Tag: CN

Union Pacific net down 9% but sees economy growing in 2021

By Josh Funk for apnews.com Union Pacific’s first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy is steadily improving. The Omaha, Nebraska, company said Thursday that it earned $1.34 billion, or $2 per share, in the quarter. That’s down from $1.47 billion, or $2.15 per […]

Shippers, 4 Class I railroads press for STB scrutiny of CP-KCS merger

STB must decide how to review the transaction By Joanna Marsh for freightwaves.com A number of rail shipping groups and four out of five Class I railroads are asking the Surface Transportation Board (STB) to examine the proposed merger of Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) under a “new” litmus test of whether the merger would enhance […]

U.S. intermodal traffic decline slowed in Week 29

U.S. freight railroads reported 481,597 carloads and intermodal units during the week ending July 18, an 8.5 percent decrease compared with volumes during the same week in 2019, according to Association of American Railroads (AAR) data. Carloads fell 15.7 percent to 214,685 units, while intermodal units dipped just 1.7 percent to 266,912 containers and trailers. Only one […]

U.S. freight-rail traffic slipped 2.4 percent in Week 27

Published by progressiverailroading.com U.S. freight-rail traffic declined 2.4 percent to 437,989 carloads and intermodal units during the week ending July 4 compared with the same week a year ago, according to Association of American Railroads (AAR) data. Carload volume decreased 12.7 percent to 192,767 units, while intermodal volume rose 7.7 percent to 245,222 containers and trailers during […]

Labor union presses railroads on additional coronavirus measures

Freight railroads say they’ve been vigilant in ensuring employee health By Joanna Marsh for freightwaves.com The Brotherhood of Maintenance of Way Employes Division (BMWED), a U.S. rail labor union affiliated with the International Brotherhood of Teamsters, wants the freight railroads to privately mandate the testing and tracing of the COVID-19 virus among employees after the recent deaths of […]

St. Louis’ TRRA records drop in intermodal traffic

The Terminal Railroad Association of St. Louis (TRRA) logged a “noticeable” drop in recent intermodal traffic due to falling imports from China because of the COVID-19 pandemic.  TRRA also recorded a decrease in traffic volumes from auto plant shut downs in the area, TRRA officials said in a St. Louis Regional Freightway press release. Medical supplies, food, chemicals and […]

Pandemic Suppressing Some Rail Capital Projects

An economic downturn combined with stay home orders designed to stop the spread of COVID-19 has resulted in a significant scaling back of railroad capital projects this year. The National Railroad Construction and Maintenance Association said a quarter of its members reported seeing a decrease in business although a majority said they have experienced no […]

Commentary: When will PSR-driven volume and service growth emerge?

The going is getting tougher – The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  This week’s strategic question is “What are the bold new benefits shippers can expect now that the freight railways are super-efficient?” It is May, and freight carriers […]

CN moved record amount of grain in March

CN marked a record March for grain moved by rail, Canadian news outlets reported last week. The railroad moved 2.62 million tonnes of grain last month, a 6 percent increase from March 2017, the previous record CN set for March. The record comes as the Class I works to clear up a backlog built after a month of […]

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August 2021