Filed in Rail Freight
Monday, June 04, 2012
A railroad expert provides guidance on things rail shippers should be in the know on.
Friday, June 01, 2012
Carload volume at 291,381 was up 1.3 percent compared to the same week last year, and intermodal at 244,726 trailers and containers was up 4.3 percent annually
Thursday, May 24, 2012
Carload volume—at 280,565—was down 5 percent annually. Intermodal volumes—at 241,664 trailers and containers—were up 3.1 percent .
Posted on 05/24 at 12:04 PM
Rail Freight •
Thursday, May 17, 2012
Class I railroad carrier Canadian Pacific Railway Ltd. said ahead of its annual shareholder meeting earlier today that Fred Green, president and CEO, has left the company. This move comes in the wake of a proxy vote by activist investor Bill Ackman, head of Pershing Square Capital Management, and the single largest CP shareholder with a 14.1 percent stake in the company.
Friday, May 04, 2012
April carloads—at 1,113,105—were down 64,335 carloads or 5.5 percent annually. Intermodal—at 946,951 trailers and containers—was up 32,505 units or 3.6 percent compared to April 2011.
Posted on 05/04 at 08:38 AM
Rail Freight •
Tuesday, May 01, 2012
Savvy shippers have found ways to put the nation’s rails back to work—and the railroads have flourished. But while current market conditions are favorable
for shippers, questions remain over how the nation’s rail and intermodal network will respond when volume ratchets up past pre-recession levels.
Friday, April 27, 2012
Carload volume—at 282,262—was down 3.6 percent annually and ahead of the week ending April 14 at 276,789 and the week ending April 7 at 270,974.
Wednesday, April 25, 2012
The Norfolk, Virginia-based carrier reported first quarter net income of $410 million—or $1.23 per share—which was up 26 percent compared to the first quarter of 2011 and ahead of Wall Street expectations of $1.12 per share.
Wednesday, April 18, 2012
Class I railroad carrier CSX last night reported record first quarter earnings of $449 million and $0.43 per share. The earnings per share performance exceeded Wall Street expectations of $0.38 per share and was up 23 percent annually.
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Friday, April 13, 2012
Carload volume—at 270,974—was down 7.7 percent annually, and intermodal volumes—at 231,153—were up 1.1 percent.