Railroad

By Jeff Berman · July 17, 2013
Class I railroad carrier CSX today reported second quarter net earnings of $535 million and $0.52 per share, which was up four percent annually and beat Wall Street estimates of $0.47 per share.
By Mike Regan · April 11, 2013
As the Chairman of NASSTRAC’s Advocacy Committee, in concerns me when a shipper asks the following: “Why should I get informed, engaged and involved in what is happening in the transportation industry?”
By Jeff Berman · November 6, 2012
A slow growing economy and the staving off of a potential east and gulf coast ports strike translated into mixed shipment and expenditure results in October, according to the October edition of the Cass Freight Index Report from Cass Information Systems.
By Jeff Berman · October 26, 2012
Carload volume—at 288,791—was down 4.4 percent annually, and intermodal volumes—at 253,883 trailers and containers—were up 3.5 percent annually.
By LM Staff · 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.
By Jeff Berman · July 9, 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.
By LM Staff · June 15, 2012
Carload volume was down 1.7 percent compared to the same week last year and intermodal volumes were up 3.8 percent.
By Jeff Berman · June 4, 2012
A railroad expert provides guidance on things rail shippers should be in the know on.
By LM Staff · June 1, 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
By LM Staff · 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.
By Jeff Berman · 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.
By Jeff Berman · March 26, 2012
Last week, the Department of Transportation’s Surface Transportation Board (STB) held a public hearing to explore the impact of Berkshire Hathaway’s acquisition of the BNSF Railway Company on “certain costing determinations.”
By LM Staff · March 16, 2012
Carload volume-at 278,728-was down 4.8 percent annually, and intermodal-at 226,039 trailers and containers—was up 4.2 percent annually.
By LM Staff · March 2, 2012
Earlier today, Class I railroad carrier Union Pacific reported that Chairman, President and CEO James R. Young is taking a medical leave of absence while being treated for pancreatic cancer.
By LM Staff · January 20, 2012
Following a sluggish first week of 2012, rail volumes for the week ending January 14 showed solid growth, according to data from the Association of American Railroads (AAR).

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