Railroads, Union Agree; Possible Strike Averted
The largest U.S. freight railroads reached a tentative agreement last week with a union representing track and bridge maintenance workers, eliminating the possibility of a nationwide work stoppage.
February 3, 2012Norfolk Southern Reports Record Earnings
Norfolk Southern Corp. said its fourth-quarter profit rose 19%, on higher traffic and rates.
January 25, 2012CSX Reports Higher 4Q Profit
CSX Corp.’s fourth-quarter profit rose 6% as higher rates offset a decline in volume, the freight railroad said.
January 24, 2012Union Pacific’s 4Q Income Jumps 24%
Union Pacific Corp. said Thursday its fourth-quarter profit jumped 24% on higher rates and volumes.
January 19, 2012As National Rail Strike Looms, Freight Customers Seek Options
U.S.-based freight railroads and their major customers, including intermodal fleets, raced last week to prepare for what could be the first nationwide rail strike in two decades as soon as Dec. 6.
December 5, 2011Railroads, Unions Reach Agreement, Avoiding Strike
Freight railroads reached labor agreements with two unions, averting a strike for the holiday shipping season, after U.S. lawmakers said they were prepared to intervene in the dispute, Bloomberg reported Friday.
December 2, 2011Canadian Railroads Report Mixed Earnings
Canada’s two biggest freight railroads reported mixed earnings this week.
October 26, 2011Kansas City Southern’s 3Q Profit Doubles
Kansas City Southern reported its third-quarter earnings rose to $100 million, or 91 cents a share, from $50 million, or 48 cents, the previous year.
October 26, 2011Union Pacific’s 3Q Income Rises 16%
Union Pacific Corp.’s third-quarter profit increased 16% from a year ago as higher prices offset slower growth in shipments and fuel costs.
October 20, 2011CSX Reports Record Second-Quarter Profit
CSX Corp. late Tuesday reported record second-quarter earnings, as its profit rose to $506 million, or 46 cents per share, from $414 million, or 36 cents, a year ago.
July 19, 2011