Union Pacific and Norfolk Southern today became the latest railroads to partner on new interline intermodal service. UP and NS today said they would launch domestic service linking Louisville, Ky., with Los Angeles and Lathrop, Calif.; Seattle; Portland, Ore.; Salt Lake City and Houston beginning in mid-October. The railroads will exchange the traffic via steel-wheel […]
LAGUNA BEACH, Calif. — U.S. railroad traffic levels have been stagnant over the past 15 years because the Class I railroads were obsessed with profit margins while neglecting growth opportunities, CSX CEO Joe Hinrichs says. Hinrichs, speaking at an investor conference last week, was asked why railroads have struggled to grow, even setting aside the […]
President Donald Trump, in an appearance on Fox & Friends this morning, praised Union Pacific CEO Jim Vena and said the railroader offered suggestions on where the administration should call up the National Guard to fight urban crime. Vena met with Trump and other administration officials at the White House on Tuesday regarding UP’s $85 […]
FORT WORTH, Texas — BNSF Railway and COFC Logistics today announced an expansion of COFC’s service into the Eastern U.S. and Mexico. The move allows COFC Logistics, which has a fleet of more than 8,000 containers, to deliver increased container availability to intermodal marketing companies. COFC sells container space and train capacity to intermodal marketing […]
CALGARY, Alberta — Genesee & Wyoming Canada will build and operate a rail terminal that will serve a new Gasia Energy Corp. complex in the Alberta Industrial Heartland northeast of Edmonton. G&W announced today that a new subsidiary, Alberta Heartland Railway, has entered into various agreements with Gasia, including the long-term lease of more than […]
LAGUNA BEACH, Calif. — Canadian National and CSX executives today touted cooperation — not combination — as the best way to convert freight from highway to rail. While Union Pacific has proposed an $85 billion acquisition of Norfolk Southern to create the first transcontinental railroad in the U.S., CN CEO Tracy Robinson says interline partnerships […]
BALTIMORE — CSX plans to resume operations through the Howard Street Tunnel and over its hurricane-damaged Blue Ridge Subdivision ahead of schedule, CEO Joe Hinrichs said today. Trains will begin running through the Howard Street Tunnel in Baltimore during the last week of September. The tunnel on CSX’s I-95 corridor has been closed since Feb. […]
EDMONTON, Alberta — The Canada Infrastructure Bank has reached financial close on a $72.1 million (U.S.) loan to Cando Rail & Terminals for expansion of its Sturgeon Terminal in the Alberta Industrial Heartland. The project will double the size of the terminal, which currently handles car supply for a dozen industrial customers in the Edmonton […]
LAGUNA BEACH, Calif. — Norfolk Southern CEO Mark George says the rail industry is ready to put periodic service crises in the rearview mirror — and regain market share lost to trucking in the process. “We went through … more than a decade where service crises happened every couple of years,” George told an investor […]
LAGUNA BEACH, Calif. — Union Pacific CEO Jim Vena and Norfolk Southern CEO Mark George say the interline partnerships that BNSF, CSX, and Canadian National have announced recently are proof that the proposed UP-NS merger will boost railroad competition. “Just the mere idea of having a transcontinental railroad has already enhanced competition … And I […]
CSX and Canadian National today announced they plan to develop a new interline intermodal service linking Nashville, Tenn., with Vancouver and Prince Rupert, British Columbia. This international container traffic currently runs over CN to Memphis, where it is then trucked to Nashville. Once the railroads finalize their deal, the loads will run via CSX between […]
WASHINGTON — The Justice Department and Norfolk Southern today reached a settlement in the right of preference lawsuit the government brought last year regarding the railroad’s handling of Amtrak’s Crescent. The Justice Department — in only the second case of its kind since Amtrak was granted the right of preference in 1973 — had alleged […]
