Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.
November 28, 2016TCA
Wabtec Earnings Fall on Slumping Freight Market
Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.
February 21, 2017TCA
Proposed Chicago Bypass Freight Railroad Could Have Capacity for 110 Trains a Day
A Great Lakes Basin Railroad forecast shows as many as 60 trains riding its rails daily through southern Lake and Porter counties in Indiana by its third year of operations, with that number declining to the low 50s and finally to 22 at the railroad's eastern terminus in LaPorte County.
November 16, 2016TCA
Pinched by Fewer Energy Products, Rail Carriers Broadening Customers
This year will be another disappointing one for freight rail carriers hauling fewer carloads of coal and natural-gas drilling supplies through southwestern Pennsylvania.
November 15, 2016BusinessLogistics
Railroads, Shippers Draw Battle Lines Over Proposed STB Rule
Railroads and shipper groups have sketched their strategy for a potentially historic Surface Transportation Board battle over the future of rail competition, with comments to the agency as well as taking steps to recruit allies.
November 2, 2016GovernmentBusinessLogistics
Feds Want More Info on Proposed Great Lakes Basin Freight Railroad
The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad.
October 13, 2016GovernmentBusinessLogistics
Railroad Regulators Award $25 Million for Automatic Braking System
Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.
August 16, 2016BusinessLogistics
Providence and Worcester Railroad Sold for $125 Million
Genesee & Wyoming Inc. has an agreement to buy Worcester’s Providence and Worcester Railroad Co. under a $125 million deal unveiled Aug. 15.
August 16, 2016BusinessLogistics
Union Pacific Profit Tops Estimates on Cost Cuts as Cargo Drops
Union Pacific Corp. reported profit that beat analysts’ estimates after cutting costs as the railroad heads for its first annual drop in sales since the recession in 2009.
October 22, 2015BusinessLogistics
Canadian Pacific Stoppage Ended by Binding Arbitration
A two-day strike at Canadian Pacific Railway Ltd. by the Teamsters Canada Rail Conference ended when both sides agreed to binding arbitration to end a dispute covering approximately 3,000 train crew workers.
February 17, 2015