Union Pacific Corp. in the third quarter saw double-digit gains for income and earnings on modest carload volume improvement and lower fuel prices.
CPKC saw single-digit gains in freight volumes in the third quarter, but the operating ratio climbed as a brief lockout of union employees hit network operations.
Canadian National Railway posted third-quarter revenue slightly better than a year ago as operations appeared fully recovered from destructive wildfires and a labor dispute that briefly shut down the railroad.
An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.
Port-owned New Orleans Public Belt Railroad and logistics specialist Heniff Transportation Systems have opened a new state-backed transload facility aimed at dry and liquid bulk customers.
Norfolk Southern in a filing detailed salary and stock awards that signal it expects Mark George to be a long-term chief executive.
Schenker has been sold, but not to the U.S. private equity group vying for control of the German logistics provider. Transport provider DSV of Denmark has emerged as the winning bidder, Reuters reported, in a deal worth 14 billion euros ($15.43 billion). A consortium of private investors led by CVC Capital Partners of New York […]
New bills in both the Senate and House of Representatives would upgrade the 45G tax credit for inflation and expand trackage covered under the program.
The Montreal Port Authority is spending more than $42 million to restore and upgrade the Pie-IX rail bridge, a project that will also help a port-based sugar refiner boost capacity.
A New York-based venture capital firm and European transport specialist are vying to acquire Schenker, the logistics unit of German national railway Deutsche Bahn, which could shake up the market for logistics services in the U.S.
Despite peak season stress, supply chain bottlenecks failed to materialize during the recovery from the brief lockout of union employees by CN and CPKC.
Minnesota’s federally mandated State Freight Plan identifies key areas for investment in the statewide transportation system to ensure goods movement that is safe, efficient and sustainable.
It could take the two largest Canadian railroads a week or more to recover from the effects of a shutdown that briefly stalled billions in freight including transborder trade with the United States.
Eastern railroad CSX said it had come to tentative agreements with seven more unions ahead of scheduled collective bargaining, just days after it announced five early deals with unionized workers.
As eastbound import traffic continues to grow, Union Pacific announced surcharges for its premium EMP and UMAX services out of the Southern California gateway.
Natron Energy plans to build the first U.S. sodium ion battery plant, thanks to investment by the state-owned rail corridor and other public/private economic development organizations.
CN and CPKC early Thursday locked out 9,300 union employees, bringing trains to a halt in a move that could disrupt supply chains throughout North America.
While contract talks between Canadian National, Canadian Pacific Kansas City and union employees continue, a rail shutdown would reverberate through the supply chain connecting Canada and the U.S.
Amid lockout and strike notices, contract bargaining continues as Ottawa makes a push for both sides to come together on a new rail labor contract.
Canada’s busiest import gateway is managing port fluidity as railroads issue lockout notices, and Teamsters are warning of a planned strike as the latest contract talks fail.
