Trains

Old Dominion Freight Line Inc (NASDAQ:ODFL) shares are diving after it reported fourth-quarter FY23 results. Revenue rose 0.3% Y/Y to $1.496 billion, marginally missing the consensus of $1.497 billion. The slight increase in revenue is primarily due to a 3.0% rise in LTL revenue per...

The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a government-led negotiation between railroad companies and rail unions. What Happened: On Wednesday, the U.S. House of Representatives passed a piece of legislation...

While Norfolk Southern Corp. (NYSE: NSC) is continuing with its strategic overhaul, which it initiated in 2018, the improvements are “now palpable and are accelerating,” according to BofA Securities. The Norfolk Southern Analyst: Ken Hoexter upgraded the rating for Norfolk Southern from...

To view more FreightWaves infographics, click here. Image by Hands off my tags! Michael Gaida from Pixabay

Ensuring competitive access and fortifying passenger rail service are two of the goals that stakeholders want the Surface Transportation Board to achieve as it mulls CSX's proposed acquisition of New England short line Pan Am Railways. Opponents and skeptics about the acquisition want STB to make...

Union Pacific will increase the amount of biodiesel that fuels locomotives used for Progress Rail. Progress Rail, a Caterpillar (NYSE: CAT) subsidiary that provides rolling stock and infrastructure solutions to rail customers worldwide, has agreed to use up to a 20% biodiesel blend for specific...

Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting images in trucking, transportation, and weather. This week features a tornado of sorts spawned by a wildfire, two train derailments in the same state, severe-size hail, and more. Wildfire Weather Control...

This story is developing. Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN. CP (NYSE: CP) is offering a stock-and-cash "superior proposal" worth an estimated...

Wabtec has modernized its 1,000th locomotive in North and South America, the rail equipment manufacturer noted on Friday. Wabtec (NYSE: WAB) says rehabilitating older locomotives has resulted in up to a 25% increase in fuel efficiency, a more than 40% increase in reliability, up to a 55% increase...

To view more FreightWaves infographics, click here. Image by David Mark from Pixabay

CSX (NASDAQ: CSX) and Wabtec (NYSE: WAB) are working together to develop technologies aimed at making freight locomotives reduce fewer greenhouse gas emissions. First, the two say they are partnering to demonstrate a new technology aimed at lowering greenhouse gas emissions during the start and...

Wabtec (NYSE: WAB) and General Motors (NYSE: GM) are collaborating on bringing battery and fuel cell technology to the freight locomotive. The two will seek to develop and commercialize GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives. The collaboration...

As many as 57 employees could be laid off by mid-June at a Union Pacific (NYSE: UNP) maintenance facility in Palestine, Texas. Union Pacific (UP) confirmed that it recently told employees that it would be closing the main car repair facility in Palestine as part of its broader effort to make...

Canadian Pacific Railway Ltd (NYSE: CP) and Kansas City Southern (NYSE: KSU) announced on Sunday they would merge in a deal valued at about $29 billion in cash and shares. What Happened: The new company, Canadian Pacific Kansas City, will create a Canada-Mexico-U.S. railroad with a...

During the third quarter of 2019, the number of train robberies in Mexico rose 13% compared with the previous quarter, according to data compiled by Mexico's Railway Transport Regulatory Agency (ARTF). Agricultural grains, auto parts and consumer goods, such as beverages and toys, were the most...