The Journal of Commerce: Class I Railroads

Labor Minister Attempts to Prevent Canadian Pacific Strike

bwyker — Tue, 22 May 2012 18:41:27 +0000

Raitt will meet with union, railroad representatives today Mark Szakonyi, Associate Editor Labor The Journal of Commerce Online

Union Gives Canadian Pacific 72-Hour Strike Notice

mszakonyi — Mon, 21 May 2012 14:04:16 +0000

Notice comes after William Ackman, activist investor, wrested control of railroad Mark Szakonyi, Associate Editor Labor The Journal of Commerce Online

Intermodal Volume Rises 3 Percent on Major US Rails

mszakonyi — Thu, 17 May 2012 18:03:55 +0000

Carload traffic fell 5.2 percent in the week ending May 12 Mark Szakonyi, Associate Editor Intermodal The Journal of Commerce Online

Activist Investor Wrestles Control of CP From Management

dbrundage — Thu, 17 May 2012 15:26:34 +0000

CP CEO Fred Green resigns and five other directors join him in not standing for re-election. Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

U.S. Rail Cargo

dpulis — Mon, 14 May 2012 05:00:00 +0000

Faceoff at CP to Shape Intermodal Market

dpulis — Mon, 14 May 2012 04:00:01 +0000

The battle for control of Canada’s second-largest railroad will help determine the course of North American intermodal service

Mark Szakonyi, Associate Editor

A Memphis native who got his start as a carman-oiler in 1963 found himself four decades later running Canadian National Railway, the largest freight railroad in Canada.

Intermodal Rail Volume Inches Up 3 Percent

bwyker — Fri, 11 May 2012 14:49:21 +0000

Carload traffic fell 2 percent in the week ending May 5 Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

Schneider, BNSF Extend Intermodal Partnership

hgbutler — Thu, 10 May 2012 16:24:17 +0000

Extension gives shippers “truck-like” reliability as over-the-road capacity tightens Mark Szakonyi, Associate Editor Intermodal The Journal of Commerce Online

LaHood Says PTC Exemptions to Save Railroads $775 Million

hgbutler — Thu, 10 May 2012 15:59:06 +0000

Fewer risk analyses required to meet costly crash-avoidance mandate Mark Szakonyi, Associate Editor Regulation The Journal of Commerce Online

Pacer, CSX Extend Partnership Past 2014

hgbutler — Wed, 09 May 2012 13:02:39 +0000

Helps intermodal middleman tap growing cargo shift from road to rails Mark Szakonyi, Associate Editor Intermodal The Journal of Commerce Online

BNSF Boosts Profit 16 Percent on Mild Volume Gain

dbrundage — Tue, 08 May 2012 13:48:28 +0000

Higher pricing helped push revenue up 10.3 percent in first quarter Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

Proxy Advisory Firm Endorses Activist Investor Slate, Castigates CP

dbrundage — Thu, 03 May 2012 19:33:51 +0000

ISS says CP showed “an enduring failure of board leadership” Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

Activist Investor Says CP Shareholders Determine Management

bwyker — Wed, 02 May 2012 16:37:42 +0000

Some railroad directors are floating a compromise amid proxy fight Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

Class I Railroads Post Robust Earnings in First Quarter

dpulis — Mon, 30 Apr 2012 04:00:00 +0000

Capitalizing on their pricing power, railroads post strong earnings despite weak traffic growth

Mark Szakonyi, Associate Editor

If there’s a lesson from U.S.

Canadian Pacific Union Approves Strike Option

hgbutler — Fri, 27 Apr 2012 14:55:04 +0000

Railroad spokesman says action “part of standard bargaining process” Mark Szakonyi, Associate Editor Labor The Journal of Commerce Online

Railroad Union Holdout Strikes Accord

bwyker — Wed, 25 Apr 2012 17:29:34 +0000

BMWE’s agreement with major U.S. railroads drains threat of labor action Mark Szakonyi, Associate Editor Labor The Journal of Commerce Online

NS Profit Hits Record on Slim Volume Growth

cbrooks — Tue, 24 Apr 2012 21:03:49 +0000

Railroad boosts earnings 26 percent on 1 percent volume gain

Mark Szakonyi, Associate Editor

Norfolk Southern reported record profit for the first quarter, as the railroad’s pricing power on slim volume growth boosted earnings 26 percent year-over-year to $410 million.

KCS Boosts Profit 19.6 Percent on Record Revenue, Volume

dbrundage — Tue, 24 Apr 2012 15:19:54 +0000

Double-digit intermodal, automotive growth helped push revenue to $547.5 million Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

RailAmerica Taps Industry Veteran as Chief Commercial Officer

bwyker — Tue, 24 Apr 2012 13:44:13 +0000

Lewis named CCO at 44-railroad holding company Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

CN Profit Jumps 16 Percent on Strong Revenue

bwyker — Mon, 23 Apr 2012 21:11:32 +0000

Revenue in six of the railroad’s seven business units saw double-digit growth Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

CP Quadruples Profit Amid Proxy Fight

hgbutler — Fri, 20 Apr 2012 15:24:08 +0000

Railroad improved operating ratio, a key measure of profitability, in the first quarter Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

US Intermodal Volume Rises 1.6 Percent

hgbutler — Thu, 19 Apr 2012 20:26:59 +0000

Mexican, Canadian intermodal shipments see double-digit increases Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

NS, KCS Launch US-Mexico 53-Foot Box Service

cbrooks — Thu, 19 Apr 2012 18:42:55 +0000

Joint service comes as cross-border rail traffic ramps up Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

UP Reports Record Revenue on Slight Volume Growth

dbrundage — Thu, 19 Apr 2012 14:52:12 +0000

Railroad saw record quarter from double-digit increases in four of its six businesses Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

CSX Posts Record Earnings

cbrooks — Tue, 17 Apr 2012 21:26:58 +0000

Pricing gains help the eastern railroad boost first quarter revenue 6 percent on a 1 percent rise in volume

Mark Szakonyi/Associate Editor

CSX boosted first quarter revenue 6 percent year-over-year to nearly $3 billion despite volume rising only 1 percent, exemplifying the strong pricing power major railroads have amid moderate freight g

Intermodal Volume Inches Up 1.1 Percent

hgbutler — Mon, 16 Apr 2012 15:40:37 +0000

Carload volume sluggish on grain, coal declines Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

Canadian Pacific Expects to Triple First Quarter Earnings

bwyker — Tue, 10 Apr 2012 20:07:30 +0000

Canadian Pacific’s optimism comes as management fights proxy war with activist investor Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

US Rail Traffic Mixed for Week

bwyker — Thu, 05 Apr 2012 20:25:19 +0000

Intermodal rail shipments increase 3.6 percent while carloads decline 6.2 percent year-over-year Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

UP Expects 'Slow But Steady' Growth This Year

hgbutler — Wed, 04 Apr 2012 12:21:06 +0000

Freight to support oil and gas drilling, intermodal continue to grow Bill Mongelluzzo, Associate Editor Class I Railroads The Journal of Commerce Online

Strong March Auto Sales Drive Railroad Shipments Up

dbrundage — Tue, 03 Apr 2012 20:53:00 +0000

Sales among the Big Three U.S. automakers hit 1.37 million units in March Mark Szakonyi, Associate Editor Rail Shippers The Journal of Commerce Online

CSX Adding 380 to Employment Rolls in Three States

bwyker — Tue, 03 Apr 2012 19:21:35 +0000

Major North American railroads may hire more than 15,000 workers this year Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

Captive Shippers May Not Get Hoped-For STB Relief

dpulis — Mon, 02 Apr 2012 04:00:00 +0000

In another blow to captive grain and coal shippers, the STB is likely to side with BNSF in rate case Mark Szakonyi, Associate Editor Government + Regulation The Journal of Commerce Magazine

US Intermodal Rail Shipments Increase

bwyker — Thu, 29 Mar 2012 20:21:47 +0000

Weekly intermodal traffic rose 4.2 percent year-over-year, but carload shipments fell 7.2 percent Mark Szakonyi, Associate Editor Intermodal The Journal of Commerce Online

Rail Renaissance Rides South

dpulis — Mon, 26 Mar 2012 04:00:00 +0000

Manufacturing industry, expanding ports driving growth in rail volumes, especially intermodal shipments Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Magazine

Rail Intermodal Shipments Up 2 Percent for Week

bwyker — Fri, 23 Mar 2012 16:55:29 +0000

Carload traffic for week ending March 17 declined 5.3 percent year-over-year Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

BNSF Rates Unfair, Captive Shippers Tell STB

cbrooks — Thu, 22 Mar 2012 19:00:04 +0000

Premium paid by Warren Buffett’s Berkshire Hathaway shouldn’t be used in railroad’s cost base, they say

Mark Szakonyi, Associate Editor

Shippers on Thursday got their shot to tell the Surface Transportation Board that it’s unfair for them to pay higher rates to BNSF Railway because of the $8.1 billion premium Berkshire Hathaway

A Railroad Divided

dpulis — Mon, 19 Mar 2012 04:00:00 +0000

Shippers are likely to emerge big winners as Canadian Pacific looks to fend off aggressive investor Mark Szakonyi, Associate Editor Rail + Intermodal The Journal of Commerce Magazine

CP Shareholders Back Pershing Square

cbrooks — Sat, 17 Mar 2012 03:00:22 +0000

Poll reveals increasing support for investors drive too boost profits Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online

US Intermodal Rail Volume Up 4.2 Percent

dbrundage — Fri, 16 Mar 2012 15:28:31 +0000

Carload traffic so far this year down 1.4 percent year-over-year Mark Szakonyi, Associate Editor Intermodal The Journal of Commerce Online

UP Names Butler VP, Marketing and Sales

bwyker — Thu, 15 Mar 2012 16:55:13 +0000

Butler succeeds Jack Koraleski, now at the helm of railroad while James Young is on medical leave Mark Szakonyi, Associate Editor Class I Railroads The Journal of Commerce Online