Rail News

Railcar manufacturer and lessor Greenbrier Companies and investment firm WL Ross said they formed a new entity that bought a 4,000-railcar lease fleet that is valued around $230 million.

Marking a sharp change in the pattern that dominated the rail industry during the recession, nearly every Class I railroad operating in the United States increased employment by the time they made the

The major railroads of North America are enjoying a steady surge in freight shipments that is showing up in a range of industrial commodities and factory products.

Genesee & Wyoming -- an operator of short line railroads in North America, Australia and the Netherlands – saw first-quarter profit rise 15 percent to $16 million while the appreciation of f

American Railcar Industries posted a $7 million loss in the first quarter, but President and CEO James Cowan said bid requests are coming in for new car builds while demand has been strong for various

The Halifax Port Authority said it reached agreement with its two main container terminal operators, Cerescorp and Halterm, on setting performance standards designed to increase the speed of the impor

RailAmerica, one of the largest operators of North American short line railroads, lost $2.5 million in the first three months of 2010 but saw business turning higher in some key ways.

North American transportation companies are seeing initial, uneven signs of increasing demand but most remain cautious about declaring that a broad and sustained recovery is at hand, Standard & Po

Trinity Industries, North America’s largest freight railcar builder, saw its rail business lose more money in the first quarter while its overall profit shrank by 94 percent to $2 million.

Averitt Express added intermodal trailer and container operations to its line of trucking and other services as part of its “full-load/volume transportation” package for customers.

Canadian Pacific Railway boosted profit 74 percent in the first quarter as an improved economy sparked higher revenue and lower expenses.

Net profit for Container Corporation of India fell 2 percent from a year earlier to $177 million in fiscal 2009-10 ended March 31, despite a 6.5-percent increase in overall revenue.

Norfolk Southern Railway’s first-quarter profit soared 45 percent over a year earlier to $257 million, while operating revenue swelled 15 percent to $2.238 billion.

The railroad industry handed rail safety regulators a new study that contradicts one offered by chlorine shippers, arguing that the high costs to railroads of installing federally mandated crash-avoid

Kansas City Southern, the smallest of the North American Class I railroads, posted a $32.6 million profit in the first quarter after an $8.1 million loss a year earlier, as revenue leaped 26 percent t

Canadian National Railway’s net profit grew 20.5 percent in the first quarter from the recession period a year earlier as revenue grew 5.7 percent and the carrier reported a 1.2 percent drop in

As the first major railroad to report quarterly earnings, CSX Transportation often sets the tone for what to expect from the others.

State agencies, freight railroads, transit operators and intermodal project planners could tap an expanded rail loan program or visit a new one-stop financial aid shop if Department of Transportation

While other transportation modes were losing market share last year during the freight recession, domestic intermodal was growing. Now that most of the indicators in the U.S.

The latest week’s traffic at small railroads in North America was down moderately from a week earlier but was still the second-highest level in more than a year.

Although many rail shippers see railroads raising their freight rates, some key equipment costs shippers pay are still declining this year.

North America’s largest railroads are seeing a sharp pickup in traffic during April, with volume outpacing anything seen during 2009.

Union Pacific Railroad officials see their 3.5 percent “core pricing” gains in the first quarter as the low point of 2010, and look for their overall rates to strengthen more as the year c

BNSF Railway declared its new Memphis Intermodal Facility to be “fully operational” after a $200 million expansion, and cut the ribbon on it this week.

CSX Transportation, one of the continent&rsquo;s largest freight railroads, sees the greatest security risk for its system from potential terrorist attacks on passenger trains that run on CSX tracks.<

A court in Allegheny County, Pa., has issued a preliminary injunction to prevent rail equipment supplier L.B.

Rail and construction equipment supplier L.B. Foster saw net income fall 41 percent from a year earlier in the first quarter to $1.75 million but said new business orders also increased.

The biggest railroad just got bigger, as Union Pacific saw profit jump 43 percent in the first quarter to $516 million, from the same period in 2009, while revenue grew 16 percent to $3.755 billion.

In light of a new Surface Transportation Board summons to explain how often its trains have blocked rail crossings in Chicago suburbs, Canadian National Railway says its own reports to the STB openly

With business growing solidly in all its business lines, intermodal firm Hub Group posted a first quarter profit gain of 41 percent from the weak 2009 period.

Intermodal shipment consolidator Hub Group will buy a total of 2,500 new domestic, jumbo-sized containers this year, amid a demand surge that has it near full capacity.

The Fortune 500 list of largest U.S. businesses ranked by revenue includes 17 transportation and logistics companies this year, from UPS to Con-way.

Hub Group, one of the leading intermodal middleman firms, will take the remaining 1,400 containers it runs on BNSF Railway and move them this year to Union Pacific Railroad.

Canadian National Railway needs to &ldquo;explain the significant differences,&rdquo; said the Surface Transportation Board, between CN&rsquo;s monthly reports and an audit of street-crossing blockage

Standard & Poor's Ratings Services said it has revised its outlook on eastern-U.S.

When Amtrak&rsquo;s &ldquo;Heartland Flyer&rdquo; passenger train runs through cattle country in the next year from Oklahoma City to Fort Worth, Texas, it will be testing a 20 percent biodiesel blend

Amtrak is calling for Congress and the Obama administration to shape a new multiyear surface transportation bill that is &ldquo;revolutionary, not evolutionary&rdquo; in funding the growth of an inter

Credit evaluator Standard & Poor's Ratings Services revised its outlook for Union Pacific Railroad to &ldquo;positive&rdquo; from &ldquo;stable,&rdquo; given the recovery under way in freight busi

North American rail freight customers of locomotive builder GE Transportation are reducing the number of train power units they have stored as freight activity grows, GE officials said.

The Federal Railroad Administration unveiled the government&rsquo;s first funding pool specifically for the collision avoidance and locomotive remote control systems that U.S.