Rail News

RailAmerica this week announced the acquisition of a Michigan short-line railroad, a Northeast short-line railroad and a transload operator for $58 million.

The opening of an intermodal rail container transfer facility at the Port of Everglades came closer to fruition after a county board of commissioners approved a 30-year deal with the Florida East Coas

Fesco booked double-digit growth across its ocean container, rail, port terminal and intermodal units in 2011 as it benefited from soaring transport demand in a strengthening Russian economy.

Eurotunnel, the operator of the subsea tunnel between France and the U.K., booked double-digit growth in rail freight and truck traffic in 2011, driven by new services and the collapse of a French fer

Union Pacific Railroad’s pricing leverage may have been strong last year, but it’s due to get even stronger in 2012.

Hub Group expects a “transformational year” for the intermodal industry as Eastern rail network expansion boosts intermodal volumes, company officials said.

Rising inventories and consumer spending caused U.S. gross domestic product to expand at a 2.8 percent annual rate in the fourth quarter, the fastest growth in a year and a half.

Higher rates and volumes boosted fourth-quarter net profit 25.4 percent to $72.6 million at J.B. Hunt Transport Services, the nation’s largest intermodal trucker.

The time to switch the tracks and prevent Canadian Pacific Railway from barreling toward a proxy fight is over.

Canadian Pacific Railway saw fourth-quarter profit rise 19 percent year-over-year to $221 million, but the railroad’s operating ratio worsened as management faces pressure from an activist inves

Ground transportation rates paid by Canadian shippers rose 1.6 percent month-to-month in November, the ninth straight monthly increase since March2011.

Canadian National Railway’s profit in the fourth quarter rose 17.7 percent year-over-year to $584 million, as revenue jumped 12 percent to a record $2.3 billion on stronger pricing and freight t

Higher intermodal, coal and general merchandise volumes helped Norfolk Southern increase net profit 19 percent to $480 million in the fourth on $2.8 billion in sales.

Kansas City Southern Railway saw fourth-quarter profit skyrocketed 84.6 percent year-over-year to $95.6 million, as the railroad’s 11 percent jump in revenue set quarterly and annual records.

Far East Land Bridge will launch a new rail service in March linking Europe to the thriving manufacturing center of Chongqing in central China.

CSX Transportation extended its strong pricing power into the fourth quarter, giving the freight railroad a $457 million net profit to close a year that saw earnings grow strongly despite diminishing

Canadian Pacific Railway signed a 10-year agreement this week with Canpotex to haul the majority of the major potash exporter’s shipments to a terminal in Vancouver.

Russia’s port of Vladivostok grew container traffic 27 percent in 2011 from a year ago, boosting the Far Eastern gateway’s share of Russian container shipments at the expense of its flat l

At Florida East Coast Railway, the fastest-growing business is trucking.

There’s nothing like the threat of “nuclear winter” to spur Canadian Pacific Railway to become more profitable faster than planned.

Locomotive maker GE Transportation, part of General Electric, increased revenue 45 percent in 2011 to $4.9 billion on rising demand for equipment and services.

Intermodal volume hauled by major U.S. railroads surged 7.4 percent year-over-year in the week ending Jan.

Union Pacific raised its net profit nearly 18 percent in 2011 to $3.3 billion on a 15 percent year-over-year increase in operating revenue to $19.6 billion.

Rail equipment provider GATX is showing strong confidence in the U.S.

Canadian Pacific Railway, demonstrating a drive to increase profitability while beset by a proxy war, will spend up to $1.2 billion on capital improvements over the next several years.

Trucking giant Schneider National and CSX Transportation signed a multiyear contract expanding their intermodal partnership in the Eastern U.S.

Several decades ago, U.S.

The Federal Maritime Commission has cautiously cleared the way for truckers, shippers and others to participate in co-op equipment pools of Consolidated Chassis Management, a company controlled by 20

Intermodal volume for major U.S. railroads fell 9.3 percent year-over-year in the week ending Jan.

Short-line rail operator Genesee & Wyoming increased carloads 7.9 percent year-over-year in the fourth quarter, although traffic in December was up only 0.6 percent compared with December 2010, th

Rail services linking Asia and Europe are set to boom as shippers take advantage of an operation that is faster than ocean shipping and cheaper than air delivery, rail operators say.

Musket Corp.

The amount of freight carried by the for-hire transportation industry rose 0.1 percent in November from October, the Transportation Department said.

Norfolk Southern Railway is positioned to gain more than 150,000 carloads of annual business from nearly $9.5 billion in facility investment made by shippers, particularly coal customers, near the rai

An activist hedge fund investor said he will wage a proxy battle to replace the top leadership of Canadian Pacific Railway after the railroad's directors rejected his attempt to tap a former Canadian

CSX Transportation stands to gain more than $230 million in annual

Canadian Pacific Railway directors unanimously rejected the push by an activist hedge fund investor to replace the company’s CEO with the former chief of rival Canadian National Railway.

Coal exports may account for less than 10 percent of U.S. production, but strong demand from overseas buyers proved critical for domestic mining companies facing weak utility markets in 2011.

Economic growth was disappointing in 2011 and a strong rebound is unlikely in 2012, but North America’s railroads will continue to outperform the overall economy, especially in the intermodal se

When Canadian National Railway announced in August it was expanding a lumber transload facility at Prince George, British Columbia, it marked one of the few events in the past four years with a hint o