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Filed in Railroad Shipping

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.
Posted on 01/29 at 11:12 AM
NewsFeaturesPress ReleasesOtherRailroad ShippingNorfolk SouthernSoftware SurveyPermalink


Thursday, January 14, 2016

Carloads for the week ending January 9 were down 13.5 percent annually at 239,221, and intermodal containers and trailers were up 7.5 percent annually at 258,939.
Posted on 01/14 at 02:27 AM
NewsTransportationIntermodalIntermodalAARRailroad ShippingPermalink


Wednesday, January 13, 2016

Jacksonville, Fla.-based CSX reported it had fourth quarter revenue of $2.781 billion, which was down 13 percent, or $411 million annually, with earnings per share of $0.48 off 2 percent annually and ahead of Wall Street estimates of $0.46 per share.
Posted on 01/13 at 10:34 AM
NewsCSXRailroad ShippingPermalink


Thursday, January 07, 2016

2015 U.S. rail carloads were down 6.1 percent annually at 14,266,204, and U.S. intermodal container and trailer volume was up 1.6 percent at 13,710,646 units.
Posted on 01/07 at 10:24 AM
NewsIntermodalAARRailroad ShippingCarloadPermalink


Friday, December 18, 2015

Carloads were down 13.2 percent annually at 270,953, and intermodal containers and trailers were down 2.3 percent annually at 274,022.
Posted on 12/18 at 01:35 AM
NewsTransportationIntermodalIntermodalAARRailroad ShippingPermalink


Friday, December 11, 2015

Railroad service issues and rates remain front and center, as has been the case in previous incarnations of this legislation. The bill is focused on addressing inefficiencies within the STB, which serves as the federal regulatory body responsible for economic oversight of the U.S. rail system, with regulatory jurisdiction over railroad rate reasonableness, mergers, line acquisitions, new rail-line construction, line abandonment, and other issues.
Posted on 12/11 at 08:27 AM
NewsRailroad ShippingSTBPermalink


Wednesday, December 02, 2015

The organizations penning the letter are part of the Rail Customer Coalition, which is a large coalition of trade associations representing the manufacturing, energy, and agricultural industries reliant on railroads. In the letter, they said that the freight rail industry is critically important to U.S. economic competitiveness and adoption of the reasonable, commonsense and non-controversial reforms in S. 808 will help ensure a more appropriate balance between the rail industry and their customers.
Posted on 12/02 at 12:06 PM
NewsRailroad ShippingSTBPermalink


Wednesday, November 18, 2015

A recent Bloomberg report indicating that Canadian Pacific Railway Ltd. is looking to acquire Norfolk Southern was confirmed by the Class I railroads in separate statements issued over the past two days.
Posted on 11/18 at 10:56 AM
NewsCSXAARRailroad ShippingNorfolk SouthernNITLCPPermalink


Friday, November 13, 2015

Carloads were down 8.7 percent annually at 272,063, and intermodal containers and trailers were down 1.5 percent annually at 267,102.
Posted on 11/13 at 09:29 AM
NewsTransportationIntermodalIntermodalAARRailroad ShippingPermalink


Friday, October 16, 2015

Carloads were down 5.8 percent annually to 281,073, and intermodal containers and trailers were up 0.5 percent annually to 275,160.
Posted on 10/16 at 02:06 AM
NewsIntermodalAARRailroad ShippingCarloadPermalink



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