railroad News Updates

Business

Kansas 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.

July 21, 2017
Business

Rail Hot Streak Continues: Union Pacific Profits Up 19%, Beat Estimates

Freight rail carrier Union Pacific Corp. announced July 20 that profits jumped 19% in the second quarter after CSX Corp. and Canadian Pacific Railway posted strong gains earlier in the week.

July 20, 2017
BusinessLogistics

Analysis: CSX Profit Chugs Along, but Could Come at a Price

CSX Corp. investors who endorsed a massive pay package to bring railroad wunderkind Hunter Harrison on board as CEO are already seeing the payoff. The question is, at what cost?

July 19, 2017
BusinessEquipmentLogistics

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.

July 13, 2017
BusinessLogistics

Railroad 1Q Profits Increase on Rebound in Coal Shipping

All publicly traded freight railroads reported higher profits in the first quarter, led by a strong rebound in coal transportation from the doldrums of recent years and continued improvement in the intermodal sector.

May 1, 2017
TCA

Wabtec Earnings Fall on Slumping Freight Market

Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.

February 21, 2017
BusinessLogistics

Shippers Spur Competition Between Trucks, Railroads

Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.

November 28, 2016
TCA

Proposed Chicago Bypass Freight Railroad Could Have Capacity for 110 Trains a Day

A Great Lakes Basin Railroad forecast shows as many as 60 trains riding its rails daily through southern Lake and Porter counties in Indiana by its third year of operations, with that number declining to the low 50s and finally to 22 at the railroad's eastern terminus in LaPorte County.

November 16, 2016
TCA

Pinched by Fewer Energy Products, Rail Carriers Broadening Customers

This year will be another disappointing one for freight rail carriers hauling fewer carloads of coal and natural-gas drilling supplies through southwestern Pennsylvania.

November 15, 2016
BusinessLogistics

Railroads, Shippers Draw Battle Lines Over Proposed STB Rule

Railroads and shipper groups have sketched their strategy for a potentially historic Surface Transportation Board battle over the future of rail competition, with comments to the agency as well as taking steps to recruit allies.

November 2, 2016