Executives from BNSF Railway Co. and Amtrak assured federal lawmakers of their firms’ adherence to congressionally mandated requirements regarding automatic braking technology.
March 12, 2019railroads
Government, Business, Technology, Equipment, Safety
Rep. David Price (D-N.C.), chairman of the transportation funding subpanel. (House Appropriations Subcommittee/YouTube)
BNSF, Amtrak Detail PTC Progress at House Hearing
Rep. David Price (D-N.C.), chairman of the transportation funding subpanel. (House Appropriations Subcommittee/YouTube)
Business, Logistics
Getty Images
SteelRiver Infrastructure Looking to Sell Patriot Rail
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.
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.
November 13, 2018
Government, Business, Logistics
TT file photo
Senate Considers Presidential Nominees for Surface Transportation Board
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.
April 11, 2018
Business
Steve Crise
Railroads Must Modernize, Industry Consultant Says
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.
November 30, 2017
Business
VDOT/Flickr
Norfolk Southern's Third-Quarter Earnings Strong
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.
October 25, 2017
Editorial
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
Business
Emmett Tullos/Flickr
Norfolk Southern Profits Surge 23%, Completing Red-Hot Second-Quarter Rail Results
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.
July 26, 2017
Business
Emmett Tullos/Flickr
CSX Doubles Down on North Carolina Intermodal Investments
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.
July 21, 2017
Business
Kansas City Southern's profit grew 11.9%
Kansas City Southern Profits Up Nearly 12%, Continuing Streak of Wins for Rail
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.
July 21, 2017