Rail News

Investor Warren Buffett said his Berkshire Hathaway firm has moved quickly to shed its holdings in railroads other than BNSF Railway, which it plans to buy out for $26 billion.

Having redrawn its business model over the years, J.B. Hunt Transport Services now appears intent on redrawing the nation’s intermodal map.

Whatever the outcome of the rail reform bill being drafted in the Senate, it is unlikely to strip railroads of their limited antitrust immunity, according to a key Republican senator.

Intermodal marketing companies, middleman firms that arrange either all-highway or combined rail-truck shipments for clients such as factories or retail stores, used trains for a greater share of thei

Despite all the talk that weak intermodal volumes this year meant there was not really a normal “peak,” the major industry group that tracks shipments says traffic actually rose this fall

Shippers and carriers expect there will be sufficient capacity in the domestic transportation system to handle the modest growth in traffic that will occur in the coming year, but eventually there wil

Smaller logistics operators and freight brokers outperformed their larger counterparts in the third quarter, but a less-than-robust recovery is squeezing profit margins at all 3PLs, said the Transport

Small North American railroads picked up more tankcar loads of chemicals last week than at the end of October and enjoyed a sizable gain in coal loadings, for a gain in overall traffic in the latest R

Total intermodal volume in the United States and Canada during the third quarter fell 16.4 percent compared with the same period last year, to 2,995,043 units, the Intermodal Association of North Amer

Bulk railcar loadings slipped while intermodal traffic picked up in the latest week for major railroads operating in the United States.

Freight railcar and barge builder Greenbrier posted a $6.7 million profit in the June-August period that was its fiscal fourth quarter, for its best result of the past year even though net income was

The output of the freight transportation industry declined 0.5 percent in September from August, blunting a three-month long recovery, according to a report Thursday from the U.S.

Reporting quarterly earnings for the first time since it went public with a new stock offering last month, short line railroad operator RailAmerica posted a 21 percent increase in profit to $3.5 milli

West Coast port directors and executives from the two Class I western railroads meeting in China cited their region's deep-water ports and extensive ocean and intermodal rail services as reasons why t

The rail reform bill being prepared for the Senate Commerce, Science and Transportation Committee is unlikely to strip railroads of their limited antitrust immunity, said a key Republican senator.

The planned purchased of BNSF Railway by Warren Buffett’s Berkshire Hathaway will not trigger a special compensation package for the railroad’s CEO, who plans to stay aboard and has offici

Before it completes its deal to buy out the rest of BNSF Railway, Warren Buffett’s Berkshire Hathaway will divest its shares of Union Pacific Railroad and Norfolk Southern Railway.

The first two of GE Transportation’s PowerHaul locomotives have arrived in the United Kingdom for the Freightliner Group freight rail line, marking GE’s first entry to European markets wit

With an audacious business deal, the most legendary investor in the United States and perhaps the most visionary leader of North American railroads could change the freight industry for a generation t

Trinity Industries has some wind at its back, pushing North America’s largest railcar maker and a major supplier of wind energy towers and barges into profitability.

Asking for changes to the controversial approval of a key rail merger, Chicago suburbs and the Illinois Department of Transportation managed to get a split decision out of the Surface Transportation B

Rail industry officials are generating plenty of heat over potential proposals in Congress to reshape railroad regulation as they wait for a key Senate panel to offer the legislation.

The intermodal industry is carrying its share of recession-based pain, but it could make strong gains when the economic recovery gains momentum.

Bruce J. Carlton took charge at the National Industrial Transportation League just as the economy began its worst contraction in decades.

Kansas City Southern, smallest of the seven Class I railroads, saw net profit fall 47 percent from a year earlier to $25.8 million in the third quarter.

Pacer International is hoping its new agreement with the Union Pacific Railroad solidifies the company’s long-term business, but it may have a more immediate impact on the broader U.S.

The head of BNSF Railway said he has shopped the planned acquisition by Warren Buffett’s Berkshire Hathaway among U.S. policymakers in Washington, D.C., and gotten a favorable response.

Days after its deal to become a unit of Warren Buffett’s Berkshire Hathaway holding company, BNSF Railway said it forged a tentative multi-year labor contract agreement with its train engineers.

Profit at rail equipment maker FreightCar America fell 89 percent from a year earlier to $1.1 million in the July-September period as sales fell 77 percent to $55 million.

Trucking and intermodal shipment operator J. B.

New loadings of bulk railcar traffic declined mildly in the final week of October at major U.S.

Credit risk evaluator Fitch Ratings warned it may cut Berkshire Hathaway’s debt ratings over its $26 billion buyout of BNSF Railway.

The largest customer for railcar builder American Railcar Industries is now bankrupt, but ARI says it believes the equipment finance operations of CIT Group will continue as normal while the fleet own

Freight railcar builder American Railcar Industries saw third-quarter profit fall 85 percent from a year earlier to $1.1 million, as sales dropped 64 percent to nearly $79 million.

Freight traffic slid 2.2 percent in the latest week at small North American railroads measured by the RMI RailConnect index.

A purchase of U.S. freight rail giant BNSF Railway by Warren Buffett’s Berkshire Hathaway could lead Standard & Poor's Ratings Services to upgrade its assessment of BNSF debt.

Pacer International, seeking to settle a contracting issue central to the company’s intermodal business, announced Tuesday it reached a multi-year agreement with Union Pacific Railroad for new r

International short line operator Genesee & Wyoming earned a profit of $21.7 million in the third quarter, just 2 percent higher than in the same period a year ago.

The planned purchase of BNSF Railway by Berkshire Hathaway underscores the value of railroads generally, according to Wall Street analysts.

The Clorox Co. says it will stop using chlorine in its signature bleach product because of growing concerns over the safety and oversight of transporting the product on railroads.