North-American rail

In the week ending Jan. 26, intermodal volume rose 1.6 percent year-over-year to 238,397 trailers and containers, according to the Association of American Railroads.

Pittsburg, Kan.-based Watco Railroad Company Holdings has purchased Ann Arbor Railroad.

Class I rail carrier Canadian Pacific Railway reported profit in the fourth quarter of 2012 was C$15 million (about US$14.9 million), plummeting 93 percent from $219.9 million in the fourth quarter of 2011.

CSX will build a new 89-acre, $100 million intermodal rail terminal in the Perron Industrial Park in Salaberry-de-Valleyfield, Quebec...

Jacksonville, Fla.-based class I railroad CSX Transportation, the main subsidiary of CSX Corporation, in collaboration with the Commonwealth of Massachusetts, has opened New England’s first double-stack cleared intermodal route...

In the week ending Jan. 19, U.S. intermodal volume rose 13.5 percent year-over-year to 249,397 trailers and containers, according to the Association of American Railroads.

U.S. shippers that fail to understand the booming Mexican economy risk losing out on tapping a new market and paying too much for cross-border transportation, said a Kansas City Southern Railway executive Thursday.

Railcar lessor GATX today reported income in the fourth quarter of 2012 was $29.7 million, dropping 6 percent from $31.6 million in the fourth quarter of 2011.

The trucking industry may be rolling toward a "pricing renaissance" of its own, as rising operating costs and tight capacity push truck rates higher.

Omaha, Neb.-based Union Pacific Railroad reported profit in the fourth quarter of 2012 was $1 billion, compared with $964 million in the fourth quarter of 2011.

Jacksonville, Fla.-based Class I railroad CSX today reported its income in the fourth quarter of 2012 was $443 million, falling 3.1 percent compared with $457 million in the fourth quarter of 2011.

Canadian National Railway today reported its income in the fourth quarter of 2012 was $610 million (about US$613.8 million), increasing 3 percent from $595.7 million in the fourth quarter of 2011.

Kansas City Southern reported income in the fourth quarter of 2012 was $91.8 million, dropping from $95.6 million in the fourth quarter of 2011.

Jacksonville, Fla.-based class I railroad CSX today announced a $26 million project to expand track on its River Line between northern New Jersey and the Albany, N.Y., region.

Freight rail system Florida East Coast Railway today appointed Francis J. Chinnici as senior vice president of engineering and purchasing.

In the week ending Jan. 12, U.S. intermodal volume rose 10.4 percent year-over-year to 252,896 trailers and containers, according to the Association of American Railroads.

Jacksonville, Fla-based rail and intermodal company CSX has appointed Andrew Glassman as vice president of operations finance.

Canadian National Railway, a Class I railroad, will construct an intermodal ramp at its freight yard in Joliet, Ill., to offer importers and exporters access to distribution centers in the Chicago metropolitan area.

The U.S. Department of Labor’s Occupational Safety and Health Administration has signed an agreement with Fort Worth, Texas-based BNSF Railway announcing BNSF’s voluntary revision of several personnel policies.

Canadian National Railway’s plan to build an intermodal terminal in Indianapolis with the Indiana Rail Road Company fits into the former’s broader effort to give shippers using its top Asian gateways access to new markets.

Canadian Pacific today opened its new Regina Intermodal Facility, replacing the now-closed Regina Intermodal Yard.

Class I railroad Canadian National Railway today launched operations at its new intermodal terminal at Calgary Logistics Parkin Conrich, Alberta.

Lake Oswego, Ore.-based railroad equipment supplier The Greenbrier Companies recently reported profit in the first quarter of fiscal year 2013, ending Nov. 30, 2012, was $10.4 million, increasing 40.5 percent...

The New York Susquehanna & Western Railroad Corporation has received contract approval for more than $900,000 from the New York State Department of Transportation to construct a multimodal rail terminal in Cortland...

The Massena Terminal Railroad Company in St. Lawrence County, N.Y., has signed a contract for the main line track and bridge rehabilitation project...

Intermodal container lessor Textainer Group Holdings has acquired about 24,000 20-foot-equivalent units of standard dry freight containers from its managed fleet for approximately $32.6 million.

Class I railroad Canadian National Railway has completed the merger of the Elgin, Joliet and Eastern Railway Company into its Wisconsin Central subsidiary.

Watco Railroad Company Holdings has reached a definitive agreement to acquire the stock of Ann Arbor Railroad.

Short-line and regional railroad company Genesee & Wyoming said Thursday that the U.S. Surface Transportation Board has approved its application to control RailAmerica and that company’s railroads, effective Dec. 28, 2012.

Railcar maker The Greenbrier Companies’ advisors have engaged in discussions with Carl Icahn and his associates regarding an acquisition of Greenbrier by American Railcar Industries...

American Railcar Industries, a railroad freight car manufacturing and repair company controlled by investor Carl Icahn, has offered to buy The Greenbrier Cos., which also makes and refurbishes railroad freight cars...

The U.S. government forecast is far from robust, but railroads would welcome any improvement, or even stabilization.

The Florida East Coast Railway has signed a joint marketing agreement with Port Everglades to promote its new 42.5-acre intermodal container transfer facility in South Florida.

Intermodal shippers tapping the two major Canadian railroads can look forward to better service — and likely more competitive pricing on lanes in which the carriers compete — in 2013.