railroad

Business, Logistics

BNSF Sets $4 Billion Expansion for Oil, Intermodal Shipments

Tom Biery/Trans Pixs

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, 2013
Business, Logistics

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
Business, Logistics

BNSF Projects Its Crude Oil Shipments to Climb 40% on Shale Boom

Burlington Northern Santa Fe railroad will boost crude-oil shipments by 40% this year, helping to offset declines in other cargo, Bloomberg News reported.

January 9, 2013
Business, Logistics

Intermodal Traffic Falls 0.3% for Week

Tom Biery/Trans Pixs

U.S. rail intermodal traffic fell 0.3% last week over the same week a year ago, the Association of American Railroads said.

December 14, 2012
Business, Logistics

Kansas City Southern’s 3Q Income Falls

Kansas City Southern’s third-quarter income fell to $91 million, or 83 cents a share, from $100 million, or 91 cents, a year ago.

October 19, 2012
Business, Logistics

Union Pacific’s 3Q Income Rises, CSX’s Slips

Two of the largest U.S. freight railroads reported third-quarter results, with intermodal revenue rising at both companies.

October 18, 2012
Business, Logistics

Norfolk Southern’s 2Q Profit Drops

Norfolk Southern Corp. said its second-quarter profit dropped 6%, but income from railway operations rose 7% to $934 million.

July 25, 2012
Business, Logistics

Union Pacific’s 2Q Earnings Rise 28%

TT File Photo

Union Pacific Corp. said Thursday its second-quarter profit rose 28% to $1 billion, or $2.10 a share, from $785 million, or $1.59, a year ago.

July 19, 2012
Business, Logistics

Canadian Pacific Resumes Operations as Strike Ends

Canadian Pacific Railway resumed operations Friday morning after a week-long strike, Reuters reported.

June 1, 2012
Business, Logistics

CP Railroad Strike Likely to Continue Through Friday

Tom Biery/Trans Pixs

A strike at Canadian Pacific Railway will continue at least until Friday, due to passage by Canada’s opposition Liberal party to delay passage of back-to-work legislation, Reuters reported.

May 30, 2012

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