Railroad

A 13% decline in total revenues dented BNSF’s net profit for the third quarter.

Total employed in the sector now more than 30,000 fewer than at May peak

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A look at U.S. Class I rail employment data shows that head count for train and engine crews grew when comparing averages in 2023 with 2020 — but employment totals for those maintaining equipment and stores appeared to fall.

Rail electrification and locomotives powered by green hydrogen are two goals that the rail industry and federal and state leaders should adopt, according to the Sierra Club’s revised statement on how to encourage clean transportation for the railroads.

FreightWaves CEO Fuller talks Convoy collapse and why things aren’t improving for carriers.

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The Greenbrier Companies, GATX and Wabtec all reported quarterly earnings this week. Among the themes expressed during earnings calls was pervading market uncertainty domestically but an abundance of international opportunities.

Norfolk Southern is asking the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to consolidate their applications on plans to create a Mexico-Southeast U.S. corridor. Doing so would provide greater insight on freight and passenger rail impacts, NS argues.

Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.

Members of the Brotherhood of Railroad Signalmen who work on CSX’s L&N property have ratified their sick leave agreement, CSX said.

Uncertainties over consumer demand and inflation rates are causing Canadian Pacific Kansas City to adopt a more cautious stance as 2024 approaches.

CPKC reported a 12% decline in net profit in the third quarter despite higher combined revenues.

Short-term pain will lead to long-term gain for Norfolk Southern, the railway’s CEO said when asked about his company’s higher margins amid plans to continue improvements to rail service.

NS’ third-quarter net income fell 50% amid a $163 million incident charge related to the East Palestine, Ohio, train derailment in February.

Partnerships with other Class I railroads will help the freight rail industry gain market share, CN executives said during the Canadian railway’s third-quarter 2023 earnings call Tuesday.

The Prince Rupert Port Authority is starting construction on a project that will increase rail-to-container transloading at the Canadian port, particularly for agricultural, forestry and plastic resin products.

Soy Transportation Coalition director says farmers diverting product from weak export market.

The Brotherhood of Railroad Signalmen and Norfolk Southern, with technical input from the Federal Railroad Administration, will conduct a one-year pilot program to identify best safety practices.

Enabling information sharing between departments will help CSX not only cut costs but discover new business opportunities, COO Mike Cory said on the railway’s third-quarter earnings call.