North-American rail

Just as Class I railroads announce service has finally recovered to 2013 levels, harsh winter weather is testing their improved train speeds and dwell times.

CSX Transportation forecasts flat intermodal growth in the first quarter, as the loss of international intermodal business to Norfolk Southern Railway is expected to offset domestic volume increases gained from highway conversions and a key customer shifting loads away from its U.S. Eastern rail archrival.

Canadian Pacific and Norfolk Southern railways clashed again over a proposed merger, with the former making another case for consolidation and the latter showing off again how it’s boosting efficiency independently by combining operations.

With weaker carload volume due to lagging industrial and energy sectors and intermodal revenue despite volume growth, CSX Transportation’s release of its fourth quarter earnings Tuesday sent a warning to the Class I industry.

Bill Clement, head of CSX Transportation’s intermodal business, will be leaving the company, as part of a second wave of management changes.

Shovels could be in the ground on Canadian National Railway’s planned $196 million intermodal and logistics hub outside of Toronto as soon as 2017. That is, if a recently submitted environmental impact statement passes muster with Canada’s Environmental Assessment Agency.

Kansas City Southern Railway says it remains “cautious” heading into 2016, after a soft market contributed to a rocky 2015 and promises to do the same in the new year.

If an uncertain global economy wasn’t enough for shippers and transportation providers, 2016 will be filled with major changes, from the massive container shipping weight mandate to liner consolidation. Other threats and opportunities will likely emerge during the year, but the 10 trends outlined here will definitely be in play and impact global supply chains. Don’t say we didn’t warn you.

U.S. freight rail traffic was down 9.7 percent year-over-year in the week ending Dec. 26 as a double-digit drop in carload traffic offset a 1.6 percent gain in intermodal volume, the Association of American Railroads reported.

U.S. domestic intermodal spot rates continue to fall thanks to plentiful capacity aided by mild weather and weak demand, according to third-party logistics provider IDS.

Japan’s Sumitomo Mitsui Trust Bank Ltd. will indirectly acquire half of Illinois-based Midwest Railcar Corp., making inroads into the increasingly lucrative U.S. freight railcar leasing market.

Canadian Pacific Railway got a lump of coal in its stocking days before Christmas after Norfolk Southern Railway said Wednesday it had rejected a third buyout bid.

U.S. and Canadian rail regulators will be getting an earful from shippers on either side of the border if a proposed Canadian Pacific and Norfolk Southern railway merger goes through.

Canadian Pacific Railway said its acquisition of Norfolk Southern Railway would improve fluidity through Chicago, but doubts remain whether a tie would do much to free up bottlenecks at the top U.S. freight hub — even if the deal gives CP control of a key belt railroad in the area.

Canadian Pacific Railway’s attempt to takeover Norfolk Southern Railway has already raised alarm with a group of Illinois lawmakers and prompted a pointed response from the Canadian railroad.

A proxy war has been all but declared, analysts say, after Canadian Pacific Railway announced Wednesday it had upped its hostile bid for Norfolk Southern Railway by some $3.4 billion.

With expectations that Canadian Pacific Railway is about to launch a proxy fight for control of Norfolk Southern Railway, the Calgary-based railroad’s recent response to an NS white paper is the latest attempt to convince investors to give the deal yet another look at its pitch.

BNSF Railway is flirting with the idea of a potential CSX Transportation or Norfolk Southern Railway acquisition as Canadian Pacific aims to acquire the latter railroad, potentially setting off a wave of consolidation in the Class I industry.

U.S. lawmakers are expected to pass an overhaul of the Surface Transportation Board, giving the nation’s main freight rail regulator more teeth to crackdown on service issues and boost competition in the industry.

Norfolk Southern Railway’s second rejection of a takeover bid from Canadian Pacific has ignited talk of a potential hostile takeover — something the Class I railroad industry has never seen and is unlikely to occur, according to an intermodal analyst.

At least two Class I railroads are cracking down on how long shippers can keep their containers and trailers at intermodal terminals via shorter free-time windows — and one of the railways has hiked storage fees — in an effort to improve network velocity.

Norfolk Southern Railway has rejected an unsolicited takeover bid from Canadian Pacific Railway after the NS board said the $28 billion takeover bid undervalued the company’s stock and the potential regulatory hurdles would threaten business operations.

From a near-meltdown at U.S. West Coast ports to a wave of mergers and acquisitions, with hints of more in the container line industry, 2015 has been full of plenty of surprises.

A decision on whether BNSF Railway will be allowed to build an intermodal container transfer facility considered crucial to growth at the ports of Los Angeles and Long Beach could be made next spring.

Canadian Pacific Railway CEO Hunter Harrison said he’s willing to reevaluate and raise his company’s $28 billion takeover bid for Norfolk Southern Railway — if only executives at the Virginia-based railroad would open a line of communication.

Tuesday’s proposed merger of Canadian Pacific and Norfolk Southern railways raises the question of whether the Class I railroad industry will be swept up in the wave of consolidation hitting the third-party logistics, parcel, and perhaps, even, the container shipping industries.

Canadian Pacific Railway is reportedly gearing up to make a play for Norfolk Southern Railway in a new effort to consolidate the North American rail industry just 13 months after a similar bid for NS archrival, CSX Transportation, fell flat.

BNSF Railway's intermodal volume growth accelerated in the third quarter as the western railroad said strong service and normalizing trade patterns bumped up volume and in turn helped boost net income and revenue.

For the first time in nearly a year, more U.S. shippers say they are shifting freight from truck to rail than the other way around on improved intermodal service, according to a survey of roughly 600 shippers.

Canadian National Railway beat expectations and “a tough volume environment” in the third quarter, executives said, as profits surged on strong domestic and overseas intermodal demand.

A one-two punch of falling intermodal volume and weakness in the coal market hit Norfolk Southern Railway hard in the third quarter, prompting railroad executives to downplay expectations for the rest of the year.

The U.S. House of Representatives Tuesday approved a three-year deadline extension for U.S. railroads to install new safety technology, avoiding a catastrophe that railroads have said would cripple the network fluidity intermodal shippers depend on.

CSX Transportation will launch a new domestic intermodal rail service next week connecting the Ohio Valley to Pennsylvania and Texas in a bid to compete directly with the railway’s over-the-road competitors.

Months after the protracted labor negotiations that disrupted port operations on the U.S. West Coast came to an end, Union Pacific Railroad said West Coast diversions were still taking a toll on intermodal volume in the third quarter.

Kansas City Southern Railway said less-than-par intermodal service is turning a corner after reliability cost the railroad volume in the third quarter.

Canadian Pacific Railway’s domestic intermodal push seems to have lost its steam.

Falling intermodal volumes contributed to another weak quarter for Kansas City Southern Railway.

After more than a decade, nearly $4 billion worth of infrastructure improvements in Chicago are nearly complete. City, state and industry leaders say they are working, helping the city shake its reputation as the nation’s longtime transportation bottleneck.

CSX Transportation won back cargo lost to over-the-road competitors and made modest intermodal gains in the third quarter, but it was still not enough to stem the flow of money out of the company.

There isn’t much to Rossville, Tennessee, in the far eastern reaches of metropolitan Memphis: rolling farmland, stretches of highway and a Norfolk Southern Railway terminal.