CPKC paces all railroad freight gains in latest quarter
Intermodal helped make CPKC the fastest-growing railroad in the second quarter.
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 National Institutes of Health plans the first comprehensive research project to study the long-term health effects of the 2023 rail disaster in East Palestine, Ohio.
History doesn’t provide a road map for how intermodal traffic may perform in the midst of a trade war, analyst Larry Gross says.
Norfolk Southern board chair Claude Mongeau, who guided the panel after a failed takeover, has resigned.
After small railroad volume growth outperformed the Class I, Norfolk Southern is expanding an interchange program to more than 260 shortline partners.
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.
Talk of mergers is making the rounds of Class I railroads as a way to kick-start growth and take advantage of a business-friendly Trump administration.
The Port of Virginia wants container shippers to know that it’s not beholden to China.
Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.
Railcar owner GATX won’t have to help pay the $600 million settlement related to the East Palestine, Ohio, train derailment, a jury decided.
Flat revenue and a “vicious winter” didn’t keep Norfolk Southern from posting improved first-quarter profits.
Norfolk Southern shook off severe winter weather in the first three months of the year to post improved operating income in the first quarter.
The U.S. Supreme Court declined to hear a CSX appeal regarding an antitrust suit over access to Norfolk International Terminals.
A partnership of BNSF, Norfolk Southern and the Northwest Seaport Alliance are offering expedited service from the Pacific Northwest to the Chicago rail hub.
Railroad stocks dropped after President Trump’s announcement Wednesday of tariffs on U.S. trading partners.
Class 1 railroads saw mixed results in Q4 of 2024, but consultant Oliver Wyman sees a steadier year ahead.
In the latest episode of the Bring It Home podcast, Norfolk Southern executive Stefan Loeb discussed the role of railroads in America’s reindustrialization.
Hyundai will increase production to >1M units per year and build a steel plant.
Norfolk Southern has expanded its offerings of certified rail-served properties for industrial site development.
The Surface Transportation Board will examine a proposal by Norfolk Southern for formal control of Virginia terminal railroad Norfolk & Portsmouth Belt Line.
CSX is detouring well over a dozen trains daily now that the Howard Street Tunnel project is underway in Baltimore.
Norfolk Southern said it is not out of the ordinary for the Justice Department to look into a case involving antitrust allegations by fellow Class I railroad CSX.
The Justice Department is investigating Norfolk Southern and Virginia terminal railroad Norfolk & Portsmouth Belt Line for alleged anticompetitive conduct against CSX.
The early-year supply chain lull swept rail freight in the latest carload data from the Association of American Railroads.
Railroads are weighing the uncertainty of President Trump’s proposed tariffs and foresee a moderate cross-border impact, executives told an investor conference.
Union Pacific might be running the smoothest rail network.
U.S. rail traffic has risen for the fifth time in the first six weeks of 2025.
Norfolk Southern COO John Orr has the railroad running tighter and faster.
CSX on Monday named former Surface Transportation Board Chair Ann Begeman to its board of directors. Separately, Norfolk Southern (NYSE: NSC) appointed former Celanese Chief Executive Lori J. Ryerkerk to its board, a move made after a search process that was a part of an agreement with activist investor Ancora Holdings. “Ann brings a wealth […]
U.S. rail traffic showed a massive jump for the week ending Jan. 18, 2025, with both carload and intermodal traffic up more than 25% from the same week a year earlier. Statistics from the Association of American Railroads show overall traffic for the week was 500,160 carloads and intermodal units, a 25.9% increase. That included […]
Intermodal volumes boosted weekly U.S. rail traffic even as overall carloads slipped compared to the same week in 2024.
Weekly U.S. rail traffic showed a slight uptick over 2024 in the first report from the Association of American Railroads for 2025. Overall volume for the week ending Jan. 4 was 421,410 carloads and intermodal units, a 1% increase over the first week a year ago. That included 198,500 carloads, down 4.6%, and 222,910 containers […]
Norfolk Southern has tabbed investment banker Michael Barr as vice president of investor relations and treasurer.
Intermodal continues to pace weekly U.S. rail traffic while carloads edged downward, according to the Association of American Railroads.
U.S. rail traffic is back on track after November swings, with intermodal gains outpacing weaker carloads.
Norfolk Southern will add a new member to its board of directors — the 14th overall and 13th independent director — under a “cooperation agreement” with shareholder Ancora Holdings, NS announced Thursday.
Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced Tuesday. The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union workforce.
Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers.
Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.
U.S. railroads see the highest weekly intermodal traffic since the pandemic, and ongoing supply chain issues could aid further gains as a threatened longshore strike creeps closer.
Port of Indiana-Burns Harbor on Lake Michigan increases rail capacity by 250 cars and adds hundreds of feet of new dock for expanded all-water cargoes.
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.
Norfolk Southern in a filing detailed salary and stock awards that signal it expects Mark George to be a long-term chief executive.
Ancora placed a few of its people on the Norfolk Southern board in May, and that likely led to CEO Shaw’s ouster.
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.
Norfolk Southern’s final RoadRailer train left Detroit early Sunday morning for the 715-mile run to Kansas City, Missouri.
The agreements were announced just days after CSX completed early deals with its unions as labor flexes its newfound strength with employers following the pandemic.
The U.S. Justice Department is taking Norfolk Southern to court, alleging the railroad’s delays of Amtrak’s Crescent violate federal law.
Norfolk Southern highlights ways it’s creating sustainable growth through investments in people and technology.
Operational improvements helped Norfolk Southern win back service-sensitive intermodal and automotive traffic while driving down costs and boosting the railroad’s profitability in the second quarter.
The Biden administration is calling railroad executives to Washington to explain how they plan to reverse negative cargo trends and grow their business.
Norfolk Southern’s Stefan Loeb discusses rail growth strategies at FreightWaves’ Future of Supply Chain event.
Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.
A second proxy adviser is backing big changes on the Norfolk Southern board, but this one is calling for CEO Alan Shaw to stay.
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.
A preliminary report on how Norfolk Southern did in the first quarter comes as the showdown over its future nears a climax.
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.
Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.
A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest.
Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.
Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.
Former President Donald Trump is lashing out at President Joe Biden ahead of Biden’s scheduled trip to East Palestine, Ohio, saying the president waited too long to visit the site of a train derailment.
Activist pressure and focus on OR are at odds with optimal service levels.
It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.
Saturday will mark one year since a Norfolk Southern train carrying hazardous materials derailed in East Palestine, Ohio. NS is joining the federal Confidential Close Call Reporting System, the only Class I railroad to do so.
Increasing biofuel consumption will be a key way for Norfolk Southern to reduce greenhouse gas emissions, according to its inaugural climate transition plan.
Labor peace was won at what will be higher costs for shippers and carriers.
Multimodal freight office leader Allison Camden has high expectations now that freight “has a seat at the table.”
Outgoing STB Chair Martin Oberman had harsh words for Union Pacific at the RailTrends conference.
Executives with CSX, Union Pacific and Norfolk Southern at recent investor conferences listed some of the ways they expect to improve rail service.
Cincinnati voters on Tuesday approved selling Cincinnati Southern Railway to Norfolk Southern for $1.62 billion.
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.
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.
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.
NS is examining the root cause of the Friday evening to early Saturday morning outage, which the railroad says was not a result of hacking or related to a previous system outage that occurred in late August.
Declaring East Palestine, the town impacted by a Norfolk Southern train derailment, as the site of a public health emergency would allow area residents to have long-term access to Medicare, Ohio’s senators said in a letter to the EPA.
Two Florida East Coast Railway terminals will gain access to Norfolk Southern’s network, and NS and FEC will use a steel wheel interchange in Jacksonville, Florida, which will bolster access to Midwest markets.
Cincinnati voters will determine on Nov. 7 who should own the Cincinnati Southern Railway, which is currently owned by a group affiliated with the city. The city wants to sell it to Norfolk Southern for $1.62 billion.
President Joe Biden wants Norfolk Southern and federal agencies to stay involved in recovery efforts in East Palestine, Ohio, where an NS train carrying hazardous materials derailed on Feb. 3.
Atkins Nuclear Secured released its initial findings on how Norfolk Southern can bolster its safety culture.
Canadian railway CN and Norfolk Southern are partnering to create a domestic intermodal service that will connect Canadian customers with markets in the U.S. Southeast.
Norfolk Southern and DrayNow will further develop technology for intermodal that provides real-time information on first- and last-mile movements.
A defect with the data storage system that Norfolk Southern uses may have caused NS’ primary and recovery data systems to become unresponsive, NS said Friday.
Florida’s ports and Eastern freight railroads are preparing for Tropical Storm Idalia’s arrival.
Leaders with Norfolk Southern and CSX described at an investor conference this week how their reach extends beyond the eastern U.S.
The Federal Railroad Administration and the Occupational Safety and Health Administration separately released reports Wednesday on how Norfolk Southern can improve rail safety.
NS is seeking to improve network fluidity after the East Palestine train derailment, cut down on Ohio-related costs and match resources with market demand in the second half of 2023.
Revenue declines and a $416 million expense charge put pressure on Norfolk Southern’s second-quarter 2023 net profits.
As the labor strike continues at the ports of Vancouver and Prince Rupert, Class I railroads are taking steps to ensure that their networks face minimal disruptions.
Ohio Gov. Mike DeWine wants President Joe Biden to declare East Palestine a disaster area, while Norfolk Southern calls for rail car owners associated with the Feb. 3 derailment to help pay cleanup costs.
“There are qualified mechanical inspectors at all these points, and they were not allowed to inspect this car at any of those locations,” Jason Cox, of the Transportation Communications Union, testified at a National Transportation Safety Board hearing Friday.
The National Transportation Safety Board is holding a field hearing in East Palestine, Ohio, to garner more information on why the Feb. 3 derailment of a Norfolk Southern train happened.
Colonial Terminals plans to expand its breakbulk operations along the Savannah River in Georgia. The company recently acquired land that’s adjacent to its current facility and to Norfolk Southern’s network.
Norfolk Southern and yardmasters affiliated with SMART-TD have struck a tentative deal on sick leave.
Technology might not be the only thing causing the freight rail industry to pivot. The industry’s relationships with its workforce and its customers might also be transitioning, suggested some speakers at the North American Rail Shippers conference.
How industry stakeholders are responding to efforts to legislate rail safety reforms was one of the themes percolating at the recent North American Rail Shippers annual conference.