Rail News

NuStar Logistics and EOG Resources, an oil and gas company, jointly develop and own a facility at St.

North American rail shipments of intermodal containers and trailers threw off a slowdown in the final week of July, rising 3.4 percent to a new volume peak so far in 2011 of 301,393 units.

Freight traffic for most North American short lines increased 3.1 percent in the week ending July 30 from a week earlier, as intermodal and lumber loadings set new 2011 highs.

Railcar builders are finally seeing swelling order books after a long struggle out of recession, and are forecasting even better times ahead.

FreightCar America, an equipment builder that specializes in coal-hauling railcars, reported improved earnings for the second quarter but pointed to “mixed signals” about the pace of econo

Railcar builder Greenbrier said it has booked orders in June and July to build another 3,700 railcars valued around $285 million.

Transportation Secretary Ray LaHood said California, Illinois, Iowa, Michigan and Missouri will receive $336.2 million under to buy trains for passenger rail corridors in routes shared with freight ra

Canadian National Railway will spend $165 million to expand a freight yard in Gary, Ind., that it uses to build general freight trains, and to relocate a locomotive repair shop to there from Chicago.<

Short line railroad owner Genesee & Wyoming signed an agreement to buy Arizona Eastern Railway from Iowa Pacific Holding for $90.1 million in cash.

The value of goods transported by truck and rail between the U.S., Mexico and Canada rose 15.7 percent in May, the Bureau of Transportation Statistics said.

Railroad executives might not agree precisely on how much the economy is recovering from its springtime slump, but one thing was clear from the early returns on railroad earnings: They can price for h

An accord between President Obama and carmakers to sharply boost automobile fuel efficiency will drain tens of billions of dollars from federal road funds, said the American Road & Transportation

Major railroads are seeing intermodal volume in July trail June peak levels by thousands of container and trailer hauls each week, amid a slowdown in boxed imports from Asia.

Railcar leasing giant GATX raised its outlook for this year on continued signs of strength in the rail freight market in North American and Europe, including higher utilization of its large equipment

Intermodal middleman Pacer International&rsquo;s profit tripled year-over-year in the second quarter despite shrinkage in top-line receipts, as the company transitions from wholesaling train space to

American Railcar Industries is seeing a big rise in orders to manufacture new units this year, with 2,200 more placed so far in July.

RailAmerica, operator of 43 small railroads in the U.S. and Canada, swung to an $8.7 million profit in the April-June quarter on continuing operations, from a $4.2 million loss a year earlier.

Intermodal service provider Hub Group&rsquo;s second quarter profit rose 49 percent year-over-year to $14.4 million, powered by a 12 percent increase in shipments loaded onto railcars.

The Commonwealth of Virginia is offering shippers a tax credit for moving containers off the highways to the marine highway or railways, Virginia Secretary of Transportation Sean Connaughton said Tues

Major railcar and barge builder Trinity Industries's soared 63 percent in the second quarter to $30 million, despite disruptions to a barge production facility in Missouri.

Third-party logistics and brokerage giant C.H.

Canadian Pacific Railway blamed severe flood disruptions for shrinking its second-quarter profit 23 percent to about $136 million (C$128 million), by curbing revenue growth and adding costs.

Second quarter profit powered ahead by 42 percent at Norfolk Southern Railway, continuing a pattern of strong earnings reports by major railroads despite tepid freight volume trends.

Norfolk Southern Railway is increasing its dividend 7.5 percent to 43 cents a share.

Railcar fleet leasing firm CIT Rail ordered 5,000 hopper and tank cars for about $475 million, with production to be split among &ldquo;multiple manufacturers.&rdquo;

Canadian National Railway&rsquo;s second-quarter profit rose 8.2 percent before counting a charge for net deferred income tax, to $611 million (C$578 million), as it coped with weather problems from f

The U.S.

In its first full year of operations as a U.S. third-party logistics operator, Echo Global Logistics took in $33.2 million in gross revenue from 677 customers. That was 2006.

Some of the most up-to-date readings of the economy and detailed forecasts for where it&rsquo;s headed will appear this week and into early August, courtesy of major North American freight railroads.<

The seven largest freight railroads added 1,818 workers to their U.S. payrolls from mid-May to mid-June, the largest increase this year.

J.B.

Kansas City Southern, the smallest of North America&rsquo;s Class I railroads, saw profit leap by 104 percent in the second quarter from a year earlier to $70.7 million, as it held down cost increases

Freight volume for major North American railroads fell 0.3 percent in the week ending July 16 compared to the same week a year ago, keeping business for the railroads below recent peaks for both bulk

The U.S.

Short line railroads surveyed by RMI&rsquo;s RailConnect report had their strongest loadings of ore for all of 2011 in the week ending July 16, an indication of increased demand from factories and met

The CEO of Union Pacific Railroad says uncertainty among rail customers about the economy&rsquo;s direction makes it hard to predict, even as he expects a freight traffic pickup in the second half of

Union Pacific Railroad reported a record profit of $785 million in the second quarter, a 10 percent year-over-year increase, as strong pricing offset modest freight traffic growth and $14 million in s

Norfolk Southern Railway in just eight days began and finished $16.2 million in upgrades to a southwestern Pennsylv

The start date for testing ocean and rail manifest systems of Automated Commercial Environment is pushed back to Aug. 1 or later, U.S. Customs and Border Protection said.