CPKC reports record revenue on strength of grain and intermodal traffic
CPKC turned in record 3Q revenue as the railway set records for domestic and international intermodal volumes, as well as for grain.
Wabtec earnings rise on higher freight and transit sales
Rail equipment supplier Wabtec raised its outlook on higher third-quarter revenue and earnings.
Norfolk Southern profits rise on higher volume and revenue
Norfolk Southern posted record revenue in Q3 on higher volumes and rates, and substantial fuel surcharge
CSX profit jumps on volume and revenue growth
Increased freight boosted CSX Q3 profits, along with higher fuel surcharge revenue and more efficient operations.
Union Pacific CFO to retire
Union Pacific CFO Jennifer Hamann will retire after 35 years with the railroad.
State loan to aid Louisiana port’s new rail connection
Louisiana will close a funding gap and provide $1 million for a new port rail line.
Major chemical producer backs UP-NS merger
A major chemical producer boosted the UP-NS merger, saying the proposed transcon will help it reach eastern markets.
Regulators turn down requests for summary denial of UP-NS merger
The Surface Transportation Board rejected opponents’ attempts to quickly halt the proposed Union Pacific–Norfolk Southern merger.
Union Pacific blasts rival railroads’ trackage rights requests
Union Pacific CEO Jim Vena is critical of rival railroads’ plans to request trackage rights over a combined UP-Norfolk Southern system. “The idea to give up tracks of your railroad for no reason at all just goes against the fundamental principle of how … business should work,” Vena told an investor conference. Last week BNSF […]
BNSF, CPKC, and CSX to request broad access to a combined UP-NS network
BNSF, CPKC and CSX want broad operating rights over a merged UP-NS network.
STB extends deadline for participation in UP-NS merger review
Would-be participants have until the end of September to make a formal filing in the Union Pacific-Norfolk Southern merger review.
Vance, EPA chief call for investigation into Biden administration response to East Palestine derailment
Vice President Vance calls for probe into Biden handling of Ohio derailment.
Norfolk Southern, Wabtec set locomotive upgrades to AC power
Norfolk Southern and Wabtec to modernize propulsion systems for dozens of older locomotives.
Regulators set schedule for review of UP-NS merger
The Surface Transportation Board resumed its review of the Union Pacific-Norfolk Southern merger after lifting a prior delay.
Federal court upholds challenge to FRA’s two-person rail crew rule
A federal appeals court rejects rail industry arguments that the two-person crew rule was arbitrary and overreaching.
BNSF earnings rise on higher volume and revenue
BNSF earnings grew this quarter due to more shipments and higher fees, parent company Berkshire Hathaway reported.
CPKC income higher as revenue sets new second-quarter record
CPKC posted record Q2 revenue strong performances in grain, automotive, and energy sectors.
CEOs of UP, NS, say latest additions to rail merger application further enhance competitive aspects
The CEOs of Union Pacific and Norfolk Southern are confident that their merger application addressing competition concerns provides a compelling case for regulatory approval.
CN boosts outlook as volume growth tops expectations
Canadian National upgrades forecast for FY 2026 on higher revenue, profit in Q2
Union Pacific posts record financial results, raises outlook
Union Pacific raised its financial forecast after posting higher profits in the second quarter.