Rail News

They have deep water. They have more than 500 acres with a mile of waterfront and environmental approvals in place.

U.S. rail growth this year is expected to outpace overall economic expansion as manufacturing expands and the shifting energy landscape gives as well as takes.

James River Coal in 2012 expects to ship at least 3.3 percent more coal from the Midwest and Central Appalachia than it did last year despite many railroad analysts’ expectations that coal shipm

James Young, chairman, president and CEO of Union Pacific Corp., the largest U.S. railroad, will take a medical leave of absence for treatment of pancreatic cancer.

Intermodal volume last week slipped 2.8 percent year-over-year to 214,402 trailers and containers while carload traffic fell 5 percent to 281,644 carloads, the Association of American Railroads report

U.S. surface transportation trade in December with Canada and Mexico totaled $74.2 billion, an 11.6 percent increase from a year earlier, according to the Transportation Department.

Transportation Secretary Ray LaHood on Wednesday awarded Kansas City Southern a $54.6 million loan to buy 30 new diesel-electric locomotives.

NOL Group renewed its contract with Union Pacific for U.S. rail transport of containerized cargo carried by APL, it liner shipping business.

China plans to spend $3 billion to build a three-pier terminal in a special economic zone bordering North Korea and a 34-mile cross-border railroad linking the port to the Chinese northeastern city of

Ports along the Eastern Seaboard are putting money where their hopes are, investing in projects for better landside access by road and rail in an effort to compete for discretionary cargo.

C.H. Robinson Worldwide is putting 500 new intermodal containers into its U.S. shipping network as the freight broker seeks to add greater flexibility in shifting business between modes.

Among state transportation officials, it’s an inside joke.

The government might give railroads another five years to install costly crash-avoidance technology because the industry is on track to miss its end of 2015 deadline.

Germany will shut a canal linking the river Rhine to Hamburg, Europe’s second largest container port, late Friday night as the coldest February temperatures across Europe in almost three decades

Intermodal freight shipments moved by U.S. railroads jumped 16.8 percent year-over-year in the week ending Feb.

U.S.

The Cass Freight Index for U.S.

Container Corporation of India boosted third quarter net profit 6 percent from a year ago to $49.2 million, as growth in the state-owned company's core container hauling business pushed revenue up 8 p

There’s a new intermodal rhythm humming along the roads and rail lines connecting manufacturers and retailers with ports and plants across the United States.

Major North American railroads plan to spend some $16 billion this year on network improvements, but those projects will come with a higher cost price for shippers.

Norfolk Southern Railway and CSX Transportation are expanding their eastern U.S. intermodal rail networks, with new routes, facilities and services expected this year.

RailAmerica this week announced the acquisition of a Michigan short-line railroad, a Northeast short-line railroad and a transload operator for $58 million.

The opening of an intermodal rail container transfer facility at the Port of Everglades came closer to fruition after a county board of commissioners approved a 30-year deal with the Florida East Coas

Fesco booked double-digit growth across its ocean container, rail, port terminal and intermodal units in 2011 as it benefited from soaring transport demand in a strengthening Russian economy.

Eurotunnel, the operator of the subsea tunnel between France and the U.K., booked double-digit growth in rail freight and truck traffic in 2011, driven by new services and the collapse of a French fer

Union Pacific Railroad’s pricing leverage may have been strong last year, but it’s due to get even stronger in 2012.

Hub Group expects a “transformational year” for the intermodal industry as Eastern rail network expansion boosts intermodal volumes, company officials said.

Rising inventories and consumer spending caused U.S. gross domestic product to expand at a 2.8 percent annual rate in the fourth quarter, the fastest growth in a year and a half.

Higher rates and volumes boosted fourth-quarter net profit 25.4 percent to $72.6 million at J.B. Hunt Transport Services, the nation’s largest intermodal trucker.

The time to switch the tracks and prevent Canadian Pacific Railway from barreling toward a proxy fight is over.

Canadian Pacific Railway saw fourth-quarter profit rise 19 percent year-over-year to $221 million, but the railroad’s operating ratio worsened as management faces pressure from an activist inves

Ground transportation rates paid by Canadian shippers rose 1.6 percent month-to-month in November, the ninth straight monthly increase since March2011.

Canadian National Railway’s profit in the fourth quarter rose 17.7 percent year-over-year to $584 million, as revenue jumped 12 percent to a record $2.3 billion on stronger pricing and freight t

Higher intermodal, coal and general merchandise volumes helped Norfolk Southern increase net profit 19 percent to $480 million in the fourth on $2.8 billion in sales.

Kansas City Southern Railway saw fourth-quarter profit skyrocketed 84.6 percent year-over-year to $95.6 million, as the railroad’s 11 percent jump in revenue set quarterly and annual records.

Far East Land Bridge will launch a new rail service in March linking Europe to the thriving manufacturing center of Chongqing in central China.

CSX Transportation extended its strong pricing power into the fourth quarter, giving the freight railroad a $457 million net profit to close a year that saw earnings grow strongly despite diminishing

Canadian Pacific Railway signed a 10-year agreement this week with Canpotex to haul the majority of the major potash exporter’s shipments to a terminal in Vancouver.

Russia’s port of Vladivostok grew container traffic 27 percent in 2011 from a year ago, boosting the Far Eastern gateway’s share of Russian container shipments at the expense of its flat l

There’s nothing like the threat of “nuclear winter” to spur Canadian Pacific Railway to become more profitable faster than planned.