The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending August 1, 2020, as well as volumes for July 2020. U.S. railroads originated 1,042,017 carloads in July
After a year of leading NS’s “clean sheeting” initiative in a consulting role, Michael A. Farrell was named senior vice president transportation in Nov. 2018, then appointed senior vice president of operations
Two private equity firms are considering a takeover bid for Kansas City Southern, according to a report based on information from anonymous sources in the Wall Street Journal posted late afternoon on
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 25, 2020. For this week, total U.S. weekly rail traffic was 481,331 carloads and intermodal units,
Norfolk Southern Corporation (NYSE: NSC) today reported second-quarter financial results. Second-quarter net income was $392 million, diluted earnings per share were $1.53 and the operating ratio was 70.7 percent. “In a period
Norfolk Southern Corporation today announced its board of directors has appointed Cindy Sanborn executive vice president and chief operating officer, effective Sept. 1, 2020. Sanborn will succeed Michael Wheeler, who will retire
CSX Corp. [this week] announced second quarter 2020 net earnings of $499 million, or $0.65 per share, versus $870 million, or $1.08 per share in the same period last year. “I want
Union Pacific Corporation today reported 2020 second quarter net income of $1.1 billion, or $1.67 per diluted share. This compares to $1.6 billion, or $2.22 per diluted share, in the second quarter
Canadian Pacific Railway Limited [yesterday] announced second-quarter results, including revenues of $1.79 billion, diluted earnings per share (“EPS”) of $4.66, adjusted diluted EPS of $4.07 and an operating ratio of 57.0 percent.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 18, 2020. For this week, total U.S. weekly rail traffic was 481,597 carloads and intermodal units,
Company Contributing to Economic Recovery Through Reaffirmed and New Investments Canadian National today reported its financial and operating results for the second quarter ended June 30, 2020. “By being adaptable, we were able
It should come as no surprise that Class 1 rail employment posted another drop in June. The double whammy of the pre-pandemic recession and COVID-19 lockdowns has stifled economic activity, and the
Officials are still trying to figure out how a Norfolk Southern train derailed outside of Tuscaloosa, Ala., late Saturday afternoon. A total of 17 rail cars derailed, with one spilling vegetable oil
Kansas City Southern reported today that Q2 2020 revenues were $547.9 million, representing a 23% drop in revenues compared to Q2 2019. In addition, carload volumes were down 21% compared to the
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 11, 2020. For this week, total U.S. weekly rail traffic was 449,092 carloads and intermodal units,
If Washington State wants a statewide train network, the cost will be high and the ridership could be low if officials want to revive an east-west link. A new study was completed
Canadian National announced [Tuesday] that it has achieved another monthly record in June moving 2.7 million metric tonnes (MMT) of Canadian grain. In the first half of 2020 through June 30, CN
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 4, 2020. For this week, total U.S. weekly rail traffic was 437,989 carloads and intermodal units,
Canadian Pacific announced [yesterday] its best-ever quarter and June for moving Canadian grain and grain products. The two records are the latest in a standout crop year of linking Canadian producers to
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 27, 2020, as well as volumes for June 2020. U.S. railroads originated 794,256 carloads in June