Analysis: CSX Profit Chugs Along, but Could Come at a Price
CSX Corp. investors who endorsed a massive pay package to bring railroad wunderkind Hunter Harrison on board as CEO are already seeing the payoff. The question is, at what cost?
Railroad 1Q Profits Increase on Rebound in Coal Shipping
All publicly traded freight railroads reported higher profits in the first quarter, led by a strong rebound in coal transportation from the doldrums of recent years and continued improvement in the intermodal sector.
Wabtec Earnings Fall on Slumping Freight Market
Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.
Shippers Spur Competition Between Trucks, Railroads
Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.
Proposed Chicago Bypass Freight Railroad Could Have Capacity for 110 Trains a Day
A Great Lakes Basin Railroad forecast shows as many as 60 trains riding its rails daily through southern Lake and Porter counties in Indiana by its third year of operations, with that number declining to the low 50s and finally to 22 at the railroad's eastern terminus in LaPorte County.
Pinched by Fewer Energy Products, Rail Carriers Broadening Customers
This year will be another disappointing one for freight rail carriers hauling fewer carloads of coal and natural-gas drilling supplies through southwestern Pennsylvania.
Railroads, Shippers Draw Battle Lines Over Proposed STB Rule
Railroads and shipper groups have sketched their strategy for a potentially historic Surface Transportation Board battle over the future of rail competition, with comments to the agency as well as taking steps to recruit allies.
November 2, 2016Feds Want More Info on Proposed Great Lakes Basin Freight Railroad
The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad.
Railroad Regulators Award $25 Million for Automatic Braking System
Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.
Providence and Worcester Railroad Sold for $125 Million
Genesee & Wyoming Inc. has an agreement to buy Worcester’s Providence and Worcester Railroad Co. under a $125 million deal unveiled Aug. 15.