Railroad Shipping

By LM Staff · September 21, 2012
Carload volume—at 291,350—was down 2.9 percent annually, and intermodal—at 251,720 trailers and containers—were up 3.9 percent.
By Jeff Berman · September 20, 2012
NS said it expects earnings to be in the $1.18-$1.25 range per diluted share.
By Jeff Berman · September 11, 2012
STB officials wrote in a decision to the two railroads, whom were seeking STB approval for the discussion, that it determined it was a “minor transaction” as defined by its regulations.
By LM Staff · August 31, 2012
Carload volume—at 297,042—was down 0.8 percent annually, and intermodal volumes—at 248,364 trailer and containers were up 5.2 percent annually.
By LM Staff · August 24, 2012
Carload volume—at 293,916—was down 2.1 percent annually, and intermodal volumes—at 247,224 trailers and containers—were up 3.6 percent.
By Jeff Berman · August 21, 2012
A report submitted to Congress by the Federal Railroad Administration earlier this month stated that there are still many obstacles to implementing Positive Train Control systems for U.S. railroads.
By LM Staff · August 10, 2012
Carload volume—at 228,229—was up 0.4 percent annually, and intermodal volumes—at 243,261 trailers and containers—were up 3.3 percent.
By Jeff Berman · July 26, 2012
In an effort to “further protect shippers from unreasonable rail rates,” the United States Department of Transportation’s Surface Transportation Board (STB) said this week it is rolling out two initiatives to help them on this front.
By Jeff Berman · July 25, 2012
The two largest short line and regional rail operators in North America will become one, with this week’s announcement that Genesee & Wyoming (G&W) will acquire RailAmerica for an all-cash purpose price of $27.50 per share—or roughly $1.39 billion.
By Jeff Berman · July 18, 2012
A report by the USPS Office of Inspector General (OIG), entitled “Strategic Advantages of Moving Mail by Rail,” highlights the fact that moving USPS services and products on rail could be highly advantageous and beneficial for the USPS, with multiple benefits.
By LM Staff · July 13, 2012
Carload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.
By Jeff Berman · June 29, 2012
In a widely anticipated move, Class I railroad carrier Canadian Pacific Railway formally named Hunter Harrison as its president and chief executive office and a member of its Board of Directors.
By Jeff Berman · June 26, 2012
Late last week, a U.S. District judge in the District of Columbia granted class action certification to shipper plaintiffs in a lawsuit which maintains that four United States-based Class I railroads—Burlington Northern Santa Fe, Union Pacific, Norfolk Southern Corp., and CSX—worked together , or colluded, on fuel surcharges assessed to shippers.
By Jeff Berman · June 8, 2012
The Association of American Railroads (AAR) reported that carload and intermodal volumes were mixed in May, continuing an uneven trend of growth on the tracks.
By LM Staff · 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.

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