Railroad

Passenger train proposal asks for comment on freight requirements as well.

The record occurred despite extreme weather conditions that stymied rail shipments in February and March, as well as restrictions on Canadian canola exports to China, the railway said.

Greenbrier said the acquisition will enable the company to provide customers not only with direct sales or leasing options but also with after-market services. Customers seeking tank cars and covered hoppers will also benefit from Greenbrier’s expanded geographic footprint as a result of the acquisition.

Furniture-makers may face long slog in adjusting to tariffs on Chinese imports; Autonomous freight trains to be tested

Winchester & Western Railroad is being acquired by OmniTrax in a $105 million deal.

Indiana-based Steel Dynamics Inc. announced it will build a $1.9 billion mill in Sinton, Texas, about 25 miles northwest of the Port of Corpus Christi. The site for the new mill is strategically located for the southwestern United States and Mexican markets, the company said in a statement July 23. Steel Dynamics is one of the […]

Grain shippers say Congress should take a “fresh look” at railroad policy.

Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on “healthy” inquiry levels for its railcars, company leaders said during TRN’s second quarter earnings call on July 25.

U.S. rail volumes fell yet again for the week ending July 20, according to data from the Association of American Railroads.

Owners of ships, railcars and trucks face increased risk from environmental regulations, credit rating agency Moody’s said. The value of $265 billion in debt owed by transportation companies may be in for a bumpy ride in the near-term due to the costs of meeting those new rules. But Moody’s said the transition should be manageable.     […]

The Port of Los Angeles is a test bed for the latest in logistics technology, and a target for the threats facing that technology. To stave off those threats, the largest U.S. seaport is seeking bids for a “turn-key” cybersecurity center, “a first-of-its-kind solution that will help to reduce the port-wide risk of a cyber […]

Total company revenue for Trinity Industries (NYSE: TRN) grew 16 percent to $736 million in the second quarter amid revenue gains for its rail product group.

Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.

Low pricing will speed up Europe’s transition from coal to gas, according to Morgan Stanley.

There is some uncertainty for commodities such as grain, lumber, coal and crude, but Canadian National (NYSE: CNI) leaders are “cautiously optimistic” about volumes and how the company might perform in the second half of the year.

Norfolk Southern’s (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit increased 2 percent to $722 million in the second quarter compared with the same period in 2018. Diluted earnings per share were $2.70 in the […]

Schneider wins award for security excellence, while US Xpress honored as carrier of the year by FedEx Ground

The U.S. Surface Transportation Board (STB) is seeking public comments on Brookfield Asset Management’s proposed acquisition of shortline operator Genesee & Wyoming. Broofield announced plans to acquire GWR earlier this month in a deal valued at $8.4 billion.

Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs.

U.S. railroads had fewer employees on their payroll in June amid lower rail volumes overall and company decisions to trim workforce levels as part of changes to their operating models.