Government, Safety

Fla. County Receives Federal Grant to Improve Railway

rail tracks Florida plant city walterpro/Flickr

The Department of Transportation has approved an $8.67 million grant for Taylor County, Fla., to revitalize 80 miles of railway between Florida and Georgia, Rep. Neal Dunn (R-Fla.) has announced.

Eleanor Lamb | Staff Reporter
August 4, 2017

Rail Hot Streak Continues: Union Pacific Profits Up 19%, Beat Estimates

Union Pacific Union Pacific Corp.

Freight rail carrier Union Pacific Corp. announced July 20 that profits jumped 19% in the second quarter after CSX Corp. and Canadian Pacific Railway posted strong gains earlier in the week.

Ari Ashe | Staff Reporter
July 20, 2017
Business, Logistics

Analysis: CSX Profit Chugs Along, but Could Come at a Price

CSX railcar Stanley Forthright/Flickr

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?

Brooke Sutherland | Bloomberg News
July 19, 2017
Business, Logistics

Railroad 1Q Profits Increase on Rebound in Coal Shipping

Doug Wertman/Flickr

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.

Ari Ashe | Staff Reporter
May 1, 2017

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.

Daniel Moore | Pittsburgh Post-Gazette
February 21, 2017
Business, Logistics

Shippers Spur Competition Between Trucks, Railroads

Jonathan Alcom/Bloomberg News

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.

Ari Ashe | Staff Reporter
November 28, 2016

Proposed Chicago Bypass Freight Railroad Could Have Capacity for 110 Trains a Day

Robert Couse-Baker/Flickr

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.

Andrew Steele | The Times (Munster, Ind.)
November 16, 2016

Pinched by Fewer Energy Products, Rail Carriers Broadening Customers

Luke Sharrett/Bloomberg News

This year will be another disappointing one for freight rail carriers hauling fewer carloads of coal and natural-gas drilling supplies through southwestern Pennsylvania.

Daniel Moore | Pittsburgh Post-Gazette
November 15, 2016
Business, Logistics

Railroads, Shippers Draw Battle Lines Over Proposed STB Rule

Michael W. Wile/Flickr

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, 2016
Government, Business, Logistics

Feds Want More Info on Proposed Great Lakes Basin Freight Railroad

Miles Davis/Flickr

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.

Andrew Steele | The Times (Munster, Ind.)
October 13, 2016