Rail News

The share of U.S.-Mexico surface trade by value being transported via the rails is increasing, suggesting shippers are shifting more loads to intermodal transport from the highway.

Textainer Group Holdings reported its net income in the third quarter of 2013 was $41.3 million, dropping 18.0 percent year-over-year from $50.4 million.

Genesee & Wyoming reported a net income of $66.2 million in the third quarter of 2013, compared with a net loss of $19.6 million in the same period last year.

CAI International reported its net income in the third quarter of 2013 was $15.3 million, falling 9 percent year-over-year from $16.8 million.

ASF Intermodal has opened an intermodal drayage facility in the Chicago area.

GATX reported its net income in the third quarter of 2013 was basically flat year-over-year at $53.8 million.

A newly launched intermodal company aims to provide direct transport of produce from farms to major North American supermarkets by following the shifting growing season.

It sounds elementary: An exporter in an interior location needs empty containers.

Canadian Pacific reported its net income in the third quarter of 2013 was C$324 million, jumping 48 percent year-over-year.

Norfolk Southern reported its net income in the third quarter of 2013 was $482 million, increasing 20 percent year-over-year from $402 million.

Canadian National today reported its net income in the third quarter of 2013 C$705 million (about US$685.3 million), rising 6.2 percent from C$664 million in the same period last year.

Shipper acceptance of refrigerated rail has grown in the past several years as new services have proved reliable in intermodal and boxcar sectors.

Kansas City Southern reported its profit in the third quarter jumped 31.2 percent from $90.7 million in 2012 to $119.0 million in 2013.

Hub Group reported profit in the third quarter of 2013 totaling $18.6 million, inching up year-over-year from $18.5 million.

When “Captain Phillips,” Hollywood’s take on the April 2009 hijacking by Somali pirates on the Maersk Alabama, debuted on Oct. 11, it thrust the ocean shipping industry into the mainstream spotlight in a way no recent film has. But it’s certainly not the first film to do so, and it won’t be the last.

Union Pacific today reported its profit in the third quarter of 2013 was $1.15 billion, increasing 10 percent year-over-year from $1.04 billion.

CSX today reported its profit in the third quarter of 2013 was $463 million, or 46 cents per share, up from $455 million, or 44 cents per share, in the same period last year.

The Teamsters Canada Rail Conference, which represents about 3,300 conductors, trainmen, yardmen and traffic coordinators at Canadian National...

American Railcar Industries today announced that James Cowan, president and CEO of the hopper and tank railcar manufacturer, has resigned to “pursue other interests.”

Florida East Coast Railway has announced that its $53 million, 42.5-acre intermodal container transfer facility at Port Everglades is making progress and is expected to open in mid-2014.

Adani Hazira Container Terminal and state-owned rail operator Container Corp. of India have reached an agreement to ensure an intermodal route connecting Tughlakabad and Dadri...

Hub Group has lowered its expectations for the third quarter of 2013 to a range of 48 to 51 cents diluted earnings per share.

Indian Railways, which implemented a 15.0 percent “busy season” surcharge on Oct. 1 on all bulk commodities, is again revising its freight tariff.

Freightliner has run its first service out of London Gateway to collect import containers destined for the Midlands in England.

BNSF Railway plans to spend an estimated $90 million on track and rail capacity improvement projects in New Mexico this year.

Grupo TMM has completed the sale of its truck and auto hauling assets and operations.

Indian Railways has announced a 15 percent hike in its freight charges for all bulk commodities, effective Oct. 1, as part of a “busy season tariff adjustment.”

Rising costs for truckers in Mexico will drive more U.S.-bound freight from highways to rail networks, fueling strong intermodal growth, a Kansas City Southern Railway executive told the JOC Inland Distribution Conference.

Canadian National aims to start freight service on about 75 percent of the rail network operated by the bankrupt short line Kelowna Pacific Railway in southern British Columbia.

U.S. intermodal pricing is expected to rise next year, largely because the competing trucking industry will have to increase its own rates as capacity tightens and overall freight demand slowly but steadily builds.

The intermodal industry in the coming years will have to learn to live with at least several different chassis models, but one thing for certain is that the cost of handling containers at railyards will increase.

The Canadian railway industry carried 27.0 million metric tons of freight in July, a 1.8 percent year-over-year decline, according to Statistics Canada.

When the South Carolina Ports Authority broke ground for an inland port at Greer, S.C., it implemented a strategy that was based upon securing an anchor tenant and linking that exporter to the Port of Charleston with multi-modal transportation options that include short-haul rail.

U.S. District Court Judge John R. Adams has issued a temporary restraining order in Akron, Ohio, ending a strike by workers with the Brotherhood of Locomotive Engineers and Trainmen...

More than 100 members of the Brotherhood of Locomotive Engineers and Trainmen today struck the Wheeling & Lake Erie Railway to protest...

Marta R. Stewart will succeed John P. Rathbone as executive vice president and chief financial officer for Norfolk Southern Corp., effective Nov. 1. She will report to NS President James A. Squires.