Fracking sand company sees its stock almost halve on big customer loss
The broader issue for Carbo is the weak oil and gas market that has impacted the oil patch.
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.
Keep up with the latest news, trends and reports concerning rail freight transport here!
The broader issue for Carbo is the weak oil and gas market that has impacted the oil patch.
The Class I railroads furlough workers in times of lower volumes but unions think the cuts have been too deep as a result of precision scheduled railroading.
As truck-plus-rail becomes increasingly popular, shippers need to find sites where the modes meet.
BNSF placed in service approximately 2.5 miles of second main track near Westmond, Idaho, closing the gap between two larger sections of double-track main line on one of the busiest segments of BNSF’s Northern Corridor.
Third-quarter revenue fell for the shortline operator.
Market expert Michael Baudendistel writes about whether there is a rail recession, or are railroads paring operations and employees to fatten their bottom lines.
U.S. rail volumes fell 8.1% amid trade uncertainty and “sluggish” growth abroad.
Railway rebounds after slow start in August and September.
U.S. rail trade associations say changes will help employees responding to unplanned events.
Shipping liquified natural gas by rail is a controversial topic. Read what Jim Blaze thinks about the idea in his latest commentary.
Connecting the Alaska Railroad with rail service in Canada and the U.S. is a bold, expensive plan. But it would generate tremendous benefits. Read more here.
Lower operating expenses helped to increase profits.
The credit ratings firm sees coal and intermodal volumes under continued pressure next year.
Ontario Trucking Association lauds crackdown by province’s workers’ compensation agency on companies that skirt payroll deductions by misclassifying drivers. But the OTA calls on Canada’s federal government to do more.
Train crew size, healthcare are among the key issues, on top of grappling with systemic changes to the industry
Ben Thrower writes about the positive and negative aspects of precision scheduled railroading in this commentary article.
Canadian province will allow producers to exceed limits exclusively for rail shipments to meet higher demand.
Year-to-date U.S. rail traffic continues to trend lower.
The rail equipment and technology manufacturer sees international opportunities as an area for business to grow.
FreightCar America sees net loss more than double as it navigates the downside of railcar demand. The company’s cost restructuring remains on track.