Rail News

Major freight railroads trimmed 424 jobs from mid-June to mid-July, the second overall cutback in the Class I workforce this year.

Swift Transportation, the largest U.S. truckload carrier, is expanding its container business with a cross-border intermodal service linking the U.S. and Mexico.

With a $150 million investment in Express-1 Expedited Solutions awaiting shareholder approval, “career CEO” Bradley S.

RailAmerica said 34 of its customers in the first half of the year announced plans to build, expand or reopen facilities, generating more than 25,000 annual carloads for the short line operator within

Canada National and Canadian Pacific railways’ new and expanded transload centers for stuffing lumber, logs and other products into containers bound for Asia will help the ports at Vancouver and

The Department of Transportation’s payments to states for finished stimulus projects reached $30.4 billion as of Aug.

Ryder System says it plans to take more of the shipments it sends to trucks under the company's outsourced logistics operations and divert them to intermodal freight rail.

The Port of Montreal bought two more multiple-generator locomotives that burn less fuel and produce less carbon emissions than previous models.

Even as the U.S.

Caterpillar Chairman and CEO Doug Oberhelman called for U.S. policymakers to launch a strong infrastructure repair program to upgrade ports and domestic transportation networks.

U.S. retail sales rose 0.5 percent in July, and business inventories grew in June for the 18th straight month but at the slowest rate in more than a year, the Commerce Department said.

The head of heavy equipment manufacturer Caterpillar said his company is still hiring in August as demand continues to grow for its product line, although he worries about the economic outlook.

Shippers shifted freight from all-truck modes to intermodal at the fastest pace in years during the second quarter, according to a closely watched survey by the Wolfe Trahan research group.

Weaker coal traffic pushed rail carloadings down 6.8 percent in July at short line operator RailAmerica compared to the same month a year ago.

Canadian National Railway and China’s CNBM Forest Products Trading agreed to use a new CN facility in Vancouver, B.C., to transload Canadian lumber into China-bound containers starting this fall

The Transportation Department’s Freight Transportation Index rose 2.6 percent in June, the index’s largest month-to-month increase since November 2009.

Construction is under way on a major intermodal yard and locomotive refueling complex for Union Pacific Railroad at Santa Teresa, N.M., just inside the state border west of El Paso, Texas.

Midwest Railcar announced plans to expand its fleet by 2,400 cars, both new and used, by the end of 2012.

North American rail hauls of intermodal containers and trailers rose 6.5 percent in the second quarter from a year earlier, as domestic traffic gains outpaced those from marine boxes.

BNSF Railway is increasing its capital spending budget for 2011 by $300 million to $3.8 billion, as it repairs and improves its network damaged by Midwest floods and captures economic incentives.

BNSF Railway’s profit rose 14.4 percent in the second quarter from a year earlier to $690 million, as traffic grew only about 3 percent but per-unit receipts swelled 10.6 percent.

Transportation stocks took a deep dive on Wall Street on Monday, riding a huge selloff in response to the downgrading of U.S. debt that sent the Dow Jones Industrial Average down 635 points.

North American owners of railcars parked 707 more of them in July, as many categories of freight rail traffic slowed from June levels for most of the month and as flooding continued to hamper Midwest

Geoffrey Giovanetti has a favorite East Coast port gateway for seaborne imports of wine and spirits destined for the Midwest, but he generally leaves the choice of ports and the intermodal facilities

The first half of 2011 hasn’t been good for the Port of Virginia for reasons largely beyond its control.

NuStar Logistics and EOG Resources, an oil and gas company, jointly develop and own a facility at St.

North American rail shipments of intermodal containers and trailers threw off a slowdown in the final week of July, rising 3.4 percent to a new volume peak so far in 2011 of 301,393 units.

Freight traffic for most North American short lines increased 3.1 percent in the week ending July 30 from a week earlier, as intermodal and lumber loadings set new 2011 highs.

Railcar builders are finally seeing swelling order books after a long struggle out of recession, and are forecasting even better times ahead.

FreightCar America, an equipment builder that specializes in coal-hauling railcars, reported improved earnings for the second quarter but pointed to “mixed signals” about the pace of econo

Railcar builder Greenbrier said it has booked orders in June and July to build another 3,700 railcars valued around $285 million.

Transportation Secretary Ray LaHood said California, Illinois, Iowa, Michigan and Missouri will receive $336.2 million under to buy trains for passenger rail corridors in routes shared with freight ra

Canadian National Railway will spend $165 million to expand a freight yard in Gary, Ind., that it uses to build general freight trains, and to relocate a locomotive repair shop to there from Chicago.<

Short line railroad owner Genesee & Wyoming signed an agreement to buy Arizona Eastern Railway from Iowa Pacific Holding for $90.1 million in cash.

The value of goods transported by truck and rail between the U.S., Mexico and Canada rose 15.7 percent in May, the Bureau of Transportation Statistics said.

Railroad executives might not agree precisely on how much the economy is recovering from its springtime slump, but one thing was clear from the early returns on railroad earnings: They can price for h

An accord between President Obama and carmakers to sharply boost automobile fuel efficiency will drain tens of billions of dollars from federal road funds, said the American Road & Transportation

Major railroads are seeing intermodal volume in July trail June peak levels by thousands of container and trailer hauls each week, amid a slowdown in boxed imports from Asia.

Railcar leasing giant GATX raised its outlook for this year on continued signs of strength in the rail freight market in North American and Europe, including higher utilization of its large equipment

Intermodal middleman Pacer International&rsquo;s profit tripled year-over-year in the second quarter despite shrinkage in top-line receipts, as the company transitions from wholesaling train space to