Railroads Industry

Among Union Pacific's (NYSE: UNP) $2.8 billion in capital investments in 2021 are additions or extensions of sidings at a number of points along its network. Sidings enable one train to meet and pass another. Adding sidings that can accommodate longer trains enables Union Pacific (UP) to improve...

Former Surface Transportation Board (STB) Vice Chairman William Clyburn Jr. is urging the current board to approve the proposed voting trust that Canadian railway CN (NYSE: CNI) plans to form as part of the process to acquire Kansas City Southern (NYSE: KSU). CN and Kansas City Southern (KCS) say...

The American Chemistry Council (ACC) wants regulators to look into why chemicals shippers are experiencing "rail service challenges" throughout the U.S. and particularly within the Gulf Coast and Southeast. ACC President and CEO Chris Jahn sent a letter dated Tuesday to the Surface Transportation...

CSX (NASDAQ: CSX) is shuffling its leadership roster, the company announced Monday. Kevin Boone is now executive vice president of sales and marketing, after having served mostly recently as chief financial officer at CSX.  Mark Wallace, who has been serving as executive vice president of sales...

Brain E. Gorton, Conrail's president and chief operating officer since April, recently chatted with FreightWaves about his vision for Conrail, a U.S. Northeast terminal railroad jointly owned by CSX (NASDAQ: CSX) and Norfolk Southern (NYSE: NSC). As described in an October 2019 FreightWaves piece,...

OneRail has expanded its final-mile delivery offerings to include an additional 1 million couriers as part of its Logistics Partner Network. OneRail coordinates rate shopping and the execution of shipments across all final-mile shipping modes, completely automating dispatch and tracking. The...

More funding for passenger rail? Yes, please, according to President Joe Biden's proposed budget for the Federal Railroad Administration (FRA) for next year. The proposed $4 billion budget includes a 35% increase in financial support for Amtrak as well as the creation of a new grant program aimed...

The Surface Transportation Board (STB) has asked the Class I railroads through a series of recent letters to keep in close touch with regulators as the U.S. economy recovers, fall peak approaches and port congestion and chassis availability clog the supply chain. Specifically, the board is asking...

The Surface Transportation Board (STB) wants more information about how CSX (NASDAQ: CSX) will integrate Pan Am Railways into its network should it succeed in acquiring the short line operator.  STB said Wednesday that CSX's application to acquire the New England short line was incomplete. The...

Canadian railway CN (NYSE: CNI) and Kansas City Southern (NYSE: KSU) plan to divest of about 70 miles of Kansas City Southern (KCS) track in Louisiana as part of the effort to secure regulatory approval to merge and create an "end-to-end" network that spans from Canada to Mexico. The proposal to...

To view more FreightWaves infographics, click here. Image Sourced from Pixabay

Employment levels at the U.S. operations of the Class I railroads in April were up slightly from March but down 7% year-over-year, according to data submitted to the Surface Transportation Board. U.S. Class I railroads operating in the U.S. employed 115,485 employees in April, up 0.42% from March...

Kansas City Southern (NYSE: KSU) has made it official: It's breaking up with Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival CN (NYSE: CNI). The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was "...

Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer. Both CN and CP are seeking to acquire...

With one quarter in 2021 under its belt, railcar manufacturer FreightCar America believes its new manufacturing footprint, coupled with positive market conditions, will make 2021 a good year for the company. "The year 2021 is about building momentum in support of expansion and profitable growth as...