Business, Logistics, Global Freight

Union Pacific’s First-Quarter Profit Creeps Up 1%

OMAHA, Neb. — Union Pacific’s first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight.

Josh Funk | Associated Press
April 25, 2024
Business, Safety, Logistics

Norfolk Southern Reports Lower Earnings After Settlement

Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.

Josh Funk | Associated Press
April 24, 2024
Business, Logistics

CSX Profit Drops 10% Despite 3% More Q1 Freight

CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.

Josh Funk | Associated Press
April 17, 2024
Government, Business, Safety

Norfolk Southern to Pay $600M in Settlement Over Derailment

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio.

Josh Funk | Associated Press
April 9, 2024
Government, Business, Safety, Logistics

Freight Railroads Must Keep Two-Person Crews

Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized April 2.

Josh Funk | Associated Press
April 2, 2024
Government, Business, Safety

Patchwork of International Regulations Govern Cargo Ships

The patchwork system of safety regulations pertaining to cargo ships like the one that toppled a major bridge in Baltimore can allow freight transporters to skirt oversight, critics say.

Josh Funk | Associated Press
March 29, 2024
Government, Business, Safety, Logistics

NTSB Highlights Shortcomings of Automated Railroad Braking

The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes.

Josh Funk | Associated Press
March 27, 2024
Government, Business, Safety, Logistics

Buttigieg Takes Railroads to Task on Safety

OMAHA, Neb. — Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve.

Josh Funk | Associated Press
March 13, 2024
Government, Business, Safety, Logistics

Norfolk Southern Alone Should Pay for Cleanup, Judge Says

Norfolk Southern alone will be responsible for paying for the cleanup after last year’s fiery train derailment in eastern Ohio, a federal judge ruled.

Josh Funk | Associated Press
March 8, 2024
Government, Business, Safety, Logistics

Freight Rail Layoffs Renew Concerns About Safety and Service

The latest rail layoffs, combined with an investment fund’s ongoing campaign for control of Norfolk Southern, are renewing concerns about the effects cuts might have on safety and service.

Josh Funk | Associated Press
March 1, 2024