Railroad

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!

Noi Mahoney Wednesday, January 29, 2020

Less volume drives down Norfolk Southern profit

Railroad giant Norfolk Southern Corp.’s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said.  Norfolk Southern (NYSE: NSC) reported its operating and financial results for the fourth quarter of 2019 before the market opened Wednesday. Norfolk Southern (NS) reported total revenues of $2.7 billion in the fourth quarter, down 7% year-over-year, […]

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Joanna Marsh Friday, January 17, 2020

Kansas City Southern net profit slips in fourth quarter

Net profit for Kansas City Southern (NYSE: KSU) slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer products. Fourth-quarter net income was $127.2 million, or $1.30 diluted earnings per share, compared with $161.1 million, or $1.59 diluted […]

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Michael Baudendistel Thursday, January 9, 2020

What is Precision Scheduled Railroading (PSR)?

Precision Scheduled Railroading, or PSR, is the operational method of running a railroad for maximum asset utilization by which freight movements are scheduled and managed on the individual carload (rather than entire train level). That contributes to efficiency improvements by, for instance, using more direct point-to-point routing, bypassing classification terminals, and having the flexibility to use long mixed-commodity trains.

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Noi Mahoney Wednesday, January 8, 2020

Mexico train robberies rose 13% in third-quarter 2019

During the third quarter of 2019, the number of train robberies in Mexico rose 13% compared with the previous quarter, according to data compiled by Mexico’s Railway Transport Regulatory Agency (ARTF). Agricultural grains, auto parts and consumer goods, such as beverages and toys, were the most stolen freight, the security report by ARTF found. Between […]

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FreightWaves Staff Friday, January 3, 2020

Rail rates move closer to trucking adding to dray volatility

Despite a tough 2019 market, shippers face increasing price volatility around intermodal drayage as rail becomes more cost competitive compared with over-the-road trucking. Last year was one that intermodal marketing companies may prefer to forget. The volume of containers riding the rails dropped 5% last year, according to the American Association of Railroads. With overall […]

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Today’s Pickup: California planning nation’s first hydrogen rail project

Good day, Hydrogen fuel cell trucks are making inroads at California ports and now the state is planning the nation’s first zero-emission “hydrail” project, Forbes magazine reports. The nine-mile line will run in southern California, where the San Bernardino County Transportation Authority plans to operate a FLIRT H2 train from Swiss supplier Stadler starting in […]

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FreightWaves Staff Wednesday, January 1, 2020

What is rail intermodal?

Rail intermodal is the transportation method of moving freight on the earth’s surface by two modes, by railroad and also by truck. The freight can be carried in either trailers or containers; containers has become the larger and faster-growing category. The freight is moved on a railroad during the long-haul portion of the move with local trucking (known as drayage) taking the trailer or container to its final destination.

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