Railroads, Shippers Draw Battle Lines Over Proposed STB Rule
Railroads and shipper groups have sketched their strategy for a potentially historic Surface Transportation Board battle over the future of rail competition, with comments to the agency as well as taking steps to recruit allies.
November 2, 2016Feds Want More Info on Proposed Great Lakes Basin Freight Railroad
The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad.
October 13, 2016Railroad Regulators Award $25 Million for Automatic Braking System
Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.
August 16, 2016Providence and Worcester Railroad Sold for $125 Million
Genesee & Wyoming Inc. has an agreement to buy Worcester’s Providence and Worcester Railroad Co. under a $125 million deal unveiled Aug. 15.
August 16, 2016Union Pacific Profit Tops Estimates on Cost Cuts as Cargo Drops
Union Pacific Corp. reported profit that beat analysts’ estimates after cutting costs as the railroad heads for its first annual drop in sales since the recession in 2009.
October 22, 2015Canadian Pacific Stoppage Ended by Binding Arbitration
A two-day strike at Canadian Pacific Railway Ltd. by the Teamsters Canada Rail Conference ended when both sides agreed to binding arbitration to end a dispute covering approximately 3,000 train crew workers.
February 17, 2015STB to Continue Railroad Reviews, Sidesteps California Emissions Case
The Surface Transportation Board, now reduced to two members, decided to wade further into rail service oversight and stay out of a California rail emissions case.
January 12, 2015Cargo Rates Trigger Shipper Backlash as US Rails Soar
After CSX Corp. raised rates for shipping specialty gas by 41% over three years, Diversified CPC International Inc. had to shutter a production line near Chicago.
August 21, 2014Union Pacific Net Income Rises 17%
Union Pacific Corp.’s second-quarter net income rose 17% to $1.29 billion, or $1.43 per share, continuing a trend of profit growth reported by other railroads.
July 24, 2014Canadian Railroads’ Second-Quarter Earnings Rise
Canada’s two major freight railroads reported higher second-quarter earnings from a year ago, recovering from challenging winter conditions last quarter.
July 23, 2014