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!
After five months of discussions, Teamsters Canada voted to strike at Canadian National Railway and Canadian Pacific Kansas City. The strike could start as early as May 22, after a mandatory 21-day mediation period.
Gulf & Atlantic Railways LLC announced on Wednesday that it is rebranding as Pinsly Railroad Co. The name change comes after the October 2023 acquisition of Pioneer Valley Railroad, the final railroad company owned by Pinsly.
A second proxy adviser is backing big changes on the Norfolk Southern board, but this one is calling for CEO Alan Shaw to stay.
An “influential” proxy advisory company has come out in favor of Ancora’s efforts to oust the leadership of Norfolk Southern.
Soft freight market conditions continue to create market headwinds as Hub Group’s first-quarter revenue declines 13% year over year.
Wyoming locomotive engineer Andrew Kirol claims in a lawsuit that he was injured when an AI system used by Union Pacific gave incorrect information to locomotives on the train on which he was working.
New Norfolk Southern COO John Orr made his debut on the railroad’s earnings call, but there was little talk about an ongoing proxy fight.
SONAR sets up intermodal trading ideas ahead of earnings.
This week in Borderlands: Experts push infrastructure to boost cross-border trade; Korean EV supplier begins construction of plant in Mexico; Kirchhoff Automotive expanding operations in Mexico; and WSI named operator of CPKC transload terminal.
“This is the first locomotive that’s actually 100% remanufactured for hydrogen,” said Dragan Jankovic, CSX director of locomotive engineering.
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A preliminary report on how Norfolk Southern did in the first quarter comes as the showdown over its future nears a climax.
Recent incidents involving Norfolk Southern trains exposed the continued need for rail safety to the greater public. Here are some ways rail can drive safety.
Norfolk Southern announced Tuesday that it will pay a $600 million settlement of a class-action lawsuit after a train derailed in East Palestine, Ohio, in February 2023.
Truck transportation jobs in March recorded an increase in the midst of a generally weak trucking market.
Eight men from the Bronx are accused of swiping hundreds of thousands of dollars’ worth of beer from train cars and distribution facilities for nearly two years.
The Federal Railroad Administration has lowered the gates on railroads looking to move to one-person crews.
New debt to pay a big dividend has led the two largest ratings agencies to reduce their rating of short-line rail operator Genesee & Wyoming.
An unusually warm and dry winter might herald drought conditions in key areas of the Mississippi River Basin over the coming months.
The Port of Baltimore’s indefinite closure could cost the state of Maryland as much as $1 billion in total value of goods and services, analysts say.
