Trains

There is some uncertainty for commodities such as grain, lumber, coal and crude, but Canadian National (NYSE: CNI) leaders are "cautiously optimistic" about volumes and how the company might perform in the second half of the year. "In regards to 2019, we are reaffirming our guidance with continued...

Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs. The company said its adjusted net profit was $1.25 billion in the second quarter,...

U.S. railroads had fewer employees on their payroll in June amid lower rail volumes overall and company decisions to trim workforce levels as part of changes to their operating models. The U.S. operations of the Class I railroads employed 141,360 employees in June, a 4 percent drop from employee...

FreightWaves features Market Voices – a forum for voices with unique knowledge of numerous transportation/logistics/supply chain sectors, as well as other critical expertise. Railroad freight is a volume business. Shippers and receivers are unlikely to turn to the nation's railroad carriers for...

At seemingly every turn in the supply chain, agribusiness shippers say they are feeling the hurt caused by rail and truck equipment shortages, burdensome ocean carrier fees, and overall freight congestion that they claim a strong federal freight funding package will help alleviate. "Our entire...

--When CSX Corporation (NASDAQ: CSX) reported a third quarter 2018 operating ratio (OR) of 58.7 percent, an improvement of almost 1,000 basis points over the third quarter of 2017, it was such a stunning number that it set off enough discussion in the industry over the apparent enormous...

Project first suggested in 2002 may yet go forward as Port of Baltimore vies for hinterland freight movements. CSX Corp. (NYSE: CSX) is reversing course with a pledge of new funding to a long-delayed tunnel improvement project in Maryland, one that will allow the rail carrier to finally move double...

In the wake of two major train derailments and explosions involving tank cars carrying crude oil from North Dakota, the nation's railroad trade groups are calling on federal safety regulators to require all tank cars used in the rail transport of flammable liquids to be either retrofitted to more...

President, Chairman and CEO of CSX (NYSE: CSX) Michael Ward appeared on CNBC's Squawk Box to discuss the company's strong Q2 results. CSX came in at $0.52 EPS, both over analysts' estimates and last year's Q2 results. Revenue came in at $3.07, toppling estimates of $3.02 billion while also...