Union 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, 2015DHL Global Forwarding, Freight Celebrates Bicentennial Birthday
DHL Global Forwarding, Freight, is celebrating its 200th birthday this year and is looking back at its founding, shortly after the Battle of Waterloo.
October 22, 2015Intermodal Rail Volume Rises 1% For Week
Weekly U.S. intermodal rail traffic rose 1% from the same period last year, the Association of American Railroads reported.
October 21, 2015CP Rail Earnings Beat Expectations on Declining Costs
Canadian Pacific Railway reported third-quarter profit that topped analysts’ estimates, buoyed by a weaker currency and expense reductions that included parking locomotives.
October 20, 2015CSX to Cut 300 Jobs as Coal Freight Drops
CSX Corp. plans to cut 300 jobs at Erwin, Tennessee, in response to a steady decline in coal traffic.
October 16, 2015Intermodal Rail Volume Rises Slightly For Week
Weekly U.S. intermodal rail traffic rose 0.5% from the same period last year, the Association of American Railroads reported.
October 14, 2015J.B. Hunt 3Q Earnings Rise 12%; CSX Profit Dips
J.B. Hunt Transport Services Inc. raised third-quarter net income 12% to $115.1 million, or 99 cents per share, as profit margins improved in all operating units.
October 14, 2015EPA Honors Freight Companies With SmartWay Awards
The U.S. Environmental Protection Agency on Oct. 13 recognized 11 companies in the freight industry, including Con-way Inc.’s Menlo Logistics, for their environmental efforts.
October 13, 2015Broken Rail Caused CSX Derailment in West Virginia, Officials Say
The Department of Transportation's Federal Railroad Administration said the Feb. 16 derailment in Mount Carbon, West Virginia, was caused by a rail defect that was overlooked during two inspections.
October 9, 2015Obama Won't Support Extending Deadline for Rail-Safety Equipment
President Obama plans to enforce a deadline for rail operators to install safety technology by the end of the year, despite warnings from railroads including Union Pacific Corp. and Amtrak that they can’t meet the mandate and would have to suspend some service without an extension.
October 8, 2015