Railroad

Profits at CSX fell in the second quarter as weaker merchandise traffic outweighed improvement in intermodal volumes. 

CSX said weaker coal, merchandise traffic hit second quarter profit despite higher pricing and intermodal volume.

Union Pacific has agreed to an interim pay raise for 6,000 members of the Brotherhood of Locomotive Engineers and Trainmen while full contract talks continue. The Brotherhood of Locomotive Engineers and Trainmen and Union Pacific (NYSE: UNP) have reached tentative agreement on an interim 3% raise for union members while bargaining for a full contract […]

Intermodal would be approximately 53% of a combined entity’s volume.

A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder. 

Marten is selling its intermodal unit, which is focused on refrigerated, to Hub Group.

Tariff and trade uncertainty led CN to cut its outlook for the full year even as lower costs helped improve income amid declining revenues.

The single-car merchandise business is central to plans of the largest rail carrier of intermodal, coal, and grain.

Canadian rail carrier CN said cost controls helped boost operating income as tariff and other economic factors muted revenues.

Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.

In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.

Intermodal, coal, and grains are driving Class I railroad traffic higher.

Union Pacific, the largest publicly-held railroad, is in merger talks with eastern rival Norfolk Southern, according to a published report.

Union Pacific has retained investment bank Morgan Stanley to explore a potential acquisition of a Class I railroad, according to a report. 

BNSF Railway and Union Pacific came to an agreement on routing of intermodal trains ahead of a meeting with regulators. 

Jaguar Transport Holdings is seeking to buy two railroads in Washington state, the company said in filings. 

BNSF is eyeing intra-Texas drayers with expedited intermodal services connecting Los Angeles and Houston.

CSX has eliminated 125 mostly management positions, including dozens at its headquarters in Jacksonville, Fla.

A CPKC union is polling members about a possible strike, claiming the railroad took advantage of a service crisis to make workplace job changes on the troubled Kansas City Southern network. 

Schneider National announced improved transit times on its cross-border intermodal service with Canadian Pacific Kansas City.