Railroad

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).
By Jeff Berman · January 9, 2012
Railroad and intermodal volumes continued to move in the right direction in 2011, according to data released by the Association of American Railroads (AAR).
By Jeff Berman · January 9, 2012
The once tenuous situation regarding a potential railroad strike received more good news last week, when the National Railway Labor Conference said that three more railroad unions have ratified new contracts with the Class Is.
By Jeff Berman · November 29, 2011
As freight transportation volumes are primarily showing flat or modest growth levels, intermodal still is showing very strong growth prospects, with the very likely possibility that the drivers for future intermodal gains are very promising.
By Jeff Berman · November 3, 2011
With a December 31 deadline looming for a short line railroad track maintenance credit looming, the top executive of the American Short Line & Regional Railroad Association (ASLRRA) pulled no punches in explaining why it needs to be extended.
By LM Staff · October 21, 2011
Carload volume—at 303,363—was flat on an annual basis.
By Patrick Burnson · September 23, 2011
Secretary of Transportation Ray LaHood has announced that the Port of San Francisco was awarded $2.97 million for rail improvements aimed at improving segments of its freight rail track
By Jeff Berman · August 24, 2011
The proposed changes would provide greater flexibility to railroads and the FRA in assessing the need for PTC without adversely affecting the safety of America’s rail lines.
By Patrick Burnson · August 10, 2011
A report issued by Intermodal Association of North America this week shows that domestic and international intermodal volumes posted solid gains in Q2 2011
By LM Staff · August 1, 2011

By Patrick Burnson · July 1, 2011
The cost of the U.S. business logistics system jumped up 10.4 percent in 2010, making up more than half of the preceding year’s decline. But don’t expect gains like this to continue as the economy begins to slow and all four transportation modes scramble to make adjustments during this period of unprecedented volatility.

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