Rail News

TCV Railway, the rail freight provider that forms part of terminal operator Grup TCB, will launch a container service between the Port of Valencia and Miranda de Ebro, a city in the province of Burgos, in Spain, on Nov. 23, the company announced today.

Canadian National Railway recently announced a $500 million debt offering, expected to close on Nov. 20, comprising $250 million 2.25 percent notes due in 2022...

Barge traffic on the Mississippi River between St. Louis and Cairo, Ill., may be restricted or halted in the beginning of December...

North Carolina State Ports Authority today named Jeffrey E. Miles as its new deputy executive director for operations, by Tom Bradshaw, executive director.

Class I railroad CSX Transportation, the main subsidiary of CSX Corporation, is offering temporary recovery service from mid-Atlantic ports to Northeast ports to keep freight moving along the eastern seaboard...

Container lessor Textainer Group today reported profit in the third quarter was $50.7 million, up 10.6 percent from $45.8 million in the third quarter of 2011.

SeaCube Container Leasing reported profit in the third quarter of $11.4 million, up 29.9 percent compared with $8.8 million in the third quarter of 2011.

RailAmerica, acquired by Genesee & Wyoming on Oct. 1, reported profit in the third quarter, ending Sept. 30, was $5.9 million, down 34.3 percent from last year’s third-quarter profit of $9.1 million.

Arc Terminals announced it is working with Canadian National Railway to build a crude-oil rail terminal in Mobile, Ala.

Short-line and regional freight railroad company Genesee & Wyoming today reported a net loss of $19.6 million in the third quarter, compared with net income of $32.9 million in the third quarter of 2011.

The Intermodal Association of North America today reported that overall intermodal volume in the third quarter was 3.77 million, up 3.2 percent from last year’s third quarter of 3.65 million.

Indian Railways and RENFE-Operadora and ADIF, the Spanish railways infrastructure manager, agreed to promote technical cooperation and exchange information in the railways sector.

Shippers will decide whether to shift their cargo routing from West Coast to East Coast ports when the Panama Canal expansion project is completed in 2015 based on the total delivered cost of the freight, transit time, intermodal options and ease of doing business with port authorities.

Intermodal freight container and chassis carrier TAL International reported profit in the third quarter was $31.15 million, spiking 72.3 percent...

INland Logistics Port in Kingsbury is Indiana’s first location to receive CSX Corporation’s Select Site designation.

Union Pacific Railroad this week completed its second full unit train movement of grain products from a newly opened transload facility northeast of Los Angeles to container terminals at the ports of Los Angeles and Long Beach.

Class I rail carrier Canadian Pacific Railway today reported profit in the third quarter, ending Sept. 30, was C$224 million (about US$225.89 million)...

North American railroad Canada National Railway reported its third quarter profit was C$664 million (about US$668.8 million)...

Hub Group Inc. reported record net income of $18.5 million for the third quarter, ended Sept. 30, 2012.

India and Switzerland officials met in India to discuss economic and commercial relations between the two nations.

Freight railroad company Kansas City Southern reported profit in the third quarter, ending Sept. 30, was $90.7 million, down 9.4 percent year-over-year from $100.1 million.

GATX reported profit of $53.8 million in the third quarter, ending Sept. 30, shooting up 63.5 percent year-over-year from $32.9 million.

Union Pacific Railroad today reported third quarter profit of over $1 billion, up 10.6 percent from 2011’s third quarter profit of $904 million.

CSX profit and revenue in the third quarter fell 2 percent year-over-year, driven by overall lower volume levels, a change in the mix of the transportation company’s business and lower fuel economy.

Barcelona Europe South Terminal, a member of the Hutchison Port Holdings Group, yesterday launched a rail service, BEST-Pamplona Express...

The board of directors of the Intermodal Transportation Institute at the University of Denver on Oct. 10 elected Adriene Bailey...

The two major Canadian railroads and shippers are on track for a clash over legislation regulating service agreements likely to be introduced in Ottawa this fall.

J.B. Hunt’s 15 percent year-over-year jump in intermodal revenue in the third quarter appears to be mostly because of volume growth — not pricing.

Freight rail company Genesee & Wyoming reported September traffic of 79,239 carloads, down 5.2 percent year-over-year.

Indian Railways’ revenue-earning freight traffic increased 4.84 percent year-over-year from April through September,