Filed in Rail Freight
Wednesday, October 17, 2012
Leading off third quarter earnings results for Class I railroads, CSX last night reported net earnings of $455 million, which was down 2 percent annually and $0.44 per share, which fell short of Wall Street estimates of $0.47 and ahead of last year’s $0.43.
Friday, October 05, 2012
September carloads—at 1,152,174—were down 3.7 percent—or 43,746 carloads— annually. Intermodal—at 973,715 trailers and containers—was up 2.5 percent—or 24,126 trailers and containers—compared to September 2011.
Monday, October 01, 2012
The U.S. railroad industry, consisting of over 600 large and small service providers, has successfully engineered itself into a viable and largely profitable segment of the nation’s logistics marketplace.
Friday, September 28, 2012
Carload volume—at 292,644—was down 4.1 percent, and intermodal volumes—at 250,253 trailers and containers—were up 0.7 percent.
Friday, September 21, 2012
Carload volume—at 291,350—was down 2.9 percent annually, and intermodal—at 251,720 trailers and containers—were up 3.9 percent.
Thursday, September 20, 2012
NS said it expects earnings to be in the $1.18-$1.25 range per diluted share.
Friday, September 14, 2012
Carload volume—at 272,301—was down 2.3 percent annually , and intermodal volumes—at 214,517 trailers and containers—were up 3.1 percent.
Thursday, September 13, 2012
Earlier this month, Class I railroad carrier CN rolled out plans to increase its assets by acquiring more than 2,200 new freight cars this year and 1,300 new containers. Company officials said the impetus for this is to support traffic growth and improve service.
Tuesday, September 11, 2012
STB officials wrote in a decision to the two railroads, whom were seeking STB approval for the discussion, that it determined it was a “minor transaction” as defined by its regulations.
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Friday, September 07, 2012
August carloads—at 1,461,680—were down 1.4 percent annually. Intermodal—at 1,230,992 trailers and containers—was up 4.3 percent.
Posted on 09/07 at 09:42 AM
Rail Freight •