Rail News

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.

NefteTransService is preparing an initial public offering in London that is expected to value the Russian rail freight company at around $2 billion.

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.

Russian intermodal company TransContainer reported its rail container volume in the fourth quarter of 2012 was about 381,400 20-foot-equivalent units, increasing 5.4 percent from about 362,000 TEUs in the same quarter of 2011.

The Port of Los Angeles broke ground Wednesday on the West Basin Rail Yard project that will serve as a staging yard for railcars and free up land for construction of an on-dock intermodal transfer yard at the TraPac terminal.

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.

Indian Railways reported freight traffic from April to December 2012 was 735.1 million metric tons, increasing 4.5 percent from 703.8 million metric tons during the same period in 2011.

The Intermodal Association of North America’s board of directors has elected Barry D. Michaels, Union Pacific Railroad Company’s vice president of intermodal operations, as chairman.

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.

U.S. intermodal volume fell for the second week straight, dropping 8 percent year-over-year in the week ending Jan. 5, according to the Association of American Railroads.

After a seesaw year in which freight rates bounded up and down like a yo-yo, shippers and carriers alike are looking for stability and predictability in their businesses.

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...

From labor battles to natural disasters, 2012 was filled with risk for shippers and the companies moving and managing their cargo. Here are the stories that defined the year.

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.

Fast food chain Jack in the Box is moving more of its freight via 53-foot containers on intermodal trains.

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.

French competition regulators fined SNCF, the state-owned rail company, 61 million euros ($80.5 million) for preventing new companies from entering the freight market following liberalization in 2006.

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...

Russian intermodal container transportation company TransContainer reported rail container volume in the first nine months of 2012 was 1.1 million 20-foot-equivalent units, rising 10.2 percent year-over-year.

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.