Top Story in Rail
Shippers argue consolidation within the industry make it tough to force the kind of deal-making that leads to lower prices due to four railroads carrying 90 percent of America’s freight traffic.
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From a supply chain and logistics perspective, the most interesting part of this budget is the proposed six-year, $556 billion surface transportation and reauthorization proposal. (February 14, 2011)
Legislation recently introduced by Senator Kay Bailey Hutchison (R-Texas) vows to reform the Positive Train Control (PTC) regulatory mandate to reduce compliance costs and maintain a safe rail system. (February 10, 2011)
Rail volumes in January were up compared to the same period in 2010, according to data released by the Association of American Railroads (AAR). (February 10, 2011)
Railroad traffic for the week ending January 22 was up again on an annual basis, according to data released by the Association of American Railroads (AAR). (February 04, 2011)
Legislation calling to increase competition in the railroad industry was recently introduced by Senators Jay Rockefeller (D-WV) and Kay Bailey Hutchison (R-TX). (February 02, 2011)
Carload volume at 282,837 was up 1.5 percent compared to the corresponding week last year. This is nearly identical with the week ending January 15, which hit 282,987 carloads. (January 28, 2011)
In what ostensibly has become an annual piece of legislation, a bill designed to remove antitrust exemptions currently granted to the railroad industry was introduced this week.
(January 28, 2011)
Following through on excellent momentum through the first three quarters of 2010, it was hardly surprising that CSX announced record fourth quarter and full-year 2010 earnings this week. (January 25, 2011)
Pricing across the transportation modes (January 24, 2011)
In the latest example of how strong the freight railroad business is, Class I carrier Union Pacific announced today that fourth quarter and full-year earnings were up 44 percent at $1.56 per share and 48 percent at $5.53 per share, respectively, year-over-year. (January 20, 2011)
In the last few days trains have begun rolling in and out of Class I railroad carrier Union Pacific’s 785-acre Joliet, Illinois Intermodal Terminal. (August 05, 2010)
Canadian National Railway and TSI Terminal Systems recently announced they have taken the next step and signed a Service Level Agreement, following a Memorandum of Understanding inked in June in an effort to draw greater volumes and enhanced service levels for shippers at Port Metro Vancouver. (August 03, 2010)
More good news surfaced in the domestic rail sector yesterday as Norfolk Southern Corporation reported second-quarter 2010 net income earnings. (July 28, 2010)
Weekly carload volumes—at 282,199—were up 3.5 percent compared to 2009 and down 13.8 percent compared to 2008. (July 23, 2010)
Railroad volumes for the week ending July 10 were down year-over-year and compared to 2008, according to the Association of American Railroads (AAR).
(July 16, 2010)