CN: ‘Solid quarterly performance drives results’
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
Intermodal
Kansas City Southern reports Q4 and 2020 full-year results
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
Union Pacific reports fourth quarter and full year 2020 results
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
Oregon commission ready to approve two intermodal projects
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
Association of American Railroads statement on Biden/Harris inauguration
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
Intermodal continues to be bedrock of weekly traffic increases
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 16, 2021. For this week, total U.S. weekly rail traffic was 528,547 carloads and intermodal units,
Rail traffic trend continues into 2021
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,
Bells & Whistles—A huge resignation and vandals derail a freight train
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
Mexican freight train carrying automobiles derailed by vandals
According to FreightWaves, a Ferrosur Co. freight train carrying passenger automobiles was intentionally derailed by armed vandals who cut the railroad’s tracks in Acultzingo, Mexico, which is approximately 100 miles away from
AAR’s John Gray: Rail traffic boosted by strong intermodal, grain, and reopening of auto assembly plants
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
U.S. rail traffic sees significant intermodal increase for the week
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 26, 2020. For this week, total U.S. weekly rail traffic was 405,111 carloads and intermodal units,
A repeating, positive pattern for U.S. rail traffic
Editor’s Note: Today’s Association of American Railroads traffic report is similar to the association’s reports for the past several weeks. While intermodal continues to post strong increases over the same periods last
Intermodal traffic remains strong while carload traffic is slightly down
Yesterday, the New York Times reported that since the pandemic has forced many people to work from home (if they are able to do so), this is driving a significant increase in
Improving the safety and efficiency of railroad operations with automation-assisted technology
Maintaining efficient railroad operations while ensuring overall safety is an essential part of the Federal Railroad Administration’s (FRA) mission. Automation-aided technologies have the potential to save lives and improve safety while improving
$100MM TCEP grant for Stockton diamond grade separation
A $237 million highway/rail grade separation project on what is described as “the busiest, most congested at-grade rail junction and rail bottleneck in California” has been awarded a $100 million TCEP (Trade
While intermodal is the backbone of traffic increases, grain volumes are high, too
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 28, 2020, as well as volumes for November 2020. U.S. railroads originated 900,194 carloads in November
Rail traffic: the pattern continues
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 21, 2020. For this week, total U.S. weekly rail traffic was 534,607 carloads and intermodal units,
Continuing pattern – carloads down, intermodal up, bringing total carloads up
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 14, 2020. For this week, total U.S. weekly rail traffic was 527,462 carloads and intermodal units,
Intermodal strength continues to lift rail traffic totals
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 7, 2020. For this week, total U.S. weekly rail traffic was 522,028 carloads and intermodal units,
BNSF Q3 2020 – revenue and operating ratio both down
BNSF recently reported its financial results for Q3 2020. Revenue was down 14.4 percent compared to Q3 2019 (bad) and the operating ratio was down to 59.7 percent compared to 62.6 percent