The Surface Transportation Board, now reduced to two members, decided to wade further into rail service oversight and stay out of a California rail emissions case.
January 12, 2015BusinessLogistics
Cargo Rates Trigger Shipper Backlash as US Rails Soar
After CSX Corp. raised rates for shipping specialty gas by 41% over three years, Diversified CPC International Inc. had to shutter a production line near Chicago.
August 21, 2014BusinessLogistics
Union Pacific Net Income Rises 17%
Union Pacific Corp.’s second-quarter net income rose 17% to $1.29 billion, or $1.43 per share, continuing a trend of profit growth reported by other railroads.
July 24, 2014BusinessLogistics
Canadian Railroads’ Second-Quarter Earnings Rise
Canada’s two major freight railroads reported higher second-quarter earnings from a year ago, recovering from challenging winter conditions last quarter.
July 23, 2014BusinessLogistics
BNSF, CP Pledge to Provide Trains to Ship Fertilizer to US Farmers
The two main railroads serving the oil-producing states in the Upper Midwest have pledged to dedicate enough equipment to get adequate fertilizer shipments to farmers there in time for spring planting.
April 28, 2014BusinessLogistics
Norfolk Southern’s First Quarter Profit Declines
Norfolk Southern Corp. said its first-quarter profit declined and operating revenue dropped 2%.
April 23, 2014BusinessLogistics
Canadian Railroads’ 1Q Earnings Rise
Canada’s two major freight railroads reported higher first-quarter earnings from a year ago despite harsh winter conditions.
April 23, 2014BusinessLogistics
STB Pressures Two Railroads to Speed Fertilizer Shipments
BNSF Railway and Canadian Pacific Railway, the primary railroads in oil-rich North Dakota, last week came under federal pressure to accelerate fertilizer shipments to the region after delays on both lines slowed that freight as planting deadlines approach.
April 21, 2014BusinessLogistics
Union Pacific’s 1Q Earnings Jump 14%
Union Pacific Corp.’s first-quarter earnings jumped 14% to $1.1 billion, or $2.38 a share, the company reported April 17. Revenue rose 6.6% to $5.64 billion.
April 17, 2014BusinessLogistics
CSX Reports 1Q Income Drops 14%
CSX Corp. reported its first-quarter net income fell 14% to $398 million, or 40 cents per share, as the rail industry began its first-quarter round of earnings reports on a lower note.
April 16, 2014