Rail News

Transportation Secretary Ray LaHood, unveiling a shift in strategy for allocating federal rail spending, sent $2 billion on Monday to passenger networks around the country after Florida had rejected t

BNSF Railway posted a $607 million profit for the first quarter, up 20 percent from the same period in 2010 and reflecting a mix of higher freight traffic, fuel fees and pricing.

Trinity Industries is getting a needed boost from improving rail business, but the improvement in the transport equipment manufacturer’s financial picture this year goes beyond the railroads.

If the Surface Transportation Board is inclined to impose new competition and shipper access rules on U.S. railroads, the Obama administration appears to be OK with it.

If there’s been one reliable trend in recent years, through recession years and growth, it’s that rail rates keep rising.

Amid much hoopla and celebration last April, a handful of 53-foot refrigerated containers left the Port of Quincy, Wash., on a BNSF Railway stacktrain to Chicago.

Charles W. Moorman, chairman, president and CEO of eastern-U.S.

The $6 billion refrigerated warehouse industry in the U.S.

When BNSF Railway decides how to invest its money in infrastructure expansion, it looks to the marketplace for guidance.

The Department of Homeland Security, acting on intelligence seized in the raid on Osama bin Laden's hideout, is warning states and other federal agencies al Qaeda has been considering terror plots aga

Union Pacific is boosting its common stock dividend by 25 percent to 47.5 cents per share, and adding $100 million to its railroad capital spending program this year for a $3.3 billion infrastructure

Illinois has been notified by the Department of Transportation that it will get another $186 million in rail grants, coming out of $2 billion the DOT is reallocating from funds Florida rejected for a

The Obama administration has been floating draft language for surface transportation legislation that could lead to a tax on vehicle miles traveled, allow states to impose tolls on some existing inter

Congressional staff on the House Transportation and Infrastructure is making progress drafting legislative language of what could become the panel’s six-year surface transportation bill, said Ch

CSX Corp., the parent company of CSX Transportation, announced it will split its stock, raise the dividend and buy back $2 billion in common shares.

A Japanese manufacturer of large-scale power transformers will build a new factory at a Memphis, Tenn., site that will use Canadian National Railway tracks, access to Mississippi River barging and tru

Ann D.

Horizon Lines said its onetime parent, CSX, agreed to a $3 million annual reduction in charter rates on three ships Horizon leases from CSX.

When a federal regulator throws up its hands and admits defeat in trying to pull railroads and key shippers together over a major issue, only one course of action remains: Battle.

Railcar leasing giant GATX sees it. So does intermodal service provider Hub Group, and equipment builder American Railcar Industries.

Major U.S. railroads and the United Transportation Union, reached a tentative five-year contract agreement that runs through December 2014.

Norfolk Southern Railroad is starting to build its Memphis Regional Intermodal Facility, planned as a western anchor of its latest cross-country double-stack route, as railroad and state officials hel

Alabama and other states nearby are trying to clear away debris that hampers transportation systems and to restore power to businesses and homes, following a devastating tornado outbreak this week tha

American Railcar Industries trimmed its first quarter loss to $5.3 million from $7 million in the 2010 period but reported a surge in new car manufacturing receipts and car shipments as rail equipment

Intermodal service provider Pacer International posted net income of $2 million in the January-March period, up from a $500,000 loss in the 2010 quarter.

Short line operator RailAmerica swung to a $4.1 million net gain in the first quarter from a $2.5 million loss in the 2010 period, another in a string of rebounding financial reports as the rail indus

First quarter net income for transportation equipment supplier Trinity Industries was nearly six times higher than a year earlier at $25.6 million, and the CEO reported "record quarterly orders for ne

Genesee & Wyoming, the U.S. short line and regional rail company, will launch dedicated terminal shunting and feeder services in the port of Antwerp.

Norfolk Southern Railway's profit rose 26 percent in the first quarter from a year earlier to $325 million, outpacing a 17 percent gain in rail operating revenue to $2.6 billion.

The Department of Transportation is sending California a $100 million grant to buy locomotives and passenger cars for two rail routes shared with freight railroads.

The Oregon International Port of Coos Bay tapped short line operator ARG Trans to run the port's rail line that will soon resume partial service to shippers in that state.

Makers of a wide range of equipment and components used by both the freight and passenger rail industry want the Obama administration to standardized and streamline its Buy-America provisions for gran

Canadian National Railway boosted its profit 31 percent in the first quarter to nearly US$702 million and raised its full-year financial outlook.

Severe spring storms are hampering freight transportation in the Midwest, as several major railroads closed tracks from as far south as Texas to as far north as Canada.

Railcar lessor GATX sees a tightening market for freight cars, as utilization rises in its equipment fleet and lease renewal terms lengthen.

North America’s small and regional railroads are enjoying a surge in traffic so far in 2011, with overall volume up 9 percent and some important cargoes growing by double digits.

Kansas City Southern, the smallest of the North American Class I railroads, posted a $63 million profit in the first quarter, up 91 percent from the 2010 period.

Canadian Pacific Railway saw its first quarter earnings plunge 67 percent from a year earlier to nearly $36 million (U.S.

The seven largest freight railroads had more workers in their U.S. operations as of mid-March than any time since February 2009, the Surface Transportation Board reported.

Union Pacific Railroad saw its profit rise 24 percent from a year earlier to $639 million in the 2011 first quarter as traffic grew across the board in its major cargo categories.