first quarter 2020
- Rail
FreightCar America anticipates challenging headwinds
The manufacturer is still producing new railcars but expects market conditions to be rough for a while.
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GATX open to acquiring more railcars
The railcar lessor is looking for further add-ons to its fleet as competitors face pressure from the COVID-19 pandemic and the volatile crude oil market.
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Wabtec anticipates volume recovery later this year
Multimillion-dollar backlog will help the rail equipment and locomotive manufacturer stay afloat, executives said.
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BNSF’s first-quarter net earnings slip on lower revenues and carload volumes
The COVID-19 pandemic dented volume growth in the first quarter for the privately owned railroad.
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Norfolk Southern anticipates some cost cuts as permanent
The cuts to train starts are part of the railroad’s wider objective to implement precision scheduled railroading.
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Locomotive costs dent Norfolk Southern’s first-quarter profits
Like other railroads, Norfolk Southern is feeling the effect of lower rail volumes because of the coronavirus pandemic.
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Canadian National anticipates a rough May
The effect that the coronavirus pandemic is having on rail volumes could get worse in the coming weeks before things get better, according to executives.
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Canadian National sees first-quarter profit grow
The railway managed to boost its first-quarter net income despite the February rail blockades and the COVID-19 pandemic.
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Unknowns cloud cost savings for Union Pacific
The western U.S. railroad can deploy additional cost reduction measures, but how much cost savings it can realize from those measures will depend on how…
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Union Pacific sees first-quarter net profit grow
Despite lower revenues, the western U.S. railroad saw its first-quarter net income increase as the company trimmed quarterly expenses by 10%.
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