Rail News

Trinity Industries, the largest supplier of railcars in North America, earned $34 million in the first quarter but not thanks to its car sales.

The U.S.

Short line railroad operator Genesee & Wyoming saw first-quarter net income rise 34 percent to $13.9 million, with help from a federal tax credit, newly acquired properties and some fairly stable

With Canadian National Railway set to elevate its chief financial officer into the CEO’s chair, it is replacing Claude Mongeau as CFO with a senior executive from a large holding company that sp

Union Pacific Railroad is paying out $228,000 in civil penalties and related costs to settle environmental complaints linked to its 2005 removal of some railroad-owned huts.

The Childrens Investment Fund Management, the aggressive hedge fund that last year waged a fierce and successful fight to install new directors on the CSX board to reshape the railroad, no longer hold

Freight railroads are eager to climb aboard the Obama administration’s plan for high-speed passenger rail.

Burlington Northern Santa Fe profits in the first quarter fell 36 percent to $293 million as freight volume declined dramatically and an unfavorable coal rate case decision slashed revenue.

Consol Energy, signaling a weakening market for coal shipping this year, cut its production forecast for the year because of reduced demand.

Hub Group profits in the first quarter plunged 52.6 percent to $6.2 million as volumes decreased and costs remained high.

Sharp decreases in operating costs at Union Pacific couldn’t put the brakes on a runaway first-quarter decline in railroad revenue and profit that threatens to gain speed as volumes plummet.

Canadian Pacific Railway profits fell 31 percent in the first quarter to $50.9 million.

For the fourth consecutive week, U.S.

GATX Corporation profit fell 42 percent to $27.6 million in the first quarter as demand for railcars and barges declined, depressing both fleet utilization and lease rates.

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A former regulator at the Surface Transportation Board, W.

Profit at one of the largest eastern-U.S.

An aged BNSF Railway bridge on the Upper Mississippi River, which the Coast Guard considers a hazard to barge traffic and other navigation, will be rebuilt with the aid of Recovery Act funds.

Claude Mongeau will replace E. Hunter Harrison at the end of this year as president and CEO of Canadian National Railway, the company said.

Canadian National Railway revenue and operating income took a hit from the tough economic environment but net earnings improved year-over-year in the first quarter after including some exceptional ite

* BNSF Eyes Route to Electric Trains

The Surface Transportation Board tried to launch a big hearing on the most controversial issues it regulates – competition between railroads and access to rail service for shippers – but i

If CREATE works out as planned, trains will be able to move through Chicago more quickly. But run-through trains will remain the exception, not the rule.

Railcar manufacturer Greenbrier says it has enough cash and credit to get through these lean-plate days, but it describes a 2009 market that looks a lot like table scraps.

Matthew K. Rose could help to launch a new industrial revolution — a shift by North America’s freight railroads from diesel-powered locomotives to an age of electrification.

A computer model in Chicago displays the city’s rail network, using different colors for different kinds of trains. During the day, main routes are almost solid yellow, signifying commuter trains.

A railroad executive, opening a new line of opposition to efforts to tighten antitrust oversight of the industry, said Friday carriers could seek federal compensation if the plan undercuts deals th

Federal regulators cleared the way for Indiana Rail Road to begin building a rail spur toward a new Peabody Energy coal mining site in southwestern Indiana.

Bulk freight volume at major U.S.

FreightCar America is suspending work at a railcar plant in Roanoke, Va., local news services say, in a move that affects 210 workers.

By the middle of February, employment levels at the U.S. operations of the seven Class I railroads had been set back by four years.

The Surface Transportation Board will air out some of the most controversial issues between railroads and their customers, in a wide-ranging public hearing on competition issues May 18 and 19.

Rail giant CSX said its profit fell 30 percent to $246 million in the first three months of 2009, as revenue fell 17 percent to $2.25 billion.

Canadian National Railway reported 50 instances when its trains or those of a short line it bought blocked road crossings in the Chicago area, in the first two months since it took over those tracks e

"It's really going to have to be a federal vision, with some federal funding."

A traffic decline of 30.2 percent from the same week last year was actually a bit of good news from the short line railroad industry. Things had been even worse the week before.

America’s freight sector is getting stimulated.

"You at least have to start with a dual locomotive."

"What he’s really talking about ... is Phase I of the Interstate II idea.”