BNSF, CP Pledge to Provide Trains to Ship Fertilizer to US Farmers
The two main railroads serving the oil-producing states in the Upper Midwest have pledged to dedicate enough equipment to get adequate fertilizer shipments to farmers there in time for spring planting.
April 28, 2014Norfolk Southern’s First Quarter Profit Declines
Norfolk Southern Corp. said its first-quarter profit declined and operating revenue dropped 2%.
April 23, 2014Canadian Railroads’ 1Q Earnings Rise
Canada’s two major freight railroads reported higher first-quarter earnings from a year ago despite harsh winter conditions.
April 23, 2014STB Pressures Two Railroads to Speed Fertilizer Shipments
BNSF Railway and Canadian Pacific Railway, the primary railroads in oil-rich North Dakota, last week came under federal pressure to accelerate fertilizer shipments to the region after delays on both lines slowed that freight as planting deadlines approach.
April 21, 2014Union Pacific’s 1Q Earnings Jump 14%
Union Pacific Corp.’s first-quarter earnings jumped 14% to $1.1 billion, or $2.38 a share, the company reported April 17. Revenue rose 6.6% to $5.64 billion.
April 17, 2014CSX Reports 1Q Income Drops 14%
CSX Corp. reported its first-quarter net income fell 14% to $398 million, or 40 cents per share, as the rail industry began its first-quarter round of earnings reports on a lower note.
April 16, 2014Canadian Pacific’s 4Q Net Income Rises
Canadian freight railroad Canadian Pacific’s fourth-quarter net income rose to C$82 million, or 47 Canadian cents per share, from C$15 million, or 8 cents, a year earlier.
January 29, 2014Railroads Report Increased 3Q Earnings
Norfolk Southern Corp., Canadian Pacific and Canadian National Railway Co. reported their third-quarter profits increased.
October 23, 2013Bill Would Allow Rail-Safety Technology Deadline Extension
Sen. John Thune (R-S.D.) has introduced legislation that would extend until 2020 a federal statutory deadline that freight railroads install collision-avoidance technology.
August 6, 2013Canadian Railroads’ Earnings Improve
Canada’s two major freight railroads reported higher second-quarter earnings from a year ago on stronger rates and volume.
July 24, 2013