Grupo Mexico rail operations earnings plunge as volume drops
Volumes by carload at Grupo Mexico’s transportation division fell 6.1% in the first quarter, including declines of 21% in automotive traffic and 20% in minerals traffic.
Volumes by carload at Grupo Mexico’s transportation division fell 6.1% in the first quarter, including declines of 21% in automotive traffic and 20% in minerals traffic.
Pricing gains and volume growth spurred BNSF Railway to modestly higher first-quarter profits.
Carload volumes for North American railroads are still running ahead of year-ago levels.
Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.
The latest heritage unit to join Union Pacific’s fleet honors Abraham Lincoln, who enabled the building of the transcontinental railroad.
New legislation would upgrade a federal tax credit short line railroads depend on for infrastructure spending.
Supply chain businesses ranging from rail to trucking to warehousing saw layoffs and bankruptcies throughout April, as tariffs and other economic factors slam freight markets.
With Chinese imports tanking and fewer calls expected at West Coast ports, many empty containers won’t have a way back to Asia.
Falling fuel surcharge revenue offset record freight revenue for Class I railroad Union Pacific in the first quarter.
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.
Parallel Systems says its autonomous electric railcars will begin testing on two Georgia railroads this month.
A bipartisan bill in Congress would tackle the burgeoning problem of rail cargo theft.
Shortline railroads are precisely the business partners that major railroads need to stanch a decline in the carload business, a consultant says.
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