Union Pacific’s (NYSE: UNP) first quarter net profit rose 6 percent amid company efforts to rationalize or reorganize existing assets to streamline operations under precision scheduled railroading (PSR).
Higher coal and chemicals volumes drove U.S. carloads upward on a weekly basis for the first time since late February, according to the latest data from the Association of American Railroads (AAR). But despite that weekly gain for U.S. carloads, overall U.S. rail traffic still softened.
Kansas City Southern (NYSE: KSU) said its first quarter 2019 net profits rose nearly 16 percent amid its ongoing transition to precision scheduled railroading (PSR).
Canadian National (NYSE: CNI) plans to appeal a determination by a federal regulator that the railway breached rail service obligations last fall at the congestion-prone Port of Vancouver.
CSX (NYSE: CSX) achieved an operating ratio of less than 60 percent in the first quarter amid continued efforts to employ precision scheduled railroading (PSR) throughout its network.
The U.S. Department of Agriculture (USDA) lowered its export projections for corn and wheat in the 2018-2019 harvest season amid slumping grain volumes and Midwest rail operations coping from last month’s record flooding.
With almost all of the Class I railroads transitioning to precision scheduling railroading (PSR), an operational model that emphasizes running railcars on a fixed schedule, a question surfacing within the rail industry is how much emphasis should the railroads place on lower operating ratio.
Year-to-date rail volumes for every commodity except petroleum and petroleum products slumped last week in the United States, according to the Association of American Railroads.
Precision scheduled railroading (PSR) can’t succeed if the Class I railroads aren’t able to fold the shortline railroads into the new operating model, according to one of the early developers of the precision railroading model.
Hundreds of miles of critical freight rails once out of commission due to flooding are back in service.
Canadian National (NYSE: CNI) yesterday unveiled plans to invest US$505 million in capital projects along its U.S. corridor spanning from Wisconsin to Louisiana.
The Surface Transportation Board wants to hear from shippers and the Class I railroads on whether the railroads should supply more rail performance data to the board.
Norfolk Southern’s (NYSE: NSC) chief marketing officer sought to assuage shippers’ concerns at a rail shippers’ conference on April 5, saying his company would engage with shippers and seek opportunities to grow capacity as NSC transitions to the precision scheduled railroading (PSR) operating model.
Precision scheduled railroading (PSR) could benefit customers and shippers, but its deployment pace and how shippers respond to changes will be key to its success, panelists said today at the North East Association of Rail Shippers conference in Baltimore, Maryland.
U.S. rail volumes fell again last week as rail service issues continue to plague the post-flooding Midwestern landscape.
Canadian National (NYSE: CNI) laid out plans to invest C$615 million this year in network infrastructure in eastern Canada amid wider efforts by stakeholders to revamp Canada’s transportation infrastructure and support the nation’s export markets.
The Canadian Transportation Agency (CTA) is seeking public comments on amendments to regulations that govern the rail rates that Canadian National and Canadian Pacific set for hauling grain in western Canada.
Union Pacific (NYSE: UNP) confirmed that it is slowing down its pace of construction at the multi-million dollar Brazos classification yard in Robertson County, Texas. This comes amid UNP’s plans to implement precision scheduled railroading and modify its operating plan to minimize railcar classification events.
U.S. rail volumes are poised to be lower in the first quarter compared with last year, but whether that decline indicates a looming recession remains to be seen.
Flooding has taken many railways out of commission. Here’s a look at the BNSF tracks that are currently underwater.
