Filed in Railroad Shipping
Friday, February 18, 2011
Carload volume at 274,043 was up 6.2 percent compared to last year and ahead of the week ending February 5 at 267,682. But it lagged behind the week ending January 29 which hit 291,147 and the week ending January 22 at 282,837. The AAR said that carload volume was up 21.8 percent in the East and down 2.5 percent out West.
The Surface Transportation Board (STB) this week unveiled a proposal to reduce filing fees for complaint cases for shippers to $350. This would be a significant reduction, as under the current process shippers can pay up to $20,600 to file a complaint.
Thursday, February 10, 2011
Legislation recently introduced by Senator Kay Bailey Hutchison (R-Texas) vows to reform the Positive Train Control (PTC) regulatory mandate to reduce compliance costs and maintain a safe rail system.
Rail volumes in January were up compared to the same period in 2010, according to data released by the Association of American Railroads (AAR).
Friday, February 04, 2011
Railroad traffic for the week ending January 22 was up again on an annual basis, according to data released by the Association of American Railroads (AAR).
Wednesday, February 02, 2011
Legislation calling to increase competition in the railroad industry was recently introduced by Senators Jay Rockefeller (D-WV) and Kay Bailey Hutchison (R-TX).
Friday, January 28, 2011
Carload volume at 282,837 was up 1.5 percent compared to the corresponding week last year. This is nearly identical with the week ending January 15, which hit 282,987 carloads.
In what ostensibly has become an annual piece of legislation, a bill designed to remove antitrust exemptions currently granted to the railroad industry was introduced this week.
Tuesday, January 25, 2011
Following through on excellent momentum through the first three quarters of 2010, it was hardly surprising that CSX announced record fourth quarter and full-year 2010 earnings this week.
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Thursday, January 20, 2011
In the latest example of how strong the freight railroad business is, Class I carrier Union Pacific announced today that fourth quarter and full-year earnings were up 44 percent at $1.56 per share and 48 percent at $5.53 per share, respectively, year-over-year.