rail News Updates

Business, Logistics

Union Pacific’s 1Q Income Rises 24%

Freight rail line Union Pacific Corp. said Wednesday its first-quarter profit rose 24% from a year ago on higher volume.

April 20, 2011
Business, Logistics

February Trailer Orders Double as Aging Equipment Is Replaced

Building on a surge of replacement demand that began last year, trailer manufacturers received orders for 21,990 new units in February — a 105% year-over-year increase.

April 4, 2011
Business, Logistics

Trailer Bridge Reports Fourth-Quarter Loss

Trailer Bridge Inc. reported a fourth-quarter loss of $2.9 million, or 24 cents per share, compared with a profit of $1 million, or 8 cents, a year ago.

April 1, 2011
Business, Logistics

Supreme Court Orders New Review of CSX Challenge to Alabama Fuel Tax

The U.S. Supreme Court last week directed a lower court to reconsider a claim by freight railroad CSX Transportation Inc. that the Alabama fuel tax it pays is discriminatory because truckers are exempt from the same tax.

February 28, 2011
Business, Logistics

Wabash Reports Fourth-Quarter Profit

Trailer manufacturer Wabash National Corp. reported a fourth-quarter operating profit compared with an operating loss a year ago, as new trailer shipments topped the high end of the company’s expectations.

February 9, 2011
Business, Logistics

Trailer Orders, Shipments Soar, Led by 417% Jump for Dry Vans

The freight-trailer industry rebounded sharply during 2010, with orders more than doubling to 166,500 and shipments rising 52% over 2009 to 119,900 units, ACT Research Co. reported.

February 7, 2011
Business, Logistics

Norfolk Southern’s 4Q Profit Improves

Norfolk Southern Corp.’s fourth-quarter and annual net income rose from the same periods a year earlier and it said it was boosting its quarterly dividend.

January 26, 2011
Business, Logistics

Canadian Pacific’s Profit Improves

Canadian freight railroad Canadian Pacific’s fourth-quarter net income increased 27.1% to C$185.8 million, or C$1.09 per share, from C$146.2 million, or 87 cents, a year earlier.

January 26, 2011
Business, Logistics

CN’s Profit Falls in 4Q, Grows in Year

Canadian National Railway Co. said its fourth-quarter net income fell 13.6% to C$503 million, or C$1.08 per share, from C$582 million or $1.23 per share, a year earlier.

January 25, 2011
Business, Logistics

CSX’s 4Q, Full-Year Earnings Jump on Higher Volume

CSX Corp. said Monday its fourth-quarter profit jumped 42% on higher shipments from auto manufacturers and other industrial shippers.

January 24, 2011