Rail News

Globaltrans’ revenue surged 22 percent in 2012, but profit dipped 2 percent as the Russian rail freight operator sharply increased borrowing to finance acquisitions that boosted its share of the fast-growing domestic cargo market.

India’s Ministry of Railways has decided to reduce haulage charges for containers transported by rail in privately owned railcars, effective April 1.

Work on $88 million worth of construction for three segments of the Port Mackenzie Rail Extension project in Alaska has kicked off.

Toll Intermodal has opened its interstate freight forwarding facility in Kewdale, an intermodal hub in Perth in Western Australia.

Sens. Amy Klobuchar, D-Minn., chair of the Senate Judiciary Committee’s Subcommittee on Antitrust, Competition Policy and Consumer Rights, and David Vitter, R-La., ranking member of the...

Construction has begun on the Pioneer Project, which will expand the New Town transloading facility in North Dakota, increasing rail capacity in the Williston Basin...

Norfolk Southern reported profit in 2012 was $1.75 billion, dropping 8.7 percent from $1.92 billion in 2011.

In April, MacAndrews will set up a refrigerated train service linking Murcia with Balboa in Spain, in order to reinforce its current European 45-foot container reefer multimodal service.

CEVA Logistics has launched a new China to Europe railway service.

Florida East Coast Railway recorded a net loss of $13.3 million for the full year of 2012, improving $24.0 million, or 64 percent, from a net loss of $37.3 million in 2011.

The Intermodal Transportation Institute’s board of directors at the University of Denver has elected two new members: Mathieu Faure from Canadian Pacific Railway and Keith Reardon from Canadian National Railway.

A supply chain and logistics provider serving major U.S. fast food and sit-down chain restaurants said its customers could double the share of surface freight shipped via railroads to as much as 9 percent in the coming years.

Container lines’ rapid exit from intermodal chassis ownership is spawning several equipment supply models that emphasize flexibility and a larger role for lessors and truckers.

The Greenbrier Companies has hired Adrian Downes as senior vice president and chief accounting officer.

Canadian National has appointed three vice presidents as part of the company’s executive changes, according to Jim Vena, executive vice president and chief operating officer of the Class I railroad.

Indian Railways reported its revenue-earning freight traffic from April 2012 to February 2013 was 911.53 million metric tons, increasing 35.93 million metric tons, or 4.1 percent...

The origins of the looming deadline to implement a railroad crash-avoidance technology mandate and a shipper petition to require mandatory reciprocal switching are completely different.

Genesee & Wyoming has appointed Greg Pauline as managing director of Genesee & Wyoming Australia, its Australian branch.

Indian Railways reported earnings from April 2012 to February 2013 were Rs. 111984.89 crore (about US$20.6 billion), rising 20.4 percent compared with $17.1 billion during the same period in the previous year.

The Los Angeles Harbor Commission certified the final environmental impact report for BNSF’s proposed Southern California International Gateway.

Textainer Group Holdings has named Alvin Chong as vice president and head of the resale division, succeeding Stefan Mackula, and promoted Anthony C. Sowry to senior vice president of operations and acquisitions.

BNSF Railway will begin testing a small number of locomotives using liquefied natural gas as an alternative fuel later this year, said Matthew K. Rose, BNSF chairman and CEO, at the CERAWeek conference today.

Florida East Coast Railway has appointed Melissa “Missy” Westerman as vice president and corporate controller, starting April 2.

Edward R. Hamberger, president and CEO of the Association of American Railroads, today told the House Transportation and Infrastructure Committee’s subcommittee on railroads, pipelines and hazardous materials that...

The Association of American Railroads has rejected the National Industrial Transportation League’s proposal on mandatory switching, saying that it would harm all rail network users.

Etihad Rail has secured a $1.28 billion loan for Stage One of its railway project, which comprises the route from Shah and Habshan to Ruwais in the United Arab Emirates.

BNSF Railway CEO and Chairman Matt Rose said Monday the western railroad expects modest volume growth in 2012 but said the U.S. needs to spend more to prepare for a surge of freight growth expected over the next decade.

In the last six months of 2012, KiwiRail reported its operating revenue rose 4 percent year-over-year to almost $363 million and its operating surplus increased 7.6 percent to nearly $47 million.

Berkshire Hathaway reported that subsidiary BNSF Railway’s net earnings rose 13.5 percent year-over-year from $2.97 billion in 2011 to $3.37 billion in 2012.

Beginning this month, Canadian National will boost shipments of heavy northern Alberta crude oil through LBC Tank Terminals’ expanded facility at Sunshine, in the Gesimar, La., industrial complex.

Growth in refrigerated rail traffic and equipment serves as a strong signal that U.S. railroads are snatching back business some 60 years after the creation of the interstate highway system helped trucking take command of the temperature-controlled market.

Hungary has unveiled plans to build a 70-mile double-track railroad crossing the river Danube to exploit the nation’s geographical location to handle freight moving between eastern and western Europe.

For a second time, the 9th Circuit Court of Appeals has denied environmental groups’ request to block construction on the Port Mackenzie Rail Extension, a 32-mile rail link connecting the main line of the Alaska Railroad with...

TBG Holdings has acquired Monkey Rock, which will be repositioned to compete in the short line and regional freight railroad industry.