railroad

The drop comes as the Class I railroads look to the second half of 2020 for volume growth.

The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.

This week marked the first of what looks to be a tough earnings season. See who reported over the past seven days.

Year-to-date U.S. rail traffic is 7.8% lower compared with the same period in 2019.

Service improvements will help grow rail volumes and revenue, the company said during its fourth-quarter earnings call Friday.

Coal declines and a still sluggish industrial economy could put pressure on revenue this year. Still, CSX sees upside potential for intermodal and merchandise volumes.

Net profit for Kansas City Southern (NYSE: KSU) slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer products. Fourth-quarter net income was $127.2 million, or $1.30 diluted earnings per share, compared with $161.1 million, or $1.59 diluted […]

Net earnings fell 8.5% in the fourth quarter of 2019 compared with the same period a year ago.

U.S. carloads and intermodal units are down year to date from the same period in 2019.

Improving rail volumes and service are among the crucial issues to look out for as the railroads reveal their 2020 guidance in the coming days.

Technology will have a key role, but how will shippers and labor benefit from the railroads’ high-tech initiatives, panel asks.

The Denver-based short line operator promotes from within for the new roles.

Two Norfolk Southern-owned or -operated rail facilities in West Virginia and Virginia have been impacted by closure and layoffs.

The railway will work with NorFalco Sales, a division of Glencore Canada, to handle sulfuric acid volumes at facilities in Ontario and Quebec.

Association of American Railroads reports volumes continue to run lower than a year ago.

A U.S. judicial panel will hold a hearing in late January that will take up defendant Class I railroads’ request to move legal proceedings on fuel surcharge price fixing to one court.

New hopper cars and a high-efficiency train model at some elevators help boost volumes.

U.S. rail volumes fell 5% in 2019 amid trade worries, a sluggish industrial economy and a significant drop in coal carloads.

Lower rail volumes, an active Surface Transportation Board and a strike were among the key events that the U.S. and Canadian freight rail industry experienced this year.

The U.S. operations of the Class I railroads continue to shed employees.