Railroad

CSX’s first-quarter net income fell 8% to $706 million from $770 million a year ago.

A merged CN and Kansas City Southern would compete against long-haul trucking for north-south intermodal opportunities, CN said Tuesday.

Not to be outdone by rival Canadian Pacific, CN offers to acquire Kansas City Southern for $33.7 billion.

Union Pacific plans to close a car repair facility in Palestine, Texas, which could result in the layoffs of as many as 57 employees.

This AskWaves column explains why investors and other transportation stakeholders look at operating ratio as a way to gauge a company’s financial health.

Kansas City Southern expects to maintain its financial targets for 2021 on a recovering economy and an anticipated volume rebound. It declined to comment on post-merger operational changes.

Cass data published Friday highlights new records as volumes reaccelerate and rates soar.

Kansas City Southern’s net income for the first quarter of 2021 rose 0.7% despite a 4% decline in revenue and a 1% drop in carload volumes.

U.S. weekly rail volumes were 24.5% higher last week, although last year’s figures reflect the volume downturn that occurred at the start of the COVID-19 pandemic.

The U.S. Department of Justice raised concerns about how Canadian Pacific and Kansas City Southern are using a voting trust to facilitate their proposed merger. The two railroads respond.

Potential service disruptions from the proposed Canadian Pacific-Kansas City Southern merger could be a key issue explored by regulators reviewing the merger, FTR says. The consulting firm also projects favorable market conditions for intermodal rail and carloads in 2021 and into 2022.

Canadian Pacific and Kansas City Southern provided the Surface Transportation Board 75 more letters explaining why their proposed merger should be approved.

National Transportation Safety Board investigators will look into what led to the death of a 24-year veteran of BNSF at a customer facility in Missouri.

The Surface Transportation Board’s final rule on what information should be included in a demurrage billing statement provides transparency and accountability in a process shippers sometimes see as opaque.

U.S. rail traffic rose 14% in March amid higher grain and intermodal volumes. But some commodities are also reflecting uneven year-over-year comparisons because of the pandemic-induced volume downturn that began in late March 2020.

Railcar manufacturer Greenbrier expects economic conditions and the rail market to improve in the second half of the year and that optimism is starting to be reflected in higher inquiry activity.

Engage Construction Management and Consulting Inc. has been selected for the Canadian piece of a $1 billion infrastructure project connecting Mexico’s Pacific Coast to Winnipeg, Canada.

The Surface Transportation Board defines what billing information should be included in demurrage invoices to rail users as a means to provide more transparency.

Canadian Pacific submitted to the Surface Transportation Board 45 more letters of support from shippers and other stakeholders for the proposed merger of CP and Kansas City Southern.

CN beat its previous March record of 2.74 million metric tons set in 2020, moving 2.95 million metric tons last month.