Rail News

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.

W.

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

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.

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.

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.

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.

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.

“I wouldn’t have a problem with the federal government helping the freight railroads invest.”

America’s freight sector is getting stimulated.

"It's not a technology leap. It's an incremental move."

"If the needs match up, then it will get done."

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

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

At the Federal Energy Regulatory Commission, Chairman Jon Wellinghoff has been thinking about freight railroads.

Sometimes it takes a whole team of railroads to haul a project cargo.

As efforts continue in Congress to craft a new rail competition bill that shippers and railroads can both accept, a top railroad CEO says the pivotal lawmakers understand the need for rail firms to ea

Another week of unusually tough springtime weather, on top of a still-bad economy, left bulk railcar volume down 20.5 percent in the latest week for major U.S. railroads.

Although the Red River is subsiding in North Dakota so that railroads can start to dig out or mop up from heavy flooding, damage reports are still coming in.

It is a measure of how bad things are in the rail supply market that equipment builder Greenbrier spent much of its latest earnings announcement talking about ways it is guarding its cash position.

As he settles in as the new head of the Surface Transportation Board, the changes that Francis P. Mulvey brings may be more of emphasis than direction.

The new head of the Surface Transportation Board wants to fix some of the agency's creaky infrastructure.

Debt rating agency Standard & Poor’s took railroad operator Kansas City Southern off its CreditWatch list, after the company’s Mexican subsidiary privately sold $200 million in seven-y