Union Pacific Railroad CEO ‘very comfortable’ working through tariffs
The chief executive of Union Pacific says his railroad will work through trade uncertainties the same way it worked through the tech bubble and the pandemic.
Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Kansas City and Canadian National Railway.
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The chief executive of Union Pacific says his railroad will work through trade uncertainties the same way it worked through the tech bubble and the pandemic.
Two trade-dependent intermodal projects by BNSF Railway will move forward despite the Trump administration’s announcement of new tariffs.
Truck transportation jobs in March rose by the largest amount since the start of 2022.
A partnership of BNSF, Norfolk Southern and the Northwest Seaport Alliance are offering expedited service from the Pacific Northwest to the Chicago rail hub.
Trump eases pain on trucking and rail by excluding from reciprocal tariffs goods that comply with the United States-Mexico-Canada Agreement.
Railroad stocks dropped after President Trump’s announcement Wednesday of tariffs on U.S. trading partners.
Weekly U.S. rail carloads surged to the strongest year-on-year improvement in nearly three months.
BNSF’s group vice president for industrial products has been named chief executive of shortline rail operator OmniTRAX.
CALGARY, Alberta — Canadian Pacific Kansas City (NYSE: CP) and the Lanco Group/Mi-Jack have sold the Panama Canal Railway to APM Terminals, a global terminal operator and an independent division of A.P. Moller-Maersk (XCSE: MAERSKa). The 47.6-mile railway provides ocean-to-ocean freight and passenger services along the Panama Canal and has been a 50/50 joint venture […]
Railroads in January saw their share of North American transborder trade slip as trucks posted double-digit gains.
With an international intermodal surge winding down, analyst Larry Gross pins his hopes on domestic intermodal share gains.
Class 1 railroads saw mixed results in Q4 of 2024, but consultant Oliver Wyman sees a steadier year ahead.
In the March State of Freight webinar, Craig Fuller and Zach Strickland talked about a freight market on the verge of auto tariffs.
Union Pacific is partnering with Jaguar Transport Holdings to establish a new shortline railroad in Kansas City, Missouri’s West Bottoms industrial district.
For a fourth straight week, U.S. rail traffic has recorded an increase of more than 5% over the same week a year earlier. Statistics from the Association of American Railroads for the week ending March 22 show total traffic was 496,214 carloads and intermodal units, a 5.5% increase over the same week in 2024. That […]
Canada’s largest railroads see mixed progress at the country’s busiest container gateway.
BNSF Railway said customers invested $4.2 billion in industrial projects on its network in 2024.
In the latest episode of the Bring It Home podcast, Norfolk Southern executive Stefan Loeb discussed the role of railroads in America’s reindustrialization.
Norfolk Southern has expanded its offerings of certified rail-served properties for industrial site development.
Port fees on Chinese ships are aimed at boosting U.S. shipbuilding but could have follow-on effects for intermodal traffic, too.