Norfolk Southern Refused to Hire or Keep People With Medical Problems, Federal Agency Says in Lawsuit
Norfolk Southern Corp. systematically refused to hire or retain people with a wide range of real or perceived medical problems including cancer, diabetes, arthritis and heart problems, the federal government claims in a federal lawsuit filed Sept. 27 in Pittsburgh
CSX Layoffs Hit Chicago Switching Yard Amid National Cost-Cutting Moves, Union Says
Railroad giant CSX, which is under fire from regulators for operating changes that have disrupted its freight service nationwide, laid off more than 6o employees this week at its primary Chicago switching yard, according to the workers’ union.
Fla. County Receives Federal Grant to Improve Railway
The Department of Transportation has approved an $8.67 million grant for Taylor County, Fla., to revitalize 80 miles of railway between Florida and Georgia, Rep. Neal Dunn (R-Fla.) has announced.
Rail Hot Streak Continues: Union Pacific Profits Up 19%, Beat Estimates
Freight rail carrier Union Pacific Corp. announced July 20 that profits jumped 19% in the second quarter after CSX Corp. and Canadian Pacific Railway posted strong gains earlier in the week.
Analysis: CSX Profit Chugs Along, but Could Come at a Price
CSX Corp. investors who endorsed a massive pay package to bring railroad wunderkind Hunter Harrison on board as CEO are already seeing the payoff. The question is, at what cost?
Railroad 1Q Profits Increase on Rebound in Coal Shipping
All publicly traded freight railroads reported higher profits in the first quarter, led by a strong rebound in coal transportation from the doldrums of recent years and continued improvement in the intermodal sector.
Wabtec Earnings Fall on Slumping Freight Market
Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.
Shippers Spur Competition Between Trucks, Railroads
Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.
Proposed Chicago Bypass Freight Railroad Could Have Capacity for 110 Trains a Day
A Great Lakes Basin Railroad forecast shows as many as 60 trains riding its rails daily through southern Lake and Porter counties in Indiana by its third year of operations, with that number declining to the low 50s and finally to 22 at the railroad's eastern terminus in LaPorte County.
Pinched by Fewer Energy Products, Rail Carriers Broadening Customers
This year will be another disappointing one for freight rail carriers hauling fewer carloads of coal and natural-gas drilling supplies through southwestern Pennsylvania.