Filed in Railroad Shipping
Friday, April 29, 2016
Carloads saw a 17.1 percent annual decline to 230,599, and intermodal containers and trailers were off 6.3 percent at 261,347.
Friday, April 22, 2016
Carloads fell 12.9 percent annually to 240,462, and intermodal containers and trailers were off 7.4 percent at 259,317.
Monday, April 18, 2016
Freight transportation shipments and expenditures finished the first quarter in declining fashion, according to the most recent edition of the Cass Freight Index Report from Cass Information Systems.
Friday, April 15, 2016
Carloads dropped 20 percent compared to the same week a year ago at 229,704, and intermodal containers and trailers were off 7.8 percent annually at 249,355.
Monday, April 11, 2016
The proposed nearly $30 billion merger of Class I railroad heavyweights Canadian Pacific (CP) and Norfolk Southern (NS) has come to an end despite myriad repeated overtures by the former. That was the word from Calgary-based CP, with the company saying today it has officially terminated its efforts to merge with CP, coupled with withdrawing a resolution in which it had asked NS shareholders to vote in favor of good-faith negotiations between the railroads and stating that it will not make any further financial offers or overtures to meet with the NS board of directors.
Friday, April 08, 2016
Carloads fell 14.2 percent, or 198,737, to 1,196,167, and intermodal containers and trailers were down 7.7 percent, or 104,343 units, to 1,250,925 in March.
Monday, March 28, 2016
With Congress having passed the Surface Transportation Board Reauthorization Act into law late last year, a rail shippers group is ready for the bill’s objectives to be put into motion in order for the STB to be able to implement free-market reforms and resolve rate disputes in a swift and fair manner.
Posted on 03/28 at 10:02 AM
Railroad Shipping •
Friday, February 19, 2016
Carloads continued to slide, falling 15.4 percent, or 244,344 carloads, annually, and intermodal trailers and containers headed up 10.4 percent annually to 260,814.
Friday, February 12, 2016
Carloads saw a 11.7 percent annual decline at 241,680, and intermodal containers and trailers rose 10.5 percent to 262,830
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Friday, January 29, 2016
Class I railroad carrier Norfolk Southern this week released additional information on its strategic plan, which it said is geared to streamline operations and drive profitability and growth on various fronts. NS officials said its projected expense reduction and cost control efforts will be focused in a few specific areas, including compensation and benefits, purchased services and rents, materials, and fuel. The company initially introduced the plan on December 4, 2015.