The largest U.S. freight railroads reached a tentative agreement last week with a union representing track and bridge maintenance workers, eliminating the possibility of a nationwide work stoppage.
February 3, 2012BusinessLogistics
Kansas City Southern Posts Higher 1Q Profit
Kansas City Southern on Tuesday reported its first-quarter earnings rose to $75 million, or 68 cents a share, from $64 million, or 58 cents, the previous year.
April 24, 2012BusinessLogistics
Canadian Railroads Report Higher Earnings
Canada鈥檚 two biggest freight railroads reported higher earnings for the first quarter.
April 24, 2012BusinessLogistics
CSX Reports Gains in 1Q Income, Revenue
CSX Corp. on Tuesday said its first-quarter earnings rose on higher volume, pricing gains and fuel recovery.
April 17, 2012GovernmentBusinessLogistics
Railroad Crossing Rule Still Being Considered
While the notion that trucks should not stop on a railroad track seems to make a lot of sense, federal regulars have yet to finalize a proposed federal railroad grade crossing rule that they say would save lives.
April 10, 2012BusinessLogistics
Norfolk Southern Reports Record Earnings
Norfolk Southern Corp. said its fourth-quarter profit rose 19%, on higher traffic and rates.
January 25, 2012BusinessLogistics
CSX Reports Higher 4Q Profit
CSX Corp.鈥檚 fourth-quarter profit rose 6% as higher rates offset a decline in volume, the freight railroad said.
January 24, 2012BusinessLogistics
Union Pacific鈥檚 4Q Income Jumps 24%
Union Pacific Corp. said Thursday its fourth-quarter profit jumped 24% on higher rates and volumes.
January 19, 2012BusinessLogistics
As National Rail Strike Looms, Freight Customers Seek Options
U.S.-based freight railroads and their major customers, including intermodal fleets, raced last week to prepare for what could be the first nationwide rail strike in two decades as soon as Dec. 6.
December 5, 2011BusinessLogistics
Railroads, Unions Reach Agreement, Avoiding Strike
Freight railroads reached labor agreements with two unions, averting a strike for the holiday shipping season, after U.S. lawmakers said they were prepared to intervene in the dispute, Bloomberg reported Friday.
December 2, 2011