first-quarter operating income of $242 million as revenue […]
The Ann Arbor’s tracks, foreground, are on the west side of the tower. Sol Tucker TOLEDO, Ohio – Operator Larry Bohland, the most senior employee on the railroad, had 40 years and one week on the job when Hallett Tower in Toledo closed earlier this week. He survived the dark days of the bankrupt Ann […]
A Union Pacific train passes under a signal bridge and past a positive train control installation on BNSF Railway track in Cajon Pass, Calif., in 2013. TRAINS: Steve Sweeney The nation’s railroads continue to work toward completion of positive train control installation. While the process seems like it might be inching along, railroads have made […]
Association of American Railroads WASHINGTON — The Association of American Railroads reported U.S. rail traffic on Wednesday for the week ending April 6. For this week, total U.S. weekly rail traffic was 510,192 carloads and intermodal units, down 2.8 % compared with the same week last year. Total carloads for the week ending April 6 […]
Map of proposed trackage rights proposed by Union Pacific and Norfolk Southern and filed with the Surface Transportation Board. Surface Transportation Board WASHINGTON — Norfolk Southern’s former Wabash main line across Missouri and Illinois may be getting a little busier as part of a new shortcut for Union Pacific. UP is seeking Surface Transportation Board […]
