Shippers line up against railroad mergers
Shippers wary of higher rates, service issues with one entity controlling 52,000 miles of track.
Shippers wary of higher rates, service issues with one entity controlling 52,000 miles of track.
Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report.
Following news of the Union Pacific-Norfolk Southern talks, the Surface Transportation Board has published a resource guide to rail mergers.
Profits at CSX fell in the second quarter as weaker merchandise traffic outweighed improvement in intermodal volumes.
CSX said weaker coal, merchandise traffic hit second quarter profit despite higher pricing and intermodal volume.
A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder.
Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.
In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.
Intermodal, coal, and grains are driving Class I railroad traffic higher.
CSX has eliminated 125 mostly management positions, including dozens at its headquarters in Jacksonville, Fla.
A federal appeals court has thrown out a rule that gave shippers with poor rail service access to a second railroad.
Intermodal helped make CPKC the fastest-growing railroad in the second quarter.
That light at the end of the rail merger tunnel is becoming an oncoming investment express.
The Federal Railroad Administration has determined that gantry cranes for a Montgomery intermodal facility meet the agency’s Buy America exemption.
BNSF and CSX hauled a trainload of tanks and other military equipment to Washington for the Army’s 250th birthday parade.
CSX’s on-time performance in May, measured by trip plan compliance for intermodal and carload shipments, returned to December levels.
History doesn’t provide a road map for how intermodal traffic may perform in the midst of a trade war, analyst Larry Gross says.
Intermodal volumes so far seem to be dodging the “air pocket” expected in the wake of steep tariffs on goods from China.
Railroad executives told an investors conference that future mergers face likely insurmountable regulatory hurdles.
Cross-border tensions are moderating Canadian National’s outlook, but its CEO still expects around 3% growth in freight volumes this year.