Berkshire Hathaway Inc. plans to increase capital spending at its BNSF Railway Co. by $4.1 billion this year as it prepares to handle rising oil shipments and expands its intermodal terminal capacity, Bloomberg News reported.
January 22, 2013GovernmentBusinessLogistics
Bill Would Allow Rail-Safety Technology Deadline Extension
Sen. John Thune (R-S.D.) has introduced legislation that would extend until 2020 a federal statutory deadline that freight railroads install collision-avoidance technology.
August 6, 2013BusinessLogistics
Canadian Railroads’ Earnings Improve
Canada’s two major freight railroads reported higher second-quarter earnings from a year ago on stronger rates and volume.
July 24, 2013BusinessLogistics
Kansas City Southern’s 2Q Income Drops
Kansas City Southern’s second-quarter net income fell to $15 million, or 14 cents a share, from $120 million, or $1.09, a year ago.
July 19, 2013BusinessLogistics
Union Pacific Reports Record 2Q Profit
Union Pacific Corp. said Thursday its second-quarter profit rose 10% to an all-time high, despite carloads dipping 1% in in the quarter.
July 18, 2013BusinessLogistics
Union Pacific’s 1Q Profit Rises 11%
Union Pacific Corp. said Thursday its first-quarter profit rose 11%, as higher prices drove freight revenue up.
April 18, 2013BusinessLogistics
Union Pacific Reports $1 Billion 4Q Profit
Union Pacific Corp. said Thursday its fourth-quarter profit rose to more than $1 billion on higher chemical, automobile and intermodal shipments.
January 24, 2013BusinessLogistics
Norfolk Southern, CSX Report Lower 4Q Income
Eastern freight railroads Norfolk Southern Corp. and CSX Corp. each reported lower fourth-quarter profits from a year ago.
January 23, 2013BusinessLogistics
Canadian National Reports Higher 4Q Profit
Canadian National Railway Co. reported a higher fourth-quarter profit from a year ago on higher freight volume.
January 22, 2013BusinessLogistics
Kansas City Southern Reports Higher Operating Income for 4Q, Year
Kansas City Southern reported a smaller fourth-quarter profit but said its revenue rose 7%, boosted by strong intermodal volume.
January 22, 2013