Class I Railroads

News & Analysis

03 Feb 2016
In its third white paper defending what has become an increasingly hostile bid for Norfolk Southern Railway, Canadian Pacific Railway detailed its confidence that a tie-up would pass muster with U.S. rail regulators.
01 Feb 2016
CSX Transportation says it remains committed to its planned North Carolina intermodal terminal, even after local and state officials nixed the project’s original construction site outside Raleigh.
27 Jan 2016
Still fighting off an increasingly hostile takeover, Norfolk Southern Railway Wednesday assured shareholders that despite weak carload volume and tumbling intermodal traffic producing a double-digit profit loss, the railroad remains better on its own.
26 Jan 2016
Canadian National Railway on Tuesday gave an uncertain but far rosier outlooks for 2016 than most of its North American counterparts after strong international intermodal volume gains helped propel it to a double-digit profit rise.
26 Jan 2016
The potential merger of Canadian Pacific and Norfolk Southern railways, and the resulting tie-up such consolidation could spur, would shake up the Class I industry — and their shipper customers — to a degree not seen since the Staggers Act of 1980 dramatically reduced the number of major railroads operating in the U.S.
25 Jan 2016
Shippers across the U.S. can expect delays this week as the Mid-Atlantic and Northeast dig out from Winter Storm Jonas, which dumped two or more feet of snow on a region stretching from West Virginia to New England and created icy road conditions in an even larger area.
22 Jan 2016
Kansas City Southern Railway pulled back its optimism that a new Mexico container terminal would reap new container hauling business, the latest blow to the railroad’s intermodal volume that fell 6 percent year-over-year in the last three months of 2015.
21 Jan 2016
Sluggish economic conditions derailed Canadian Pacific Railway’s domestic intermodal success, pulling down traffic 9 percent and contributing to a 29 percent profit decline.
21 Jan 2016
Union Pacific Railroad said high inventories, a decline in premium shipments and sluggish retail sales are pulling down its intermodal volume and revenue from the hauling of containers.
19 Jan 2016
Canadian Pacific Railway has asked the U.S. Department of Justice to investigate a “collective campaign” spearheaded by other major railroads to block its increasingly hostile stock-and-cash bid for Norfolk Southern Railway.