Rail News

Canadian Pacific Railway blamed severe flood disruptions for shrinking its second-quarter profit 23 percent to about $136 million (C$128 million), by curbing revenue growth and adding costs.

Second quarter profit powered ahead by 42 percent at Norfolk Southern Railway, continuing a pattern of strong earnings reports by major railroads despite tepid freight volume trends.

Norfolk Southern Railway is increasing its dividend 7.5 percent to 43 cents a share.

Railcar fleet leasing firm CIT Rail ordered 5,000 hopper and tank cars for about $475 million, with production to be split among “multiple manufacturers.”

Canadian National Railway’s second-quarter profit rose 8.2 percent before counting a charge for net deferred income tax, to $611 million (C$578 million), as it coped with weather problems from f

The U.S.

In its first full year of operations as a U.S. third-party logistics operator, Echo Global Logistics took in $33.2 million in gross revenue from 677 customers. That was 2006.

Some of the most up-to-date readings of the economy and detailed forecasts for where it&rsquo;s headed will appear this week and into early August, courtesy of major North American freight railroads.<

The seven largest freight railroads added 1,818 workers to their U.S. payrolls from mid-May to mid-June, the largest increase this year.

J.B.

Kansas City Southern, the smallest of North America&rsquo;s Class I railroads, saw profit leap by 104 percent in the second quarter from a year earlier to $70.7 million, as it held down cost increases

Freight volume for major North American railroads fell 0.3 percent in the week ending July 16 compared to the same week a year ago, keeping business for the railroads below recent peaks for both bulk

The U.S.

Short line railroads surveyed by RMI&rsquo;s RailConnect report had their strongest loadings of ore for all of 2011 in the week ending July 16, an indication of increased demand from factories and met

The CEO of Union Pacific Railroad says uncertainty among rail customers about the economy&rsquo;s direction makes it hard to predict, even as he expects a freight traffic pickup in the second half of

Union Pacific Railroad reported a record profit of $785 million in the second quarter, a 10 percent year-over-year increase, as strong pricing offset modest freight traffic growth and $14 million in s

Norfolk Southern Railway in just eight days began and finished $16.2 million in upgrades to a southwestern Pennsylv

The start date for testing ocean and rail manifest systems of Automated Commercial Environment is pushed back to Aug. 1 or later, U.S. Customs and Border Protection said.

CSX Transportation expects the upcoming intermodal peak season to kick in later than last year and not last as long, but says the peak will be &ldquo;very strong.&rdquo;

Canadian National Railway will spend more than $21 million (C$20 million) this year and next to expand the sidings of a key line that connects Toronto with Winnipeg, and takes freight from the big Wes

The rail freight economy is improving, the head of CSX Transportation said, and key customer sectors such as manufacturing point toward more growth despite persistent concerns about the broad directio

Second quarter profit at CSX Transportation jumped 22 percent to $506 million on just a 3 percent rise in freight traffic from a year earlier, highlighting the eastern U.S.

Former Massachusetts governor and presidential canidate Michael Dukakis said to invest in the future spending on infrastructure is key &mdash; even if requires increasing the fuel tax during the

An annual performance measure of the U.S.

Uncertainty may pervade the economy recovery and its impact on freight networks, but if railcar and barge builder Greenbrier is any indication, demand is holding up just fine, and getting better.

In laying a formal petition before federal regulators, heavy freight rail shippers at the National Industrial Transportation League hope to crack open an iron grip major railroads hold on many facilit

Corsa Coal began sending trainloads of high-heat metallurgical coal out of its new Somerset, Pa., coal wash plant, generating export shipments for CSX Transportation.

North Carolina&rsquo;s Aberdeen Carolina & Western Railway will be the exclusive project advisor to Gladstone Development on a recently acquired site developers hope boosts Charlotte's role as a r

J.B.

CSX Transportation is increasing its capital spending plan for this year to $2.2 billion, up from an initial $2 billion, as it locks in more orders for new railcars to haul export coal.

Freight carried by for-hire transportation carriers declined 1.8 percent in May from April to its lowest level since November, the Transportation Department&rsquo;s Freight Transportation Services Ind

TransContainer, Russia&rsquo;s largest rail container operator, boosted second quarter traffic by 13.9 percent compared to last year, as export volume growth outpaced domestic growth.

Kansas City Southern is receiving a $56 million insurance payment for lost profits and property damage last year from Hurricane Alex, which hit the railroad hard when it blew into Mexico.

As freight traffic began to recover from a spring slowdown, owners of parked railcars across North America pulled 2,847 units out of storage in June, nearly reversing the number of units they idled du

Container-on-barge service could be a $500 million business on the inland waterways, but the federal government hasn&rsquo;t been willing to test the idea on a large scale to prove its value, accordin

U.S.

APL Logistics is offering double-stack container service in India and plans to expand its service as more rail corridors are approved for stacktrains.

Major railroads are warning customers that shipment delays, detours and track outages from the flooding Missouri River could last weeks longer, suggesting the river will have disrupted