Rail News

State-owned rail operator Container Corporation of India reported a $184 million net profit for fiscal 2010-11 ending March 31, up 5.5 percent from a year earlier.

Union Pacific's freight volume is increasing steadily since the depths of the economic recession, but there is no concern in Omaha about UP's ability to handle the growing traffic.

Eastern-U.S.

Intermodal service provider Hub Group reported a $10.5 million profit for the first quarter, up 21 percent from a year earlier.

Spring floods across the northern Great Plains are closing some tracks for major railroads and short lines, delaying some shipments and detouring others.

Perella Weinberg Partners is buying the railcar leasing unit of insurance giant American International Group.

North America’s trains are getting longer every year.

Transplace’s purchase of SCO Logistics is aimed at bringing revenue, expanded services, new customers and new talent to the Dallas-based logistics operator.

The late-night budget deal between President Obama and House Speaker John Boehner did not at first appear to make a real dent in the big surface transportation programs tied to freight operations.

Expect North America’s freight railroads to have plenty of good things to say about rail market trends when they report earnings for the first quarter.

A newly finalized $10 million federal grant should help the Port of Vancouver, Wash., get its long-planned West Vancouver Freight Access project done, which the Department of Transportation says will

Freight shipping declined about 1.5 percent month-to-month in February, the U.S. Department of Transportation's Bureau of Transportation Statistics reports.

DB Schenker is planning to launch scheduled container rail services between Germany and inland China later this year aimed at shippers that currently use ocean shipping.

Short line operator RailAmerica is buying the assets of three small freight railroads in Alabama for a total price of $12.7 million in cash.

Pending budget cuts from last week’s deal to avert a government shutdown will take a deeper bite out of transportation funds, but industry and government sources say the ones that could most aff

TransContainer, Russia’s largest rail container operator, increased first quarter traffic by 23.5 percent from a year ago with international shipments growing almost three times faster than dome

Railcar owners across the U.S., Canada and Mexico took 22,667 cars of various types out of storage during March, shrinking the idled fleet to 18.7 percent of the total as freight traffic continues to

CN acquired more than 1,000 new containers, which the railroad expects to use to serve manufacturers and distributors of grocery and consumer goods in domestic markets across Canada.

The Department of Transportation got a flurry of rail grants locked in just under the wire last week, obligating over $300 million to projects so states could start spending them even if the federal g

Washington state and federal officials reached agreement to formally obligate another $145 million to that state's passenger rail program.

Two years after container ship lines began moving away from their 55-year-old practice of supplying U.S.

Intermodal marketing giant Hub Group demonstrated its faith in the economic recovery last week with the $83 million acquisition of Exel Transportation Services.

Department of Transportation officials will quickly sort through a pile of applications as they prepare to redistribute $2.43 billion in grants, most of which came from money Florida turned down for a

A $3.3 million federal grant to build 2 miles of track in upstate New York will ease “significant congestion” for a freight rail yard and Amtrak passenger service, said the Department of Transportatio

The latest week's bulk and large-unit railcar loadings at major U.S. freight railroads were the highest since late 2008, or before the traffic plunge that followed the financial collapse that year.

Railcar and barge builder Greenbrier Companies almost broke even in its fiscal second quarter ending Feb.

The Federal Railroad Administration's permanent ban on use of electronic devices, including cellphones, became effective March 28, as

The Obama administration's embattled passenger rail program got a solid line of endorsements this week, when applications poured in seeking $10 billion in grants for 90 track projects, most of which w

With New Mexico Gov.

Savage Companies and Kansas City Southern have entered into a joint development agreement as the companies look to take advantage of dev

Intermodal transportation giant Hub Group acquired Exel Transportation Services, a $717 million third-party logistics company, from Deutsche Post subsidiary Exel.

Pacer International named Daniel L.

The intermodal market is heating up so much that rate increases could be the strongest in a decade.

Union Pacific brought out a rarely used rotary snowplow to clear away heavy snow which halted train traffic across California's Donner Pass for five days in March.

A major rail corridor project in Illinois gets under way this weekend, as crews begin the biggest upgrade of tracks in a route owned by Union Pacific Railroad so that 110-mph Amtrak passenger trains c

European Union trust busters raided the offices of German rail operator Deutsche Bahn in an investigation into allegations it is abusing its dominant position in the rail freight market.

Canadian National Railway sold a section of track in and around Toronto to the Ontario agency Metrolinx for about $308 million.

Canadian Pacific Railway unveiled a plan to spend nearly $103 million in its North Dakota network this year and next, and said it should aid several big commodity cargo groups there.

Rail equipment supplier Wabtec said a stronger U.S.

Weeks before North Carolina nailed down an implementing agreement with Norfolk Southern Railway to spend $461 million in passenger rail stimulus funds, the state’s transportation secretary said