Rail News

Intermodal provider Pacer International had a

Norfolk Southern Railway saw third quarter profit jump 24 percent to $554 million, with a solid 3.3 percent growth in volume, and the Eastern railroad said growth is continuing despite widespread conc

Trinity Industries, North America’s largest railcar manufacturer and builder of barges, wind towers and steel construction supports, saw third-quarter profit and revenue leap at its railcar buil

The board of directors at Canadian National Railway authorized the company to buy back up to

Canadian National Railway’s profit rose 19 percent to $648 million in the third quarter from a year ago

Third-quarter profit fell 5.3 percent at Canadian Pacific Railway to $184 million, as it lost 10.1 percent of intermodal traffic from a year earlier while battling extreme weather disruptions.

Truck manufacturer Paccar reported the highest quarterly revenue in its history as U.S. truck operators raced to replace aging heavy trucks with newer models.

Container Corp.

U.S.

Agri-Food Central Ltd.

One country’s container tax is another country’s trade barrier. A coalition of six major U.S. West Coast ports and two major railroads argues that the U.S.

The two Class 1 railroads serving the ports of Virginia are playing musical chairs. When the music stops, the big winner will be the Virginia Port Authority.

For months, year-over-year gains in rail freight traffic have countered gloom-and-doom warnings about the U.S. economy heading back into recession.

Record third quarter freight traffic and record revenue pushed Kansas City Southern’s profit up 99 percent from a year earlier to $99.8 million.

About 430 employees at three U.S.

North America’s freight railroads aren’t burning up the tracks with surging peak-season traffic, but they’re still posting moderate gains in volume compared to last year.

Railcar leasing giant GATX saw profit in its rail segment soar 93 percent in the third quarter to $63 million, largely due to increases in pricing and fleet utilization.

The National Resources Defense Council filed suit this week against the Union Pacific and BNSF railroads to require the c

Third-quarter profit at Union Pacific, North America’s largest railroad, rose 16 percent to $904 million despite slim volume growth in what its CEO called an “uncertain” economy.

GE Transportation will spend $231 million to upgrade two factories to meet North American and foreign demand for locomotives, mining equipment and other products including marine engines.

A jump in apartment construction caused homebuilding to rise at the fastest rate in 17 months, but other data point to continued weakness in a real estate market that’s dragging down containeriz

CSX Transportation looks for the U.S. economy and its rail freight traffic to keep growing “at a modest rate” in the next few quarters, said Michael Ward, its chairman and CEO.

Groupe Eurotunnel, operator of the undersea rail tunnel between France and the U.K., boosted third quarter revenue 10 percent year-over-year on higher truck and rail freight traffic.

TransContainer, Russia’s largest rail container operator, boosted third quarter traffic by 9.3 percent year-over-year, partly due to 28.7 percent jump in export shipments.

CSX Transportation saw its profit rise 12 percent to $464 million in the third quarter, as revenue increased 11 percent from a year earlier to nearly $3 billion while freight volume edged up just 1 pe

U.S. job growth nearly came to a halt at the seven largest freight railroads from mid-August to mid-September, a period when weekly rail traffic was running slightly ahead of 2010 levels.

U.S. agriculture industry officials are stepping up efforts to restore barley exports to Japan after a steep and rapid downturn in shipments in recent years.

Port planner John Vickerman sees the expanded Panama Canal's effect on U.S. trade shaking out in either of two ways.

Canadian Pacific Railway is partnering with truck and logistics provider Contrans by using collapsible containers to convert some flatbed-type shipments to double-stack rail intermodal service.

Maersk Line and CSX Transportation signed a contract for the railroad to haul the Danish ocean carrier’s discretionary cargo from APM terminal in Portsmouth, Va., to the Midwest.

Kuehne + Nagel’s earnings grew 1.1 percent in the first nine months of 2011 from a year earlier as the Swiss logistics company boosted ocean container and air cargo shipments in a softening mark

President Obama stepped into a simmering dispute between rail unions and most major railroads Oct.

North America’s major freight railroads hauled 2.1 percent more intermodal traffic than a year earlier in the week ending Oct. 8, while bulk carload traffic grew 3.3 percent.

The Virginia Port Authority is expanding its market for discretionary container shipments into the Southeast and the Midwest through two new rail services.

North American intermodal traffic is hitting all-time weekly highs but the biggest railroads are raising caution flags about how the freight business will fare in coming months.

The rail peak season is under way for intermodal and some other cargoes, and the heads of major railroads have been preparing for months.

A recession forecast from the Economic Research Cycle Institute could point to a slump in rail freight volumes in coming months based on past correlations, says analyst Matthew Troy of Susquehanna Int

Logistics services company Transplace is expanding from its trucking base into intermodal rail by merging with intermodal marketer Celtic International.

DB Schenker said its new daily rail container service between Germany and China, starting in late November, will more than halve the transit time of sea transport.

With cargo volumes moving through the Alameda Corridor in Southern California still recovering from the 2008-09 recession, the ports of Los Angeles and Long Beach have been called upon to cover the co