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!
Norfolk Southern, which has struggled to maintain consistent and reliable service in recent years, will no longer tolerate mediocre operational performance, new CEO Mark George says.
German railway Deutsche Bahn is selling its Schenker logistics unit to DSV of Denmark in a deal that will create the world’s largest forwarder.
Norfolk Southern in a filing detailed salary and stock awards that signal it expects Mark George to be a long-term chief executive.
Schenker has been sold, but not to the U.S. private equity group vying for control of the German logistics provider. Transport provider DSV of Denmark has emerged as the winning bidder, Reuters reported, in a deal worth 14 billion euros ($15.43 billion). A consortium of private investors led by CVC Capital Partners of New York […]
Ancora placed a few of its people on the Norfolk Southern board in May, and that likely led to CEO Shaw’s ouster.
New bills in both the Senate and House of Representatives would upgrade the 45G tax credit for inflation and expand trackage covered under the program.
Norfolk Southern on Wednesday terminated the contracts of embattled CEO Alan Shaw and the railroad’s chief legal officer, Nabanita Nag, for having a consensual relationship in violation of company policy.
Regulators may consider more oversight as a way to improve rail volumes.
The Montreal Port Authority is spending more than $42 million to restore and upgrade the Pie-IX rail bridge, a project that will also help a port-based sugar refiner boost capacity.
The Norfolk Southern board of directors is investigating allegations that CEO Alan Shaw had an inappropriate workplace relationship.
U.S. rail traffic has seen its third consecutive week of increases of 8% or more.
In a lawsuit dating back to 2018, CSX accused rival Norfolk Southern of jacking up rates for dockside access to the East Coast container gateway.
Rail’s lower shipping costs and reduced carbon emissions often come at the expense of reliability and service. CSX is committed to changing that.
Norfolk Southern and BNSF Railway have reached tentative five-year contract agreements with additional unions four months before the opening round of national collective bargaining.
Canadian Teamsters filed four separate challenges Thursday in the Canadian Federal Court of Appeal challenging the labor minister’s order for binding arbitration and the Canada Industrial Relations Board decision to stop the lockout and work stoppage.
A New York-based venture capital firm and European transport specialist are vying to acquire Schenker, the logistics unit of German national railway Deutsche Bahn, which could shake up the market for logistics services in the U.S.
Intermodal outpaced most U.S. rail carload shipments as shippers raced to get end-of-year retail merchandise through import gateways ahead of disruptions in the global supply chain.
Despite peak season stress, supply chain bottlenecks failed to materialize during the recovery from the brief lockout of union employees by CN and CPKC.
Minnesota’s federally mandated State Freight Plan identifies key areas for investment in the statewide transportation system to ensure goods movement that is safe, efficient and sustainable.
The railroads got what they wanted in Canada’s contract dispute: binding arbitration.
