Senate Considers Presidential Nominees for Surface Transportation Board
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.
Railroads Must Modernize, Industry Consultant Says
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.
Norfolk Southern's Third-Quarter Earnings Strong
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.
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, 2017Norfolk Southern Profits Surge 23%, Completing Red-Hot Second-Quarter Rail Results
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.
CSX Doubles Down on North Carolina Intermodal Investments
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, 2017Kansas City Southern Profits Up Nearly 12%, Continuing Streak of Wins for Rail
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.
Intermodal Operators Expand in E-Commerce as Online Retailers Seek to Control Costs
Intermodal rail and trucking companies are competing to meet the transportation needs of e-commerce businesses while adapting to how these new supply chains differ from those of traditional brick-and-mortar retailers.