Government, Business, Technology, Equipment, Safety

BNSF, Amtrak Detail PTC Progress at House Hearing

Rep. David Price (D-N.C.), chairman of the transportation funding subpanel. Rep. David Price (D-N.C.), chairman of the transportation funding subpanel. (House Appropriations Subcommittee/YouTube)

Executives from BNSF Railway Co. and Amtrak assured federal lawmakers of their firms’ adherence to congressionally mandated requirements regarding automatic braking technology.

Eugene Mulero | Staff Reporter
March 12, 2019
Business, Logistics

SteelRiver Infrastructure Looking to Sell Patriot Rail

Railroad tracks Getty Images

SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.

Gillian Tan | Bloomberg News
February 12, 2019
Business, Technology, Logistics

TorQuest Partners Invests in Cando Rail

TorQuest Partners, a Toronto-based midmarket private equity firm, has invested in Cando Rail Services Ltd. of Brandon, Manitoba.

Transport Topics
November 13, 2018
Government, Business, Logistics

Senate Considers Presidential Nominees for Surface Transportation Board

CSX train TT file photo

The Senate Committee on Commerce, Science and Transportation is one step closer to doubling the number of members who sit on the Surface Transportation Board. The committee convened a hearing April 11 to consider Patrick Fuchs and Michelle Schultz to serve as members of the board.

Eleanor Lamb | Staff Reporter
April 11, 2018

Railroads Must Modernize, Industry Consultant Says

Container Train Steve Crise

The Class I railroads have rebounded in 2017, but volumes remain far below what they were decades ago, and if the industry hopes to return to its heyday, executives must re-examine how to offer 21st century solutions, according to a rail consultant.

Ari Ashe | Staff Reporter
November 30, 2017

Norfolk Southern's Third-Quarter Earnings Strong

Northfolk Southern third-quarter earnings surge VDOT/Flickr

Railroad freight earnings were mixed in the third quarter, with Norfolk Southern Corp. recording stronger earnings but Canadian National Co. slipping slightly, in announcements Oct. 24 and Oct. 25.

Ari Ashe | Staff Reporter
October 25, 2017

Editorial: Market Forces at Work

Watching markets function would not make for a good spectator sport on TV, but the process does have its charms and we recommend it highly — especially when freight transportation is involved.

August 10, 2017

Norfolk Southern Profits Surge 23%, Completing Red-Hot Second-Quarter Rail Results

Norfolk Southern train Emmett Tullos/Flickr

Norfolk Southern Corp. completed a red-hot second quarter for rail freight carriers, posting a 23% increase in profits and a 15% increase in operating income reversing a lackluster year in 2016.

Ari Ashe | Staff Reporter
July 26, 2017

CSX Doubles Down on North Carolina Intermodal Investments

CSX train Emmett Tullos/Flickr

Intermodal service is set for the Port of Wilmington, N.C., with daily CSX service to Charlotte. The first double-stack trains are due to begin operating July 28.

Transport Topics
July 21, 2017

Kansas City Southern Profits Up Nearly 12%, Continuing Streak of Wins for Rail

Kansas City Southern train Kansas City Southern's profit grew 11.9%

Kansas City Southern continued the red-hot results from railroad freight carriers in the second quarter, with its profit growing 11.9%, slightly beating the consensus analyst forecast.

Ari Ashe | Staff Reporter
July 21, 2017