Rail shippers see Transport Canada’s amendments to collect more freight rail data as a good start, but they maintain that more can be done.
The railway said it moved 2.29 million metric tons of Canadian grain and grain products in January, setting a monthly record.
Canadian Pacific is waiting for the Surface Transportation Board to render its decision on the proposed merger with Kansas City Southern. In the meantime, CP has been conducting interline tests to see how its service might compare to similar truck lanes.
A leading federal regulator says a merger between Canadian Pacific-Kansas City Southern would ratchet up rail noise.
Rail car manufacturer and lessor GATX sees a strong secondary market and continued demand for rail cars to help support the company this year.
The Surface Transportation Board recently took action on Union Pacific’s use of embargoes in the Midwest and rejected the Class I railroads’ request to delay a program related to smaller rate disputes.
Norfolk Southern and partnering companies were involved in 159 industrial development projects in 2022 worth $3.2 billion.
Like the other Class I railroads, CSX is bracing for macroeconomic headwinds in 2023. But continuing service improvements will lend support to the company, executives said during CSX’s fourth-quarter earnings call.