Canadian National may be facing a strike from its employees represented by the Teamsters Canada Rail Conference. The contract between the railroad and the union expired in July, and if an agreement
According to Surface Transportation Board statistics, the total number of railroad employees dropped from 148,171 in September 2018 to 136,865 in September 2019. That is 11,306 fewer employees, or -7.63% year over year.
Unless rail customers own their own cars, they either use ones owned by the railroad or they lease them. One of the largest freight car and locomotive lessors is GATX Corporation, which
Canadian National last week reported its financial and operating results for the third quarter ended September 30, 2019. “CN delivered strong results, despite a softening economy,” said JJ Ruest, president and chief
In response to an extraordinary uptick in the tempo and severity of extreme weather events that have been affecting freight railroad operations and the needs of its members, the American Short Line
Several states are pushing back on the notion that regulation of crude oil trains in the United States belongs in the hands of the federal government, as opposed to being regulated by
Canadian Pacific Railway Limited today announced record third-quarter revenues of $1.98 billion, and reported diluted earnings per share (EPS) of $4.46, or $4.61 on an adjusted diluted EPS basis. The Company also
The Association of American Railroads (AAR) yesterday reported U.S. rail traffic for the week ending October 19, 2019. For this week, total U.S. weekly rail traffic was 507,381 carloads and intermodal units,
Norfolk Southern Corporation yesterday reported third-quarter financial results. Third-quarter net income was $657 million and diluted earnings per share were $2.49. The operating ratio for the quarter was 64.9%, a third-quarter record
The U.S. Department of Transportation’s (USDOT) Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), announced that it is publishing a notice of proposed rulemaking (NPRM)
The Brotherhood of Maintenance of Way Employees Division (BMWED) of the International Brotherhood of Teamsters recently filed a petition against the Federal Railroad Administration (FRA) decision to allow BNSF to reduce physical,
If Amtrak expects to reach its goal of breaking even by 2021, it must improve its on-time performance significantly. According to a report in Business Insider, the rail passenger carrier’s on-time performance
A railroad bridge has partially collapsed in northeast Houston this morning, causing a train to derail.
Third Quarter 2019 Results Record revenues of $747.7 million, an increase of 7% from prior year on flat volumes Operating income of $282.0 million. Record adjusted operating income of $294.0 million up
VisioStack Inc. has entered into an agreement with Grupo EFE to provide data management and analytics services. Grupo EFE, which is based in Santiago, Chile, provides both passenger and freight services throughout
CSX Corporation yesterday announced third quarter 2019 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year (an earnings per
Union Pacific Corporation today reported 2019 third quarter net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.6 billion, or $2.15 per diluted share, in the third quarter
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 12, 2019. For this week, total U.S. weekly rail traffic was 510,820 carloads and intermodal units,
Concern over computer hacking of critical infrastructure, and even of our political elections, permeates the entire U.S. The more we come to rely on digital and automated processes, the more dependent we
Freightwaves is reporting that Goldman Sachs has revised its outlook on 2020 earnings in the freight transportation sector. The reason is the continued sluggishness in the U.S. economy’s industrial sector, and their