Filed in Rail Freight
Friday, August 10, 2012
Carload volume—at 228,229—was up 0.4 percent annually, and intermodal volumes—at 243,261 trailers and containers—were up 3.3 percent.
Thursday, July 26, 2012
In an effort to “further protect shippers from unreasonable rail rates,” the United States Department of Transportation’s Surface Transportation Board (STB) said this week it is rolling out two initiatives to help them on this front.
Wednesday, 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.
Friday, July 20, 2012
Rail carload and intermodal volumes were both up for the week ending July 14, according to data from the Association of American Railroads (AAR).
Posted on 07/20 at 01:14 AM
Rail Freight •
Wednesday, July 18, 2012
A report by the USPS Office of Inspector General (OIG), entitled “Strategic Advantages of Moving Mail by Rail,” highlights the fact that moving USPS services and products on rail could be highly advantageous and beneficial for the USPS, with multiple benefits.
Friday, July 13, 2012
Carload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.
Monday, July 09, 2012
A Bloomberg report states that the four U.S.-based Class I railroads have asked the U.S. Court of Appeals to reverse the ruling, explaining that it could lead to a cumulative $10 billion or more in potential damages.
Posted on 07/09 at 09:13 AM
Rail Freight •
Friday, June 29, 2012
In a widely anticipated move, Class I railroad carrier Canadian Pacific Railway formally named Hunter Harrison as its president and chief executive office and a member of its Board of Directors.
Carload volume—at 288,730—was up 1.4 percent annually, and intermodal volume—at 246,128 trailer and containers—were up 4.8 percent.
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Tuesday, June 26, 2012
Late last week, a U.S. District judge in the District of Columbia granted class action certification to shipper plaintiffs in a lawsuit which maintains that four United States-based Class I railroads—Burlington Northern Santa Fe, Union Pacific, Norfolk Southern Corp., and CSX—worked together , or colluded, on fuel surcharges assessed to shippers.