Union Pacific CEO Jim Vena stated the company can afford its $85 billion Norfolk Southern merger without federal investment.
A coalition of retail, business, and supply-chain groups is urging the U.S. Senate to act on a cargo theft bill passed by the House.
The CEO of Union Pacific said he is confident the revised UP-Norfolk Southern merger application will be accepted by the Surface Transportation Board.
BNSF has a new operations chief after Matt Garland lasted just five months as COO.
Union Pacific filed a complaint with federal regulators alleging that BNSF Railway’s cancellation of certain reciprocal switching rates has significantly increased costs for grain shippers.
Industrial improvement led rail freight modestly higher as grain and chemical shipments topped volume gains.
Union Pacific and Norfolk Southern defended their revised merger application, calling it “comprehensive and complete” while rebutting calls for its rejection.
Amazon has opened its logistics network to outside businesses, a move analysts believe could increase intermodal volume while disrupting major industry players.
Union Pacific could walk away from its proposed merger with Norfolk Southern if federal regulators impose onerous conditions for approval.
BNSF Railway saw first-quarter profits strengthen on higher freight volume and more efficient operations.
Canadian National said profits declined even as total freight moving across its network improved.
Wabtec reported a rise in first-quarter earnings, fueled by robust sales growth in both its freight and transit divisions compared to the previous year.
Union Pacific delivered record operating income and revenue despite weaker international intermodal and automotive shipments that hurt overall freight volumes.
Norfolk Southern said first-quarter earnings were slightly lower as winter weather woes and higher fuel prices hurt freight volumes.
First-quarter earnings surged at CSX on higher revenue and lower operating costs.
CSX has significantly reduced operations at its major Chicago-area terminal, and shifted most switching work to other carriers.
More than $2 billion in federal grants that have become a vital component of short line and regional railroad operations are now available.
Shippers want federal regulators to disclose confidential terms under which Union Pacific could walk away from its proposed merger with Norfolk Southern.
A dormant short line rail route in southern South Carolina will see its first train traffic in more than a dozen years.
Norfolk Southern has been formally granted control of a Virginia port railroad by federal regulators.