Class I Railroad

By Jeff Berman · January 27, 2016
While the investments are beyond impressive, 2016 capital expenditure investments rolled out by Class I railroads in recent weeks paint a picture of lower annual spending levels compared to past years.
By Jeff Berman · July 25, 2012
The two largest short line and regional rail operators in North America will become one, with this week’s announcement that Genesee & Wyoming (G&W) will acquire RailAmerica for an all-cash purpose price of $27.50 per share—or roughly $1.39 billion.
By Jeff Berman · October 28, 2010
As has been the case during third quarter earnings, Class I railroad earnings continued to deliver strong results, with Norfolk Southern’s strong earnings results bearing that out. Earnings for the Norfolk, Virginia-based carrier at $445 million were up 47 percent year-over-year. And earnings per share of $1.19 were also up 47 percent, beating Wall Street estimates of $1.09.
By Jeff Berman · September 15, 2010
Earlier today, Senator John D. (Jay) Rockefeller (D-WV) released a report entitled “The Current Financial State of the Class I Freight Rail Industry,” which takes Class I railroads to task for what he described as earning record profit margins at the expense of shipper customers.
By Jeff Berman · September 2, 2010
Class I railroad carrier Norfolk Southern (NS) said it has rolled out a five year goal to reduce its carbon footprint through fuel-savings technology and improvements in operating efficiencies, as well as lower its greenhouse gas emissions per revenue ton-mile 10 percent by 2014 compared with 2009 emissions.
By Jeff Berman · August 23, 2010
Class I railroad carrier Norfolk Southern recently announced it has eliminated what it described as a critical choke point on its Crescent Corridor initiative with a reconfigured rail junction near Front Royal, Virginia.
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From the July 2016 Issue
While it’s currently a shippers market, the authors of this year’s report contend that we’ve entered a “period of transition” that will usher in a realignment of capacity, lower inventories, economic growth and “moderately higher” rates. It’s time to tighten the ties that bind.
2016 State of Logistics: Third-party logistics
2016 State of Logistics: Ocean freight
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