Canadian Pacific Railway Limited yesterday announced its fourth-quarter results, including revenues of $2.01 billion, a record-low operating ratio (“OR”) of 53.9 percent, diluted earnings per share (“EPS”) of $5.95 and record adjusted
Norfolk Southern Corporation today reported fourth-quarter and full-year 2020 financial results. Fourth-quarter net income was $671 million, diluted earnings per share were $2.64, and the operating ratio improved to an all-time quarterly
Canadian National [announced today] that its diluted earnings per share (EPS) grew 17 per cent, and 14 per cent on an adjusted basis in the fourth quarter, while free cash flow for
The National Transportation Safety Board determined on Jan. 25 that an airbrake failure caused the fatal, Oct. 4, 2018, collision between two Union Pacific trains in Granite Canyon, Wyo. The collision occurred when
An area where a train derailed on Jan. 24 is still being cleaned. A remote-controlled CSX train derailed on a railroad bridge in Cincinnati, Ohio. Residents called in a butane leak, but
Kansas City Southern (KCS) (NYSE:KSU) reported strong fourth quarter and full year 2020 results, despite significant operating and economic challenges. Fourth Quarter 2020 Fourth quarter revenues were $693.4 million, a decrease of
CSX Corp. [yesterday] announced fourth quarter 2020 net earnings of $760 million, or $0.99 per share. These results include a charge of $48 million, or $0.05 per share after-tax, related to the
Union Pacific Corporation today reported 2020 fourth quarter net income of $1.4 billion, or $2.05 per diluted share. These results include a previously announced $278 million pre-tax, non-cash impairment charge. Excluding the
It’s looking good for a pair of regional intermodal projects in Oregon. The Oregon Transportation Commission is expected to give the OK on Jan. 21 during a videoconference. Each project will receive
AAR President and CEO Ian Jefferies issued the following statement congratulating Joseph R. Biden and Kamala Harris on their inauguration. “Congratulations to President Biden and Vice President Harris. Our new President and
FreightWaves is reporting that the medical data and information of some number of Norfolk Southern and UPS employees was hacked and leaked as part of a ransomware attack on a provider of
Railway Age’s 58th Railroader of the Year, Canadian Pacific President and CEO Keith Creel, talks with Editor-in-Chief William C. Vantuono about his career, and his mission at CP, in this audio version of
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 9, 2021. For this week, total U.S. weekly rail traffic was 525,253 carloads and intermodal units,
A federal judge is rejecting a strike order by one of Union Pacific’s bigger unions. The Brotherhood of Maintenance of Way Employees Division threatened to walk off the job last month due
Norfolk Southern’s “digital transformation” initiatives now include rulebooks, bulletins, special instructions, and other “mission-critical documents” that the railroad’s more-than 8,000 T&E (Train and Engine) workers—conductors, engineers and other field operating personnel—are required
NTSB again stresses need for increased protection of high-hazard flammable material tankers, citing two recent derailments ‘Deeply troubled’ Transportation Secretary Chao resigns following D.C. violence Mexican freight train carrying automobiles derailed by
BNSF Railway Company (BNSF) and Wabtec’s (NYSE: WAB) exploration of the future potential of battery-electric locomotives crosses another significant milestone this week as they begin testing the technology in revenue service between
According to KGW-TV 8, the local NBC affiliate, a Union Pacific freight train derailed between Canby, Ore. and Oregon City (about 25 miles southeast of Portland) yesterday morning. The train ran into
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 2, 2021, as well as volumes for December 2020. U.S. railroads originated 1,101,324 carloads in December
The National Transportation Safety Board issued a safety recommendation in December regarding placement of Department Transportation-111 rail tank cars in high-hazard flammable trains and the use of buffer cars for the protection of train