Railroads Industry

APM Terminals Mobile in Alabama is putting a spotlight on its freight rail capacity to handle imported goods from the Gulf Coast to Chicago and other popular Midwestern destinations. The reminder comes as supply chains are grappling with congestion at Chicago as stakeholders seek to reduce the...

The supply chain disruptions occurring within the international intermodal sector will likely persist through the end of the year, according to Union Pacific President and CEO Lance Fritz. UP (NYSE: UNP) has taken numerous actions to mitigate the impact to customers and it has been working with...

The Surface Transportation Board is asking the Class I railroads to explain how they are addressing congestion within the international intermodal supply chain amid shippers' reports about "sizeable" storage fees and the length of time containers are being held. STB Chairman Marty Oberman, in...

CSX is looking at how it attracts new hires as the railroad strives to add employees so that it has enough capacity to handle demand. Like other industries, the railroads have encountered challenges finding potential employees, and that challenge has stunted CSX's (NASDAQ: CSX) plans to improve...

Union Pacific's net profit for the second quarter of 2021 rose by 59% from a year ago to $1.8 billion amid a 30% increase in operating revenue. Second-quarter net income was $1.8 billion, or $2.72 per diluted share, compared with $1.1 billion, or $1.67 per diluted share, in the second quarter of...

Canadian railway CN is still recovering from a nearly two-week outage of a bridge that is part of a key route to Vancouver. The impacts of the outage remain to be seen, as the bridge outage, as well as wildfire conditions, have contributed to a backlog at the Port of Vancouver, said CN executives...

Kansas City Southern still anticipates double-digit revenue growth for 2021 amid favorable macroeconomic indicators, executives said during its second-quarter 2021 earnings call on Friday. But KCS (NYSE: KSU) adjusted its 2021 target operating ratio to about 60% from earlier guidance of 57.5% amid...

The $700 million fee that Kansas City Southern paid to terminate its merger agreement with Canadian Pacific slashed KCS' income for the second quarter. KCS (NYSE: KSU) folded the fee into its operating expenses, which became $1.18 billion for the second quarter. It also led to a second-quarter net...

Union Pacific is temporarily suspending eastbound service from West Coast port terminals to its Global IV intermodal facility in Chicago to help ease "significant congestion" at inland terminals, especially Chicago, and at the ports. UP (NYSE: UNP) hopes this suspension, which will start on Sunday...

The Fourth of July holiday weekend resulted in weaker U.S. volume comparisons year-over-year, but the overall trend for 2021 is still upward for intermodal volumes. Meanwhile, rail observers anticipate the start of the earnings seasons and the Class I railroads' responses to how they handled...

FreightWaves recently chatted with Daniel Simounet, vice president of the transportation sector for Hitachi ABB Power Grids, about whether it's possible to electrify the freight rail system in North America. Simounet is responsible for working with North American customers that might need power...

Amtrak wants the Surface Transportation Board to expedite its review of Amtrak's plans to re-establish passenger rail service in the U.S. Gulf Coast. The service was discontinued in the mid-2000s. But CSX (NASDAQ: CSX) and Norfolk Southern (NYSE: NSC) are saying, not so fast. The two freight rail...

A focus on sustainability could be a boon for railcar manufacturers as European and North American customers pursue larger, higher-capacity railcars as a means to optimize rail shipments while reducing their carbon footprint by using rail, according to executives with railcar manufacturer...

Defining what it means to provide rail shippers with robust competitive options could be the lens that the Surface Transportation Board uses as it responds to an order from President Joe Biden aimed at promoting competition within the freight railroad and maritime industries.  But it remains to be...

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