railroad

Business, Logistics

STB to Continue Railroad Reviews, Sidesteps California Emissions Case

Luke Sharrett/Bloomberg News

The Surface Transportation Board, now reduced to two members, decided to wade further into rail service oversight and stay out of a California rail emissions case.

January 12, 2015
Business, Logistics

Cargo Rates Trigger Shipper Backlash as US Rails Soar

nostri-imago/Flickr

After CSX Corp. raised rates for shipping specialty gas by 41% over three years, Diversified CPC International Inc. had to shutter a production line near Chicago.

August 21, 2014
Business, Logistics

Union Pacific Net Income Rises 17%

Ken James/Bloomberg News

Union Pacific Corp.’s second-quarter net income rose 17% to $1.29 billion, or $1.43 per share, continuing a trend of profit growth reported by other railroads.

July 24, 2014
Business, Logistics

Canadian Railroads’ Second-Quarter Earnings Rise

Nile Livesey/Flickr

Canada’s two major freight railroads reported higher second-quarter earnings from a year ago, recovering from challenging winter conditions last quarter.

July 23, 2014
Business, Logistics

BNSF, CP Pledge to Provide Trains to Ship Fertilizer to US Farmers

The two main railroads serving the oil-producing states in the Upper Midwest have pledged to dedicate enough equipment to get adequate fertilizer shipments to farmers there in time for spring planting.

April 28, 2014
Business, Logistics

Norfolk Southern’s First Quarter Profit Declines

Luke Sharrett/Bloomberg News

Norfolk Southern Corp. said its first-quarter profit declined and operating revenue dropped 2%.

April 23, 2014
Business, Logistics

Canadian Railroads’ 1Q Earnings Rise

Brent Lewin/Bloomberg News

Canada’s two major freight railroads reported higher first-quarter earnings from a year ago despite harsh winter conditions.

April 23, 2014
Business, Logistics

STB Pressures Two Railroads to Speed Fertilizer Shipments

BNSF Railway and Canadian Pacific Railway, the primary railroads in oil-rich North Dakota, last week came under federal pressure to accelerate fertilizer shipments to the region after delays on both lines slowed that freight as planting deadlines approach.

April 21, 2014
Business, Logistics

Union Pacific’s 1Q Earnings Jump 14%

Jeff Smith/Bloomberg News

Union Pacific Corp.’s first-quarter earnings jumped 14% to $1.1 billion, or $2.38 a share, the company reported April 17. Revenue rose 6.6% to $5.64 billion.

April 17, 2014
Business, Logistics

CSX Reports 1Q Income Drops 14%

Larry Smith/Trans Pixs

CSX Corp. reported its first-quarter net income fell 14% to $398 million, or 40 cents per share, as the rail industry began its first-quarter round of earnings reports on a lower note.

Rip Watson | Special to Transport Topics
April 16, 2014

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