The Greenbrier Cos. said Chief Executive Lorie Tekorius has been appointed to the Portland, Oregon, branch of the Federal Reserve Bank of San Francisco.
Liner operator Ocean Network Express and LX Pantos are partnering on Boxlinks for U.S. domestic intermodal logistics.
How bad can it get for cross-border?
British infrastructure investor Ancala and Arkadia Rail Partners have teamed up to purchase Lehigh Valley Rail Management.
Norfolk Southern COO John Orr has the railroad running tighter and faster.
Canadian Pacific Kansas City said fourth-quarter revenues increased to $3.9 billion from $3.8 billion a year ago, as diluted earnings per share increased to $1.28 from $1.10 in the same quarter in 2023. The Calgary, Alberta-based company (NASDAQ: CP) said after markets closed that its operating ratio decreased by 210 basis points to 59.7% from […]
Canadian National and the International Brotherhood of Electrical Workers of Canada have reached a tentative agreement on a new four-year contract, averting a strike that was slated to begin Tuesday. The union represents approximately 750 signals and communications employees across Canada. They have been working without a contract since Dec. 31, 2024. Montreal-based CN (NYSE: […]
Railcar and locomotive lessor GATX reported 2024 fourth-quarter net income of $76.5 million or $2.10 per diluted share, compared to net income of $66 million or $1.81 per diluted share in the fourth quarter of 2023. Chicago-based GATX (NYSE: GATX) said utilization of its Rail North America unit’s wholly owned fleet, comprising approximately 111,400 cars, […]
Canadian National Railway is bracing for a work stoppage Tuesday after members of the International Brotherhood of Electrical Workers (IBEW) in Canada issued a 72-hour strike notice. The union represents about 750 signal and communications workers, who are prepared to walk out if a new agreement is not reached by a Jan. 28 deadline. “CN […]
Declines in coal and fuel surcharge revenue hit CSX profits in the fourth quarter.
CSX Corp. today reported fourth-quarter 2024 operating income of $1.11 billion that fell compared to $1.32 billion in the prior year period. Revenue totaled $3.54 billion for the quarter, off 4% year over year as declines in fuel surcharge and coal revenue offset higher pricing, merchandise volume and volume growth in intermodal. Net income was […]
Union Pacific reported profit 7% higher from a year ago, as rail freight volumes gained and operating margin improved.
Container volumes have not slowed in January, blowing out year-over-year comps.
Republican Patrick J. Fuchs has been designated by President Trump as chairman of the Surface Transportation Board.
CN has rolled out a hybrid biofuel-ready locomotive it says could reduce fuel consumption by 50% compared with typical diesel power.
While U.S. businesses look forward to 2025, the Association of American Railroads says policy and economic uncertainty tempers the year-ahead outlook.
At TRB, educators and rail executives urge a strategic rethinking of how the industry attracts new talent, upskills current workers.
Resilient consumer spending and a healthy jobs market underpinned record intermodal volumes through November, a new report finds, as the U.S. economy enjoys stable footing approaching 2025.
While railroads for years have talked about growth, the head of a major short line says it’s high time they embraced enterprisewide technology that’s reshaping the transportation industry.
Trinity Industries, which builds tank cars, covered hoppers and other freight cars saw lower revenue but higher profits on better railcar lease rates and improved efficiencies.
