Rail News

Short line operator RailAmerica swung to a $4.1 million net gain in the first quarter from a $2.5 million loss in the 2010 period, another in a string of rebounding financial reports as the rail indus

First quarter net income for transportation equipment supplier Trinity Industries was nearly six times higher than a year earlier at $25.6 million, and the CEO reported "record quarterly orders for ne

Genesee & Wyoming, the U.S. short line and regional rail company, will launch dedicated terminal shunting and feeder services in the port of Antwerp.

Norfolk Southern Railway's profit rose 26 percent in the first quarter from a year earlier to $325 million, outpacing a 17 percent gain in rail operating revenue to $2.6 billion.

The Department of Transportation is sending California a $100 million grant to buy locomotives and passenger cars for two rail routes shared with freight railroads.

The Oregon International Port of Coos Bay tapped short line operator ARG Trans to run the port's rail line that will soon resume partial service to shippers in that state.

Makers of a wide range of equipment and components used by both the freight and passenger rail industry want the Obama administration to standardized and streamline its Buy-America provisions for gran

Canadian National Railway boosted its profit 31 percent in the first quarter to nearly US$702 million and raised its full-year financial outlook.

Severe spring storms are hampering freight transportation in the Midwest, as several major railroads closed tracks from as far south as Texas to as far north as Canada.

Railcar lessor GATX sees a tightening market for freight cars, as utilization rises in its equipment fleet and lease renewal terms lengthen.

North America’s small and regional railroads are enjoying a surge in traffic so far in 2011, with overall volume up 9 percent and some important cargoes growing by double digits.

Kansas City Southern, the smallest of the North American Class I railroads, posted a $63 million profit in the first quarter, up 91 percent from the 2010 period.

Canadian Pacific Railway saw its first quarter earnings plunge 67 percent from a year earlier to nearly $36 million (U.S.

The seven largest freight railroads had more workers in their U.S. operations as of mid-March than any time since February 2009, the Surface Transportation Board reported.

Union Pacific Railroad saw its profit rise 24 percent from a year earlier to $639 million in the 2011 first quarter as traffic grew across the board in its major cargo categories.

State-owned rail operator Container Corporation of India reported a $184 million net profit for fiscal 2010-11 ending March 31, up 5.5 percent from a year earlier.

Union Pacific's freight volume is increasing steadily since the depths of the economic recession, but there is no concern in Omaha about UP's ability to handle the growing traffic.

Eastern-U.S.

Intermodal service provider Hub Group reported a $10.5 million profit for the first quarter, up 21 percent from a year earlier.

Spring floods across the northern Great Plains are closing some tracks for major railroads and short lines, delaying some shipments and detouring others.

Perella Weinberg Partners is buying the railcar leasing unit of insurance giant American International Group.

The late-night budget deal between President Obama and House Speaker John Boehner did not at first appear to make a real dent in the big surface transportation programs tied to freight operations.

North America’s trains are getting longer every year.

Expect North America’s freight railroads to have plenty of good things to say about rail market trends when they report earnings for the first quarter.

Transplace’s purchase of SCO Logistics is aimed at bringing revenue, expanded services, new customers and new talent to the Dallas-based logistics operator.

A newly finalized $10 million federal grant should help the Port of Vancouver, Wash., get its long-planned West Vancouver Freight Access project done, which the Department of Transportation says will

Freight shipping declined about 1.5 percent month-to-month in February, the U.S. Department of Transportation's Bureau of Transportation Statistics reports.

DB Schenker is planning to launch scheduled container rail services between Germany and inland China later this year aimed at shippers that currently use ocean shipping.

Short line operator RailAmerica is buying the assets of three small freight railroads in Alabama for a total price of $12.7 million in cash.

Pending budget cuts from last week’s deal to avert a government shutdown will take a deeper bite out of transportation funds, but industry and government sources say the ones that could most aff

TransContainer, Russia’s largest rail container operator, increased first quarter traffic by 23.5 percent from a year ago with international shipments growing almost three times faster than dome

Railcar owners across the U.S., Canada and Mexico took 22,667 cars of various types out of storage during March, shrinking the idled fleet to 18.7 percent of the total as freight traffic continues to

CN acquired more than 1,000 new containers, which the railroad expects to use to serve manufacturers and distributors of grocery and consumer goods in domestic markets across Canada.

The Department of Transportation got a flurry of rail grants locked in just under the wire last week, obligating over $300 million to projects so states could start spending them even if the federal g

Washington state and federal officials reached agreement to formally obligate another $145 million to that state's passenger rail program.

Two years after container ship lines began moving away from their 55-year-old practice of supplying U.S.

Department of Transportation officials will quickly sort through a pile of applications as they prepare to redistribute $2.43 billion in grants, most of which came from money Florida turned down for a

Intermodal marketing giant Hub Group demonstrated its faith in the economic recovery last week with the $83 million acquisition of Exel Transportation Services.

A $3.3 million federal grant to build 2 miles of track in upstate New York will ease “significant congestion” for a freight rail yard and Amtrak passenger service, said the Department of Transportatio

The latest week's bulk and large-unit railcar loadings at major U.S. freight railroads were the highest since late 2008, or before the traffic plunge that followed the financial collapse that year.