North-American rail

The Teamsters Canada Rail Conference, Maintenance of Way Division, representing 2,600 track maintenance workers, and Canadian Pacific Railway today reached a tentative five-year contract settlement...

The Michigan Department of Transportation, Federal Railroad Administration and Norfolk Southern Railway have signed a sale agreement that transfers ownership of 135 miles of NS railroad to MDOT for $140 million.

Freight rail system Florida East Coast Railway has acquired 200 new 53-foot containers to expand its domestic business and replace older trailers.

Canadian Pacific Railway’s announcement this week of plans to trim its network and cut a quarter of its work force over the next four years is just the beginning of the changes coming down the tracks for the railroad.

Canadian Pacific Railway plans to run faster and longer trains, cut roughly 4,500 positions and possibly sell rail lines in the U.S.

Canadian Pacific Railway will move most of its head office from downtown Calgary in Alberta to office space in Ogden, as part of the company’s operational cost cutting...

Canadian Pacific and the International Brotherhood of Electrical Workers, System Council 11, today reached a tentative five-year labor agreement covering about 450 employees who maintain and install railway signals...

The major U.S. freight railroads are unlikely to face major regulation risks in the coming year.

Canadian National Railway recently announced a $500 million debt offering, expected to close on Nov. 20, comprising $250 million 2.25 percent notes due in 2022...

Class I railroad CSX Transportation, the main subsidiary of CSX Corporation, is offering temporary recovery service from mid-Atlantic ports to Northeast ports to keep freight moving along the eastern seaboard...

Container lessor Textainer Group today reported profit in the third quarter was $50.7 million, up 10.6 percent from $45.8 million in the third quarter of 2011.

RailAmerica, acquired by Genesee & Wyoming on Oct. 1, reported profit in the third quarter, ending Sept. 30, was $5.9 million, down 34.3 percent from last year’s third-quarter profit of $9.1 million.

Arc Terminals announced it is working with Canadian National Railway to build a crude-oil rail terminal in Mobile, Ala.

Short-line and regional freight railroad company Genesee & Wyoming today reported a net loss of $19.6 million in the third quarter, compared with net income of $32.9 million in the third quarter of 2011.

Union Pacific Railroad this week completed its second full unit train movement of grain products from a newly opened transload facility northeast of Los Angeles to container terminals at the ports of Los Angeles and Long Beach.

Class I rail carrier Canadian Pacific Railway today reported profit in the third quarter, ending Sept. 30, was C$224 million (about US$225.89 million)...

North American railroad Canada National Railway reported its third quarter profit was C$664 million (about US$668.8 million)...

Freight railroad company Kansas City Southern reported profit in the third quarter, ending Sept. 30, was $90.7 million, down 9.4 percent year-over-year from $100.1 million.

GATX reported profit of $53.8 million in the third quarter, ending Sept. 30, shooting up 63.5 percent year-over-year from $32.9 million.

Union Pacific Railroad today reported third quarter profit of over $1 billion, up 10.6 percent from 2011’s third quarter profit of $904 million.

CSX profit and revenue in the third quarter fell 2 percent year-over-year, driven by overall lower volume levels, a change in the mix of the transportation company’s business and lower fuel economy.

The two major Canadian railroads and shippers are on track for a clash over legislation regulating service agreements likely to be introduced in Ottawa this fall.

Freight rail company Genesee & Wyoming reported September traffic of 79,239 carloads, down 5.2 percent year-over-year.

Here's a good bet: Intermodal, automobile and domestic energy-related traffic will grow on U.S. railroads through the end of this year and in 2013.

Richardson International Ltd. plans to tap growing agriculture export markets by spending about $120 million to expand its port terminal facility in Vancouver.

Canadian Pacific Railway on Oct. 1 announced that Mike Franczak, executive vice president and COO, has resigned.

Short-line and regional railroad operator Genesee & Wyoming Inc. announced yesterday that it has completed the acquisition of RailAmerica, Inc.

Canadian National Railway is testing two locomotives fueled primarily by natural gas in northern Alberta, a major step in the railroad industry's determination of whether the alternative fuel is feasible.

Surface transportation trade between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, rose...

U.S. intermodal rail shipments rose 0.7 percent year-over-year in the week ending Sept. 22, while carload traffic fell 4.1 percent in the same period, according to the Association of American Railroads.