April 26, 2023 | CN, Headlines, Quarterly Income
(Source: Trains Magazine, April 25, 2023) Strong Q1 2023 prompted CN to raise its financial outlook for the year to mid single-digit earnings per share growth, up from its previous guidance of low single-digit growth. CN said it expects an economic downtown, but won’t...
April 26, 2023 | CPKC, Headlines, Shippers, UP
(Source: Trains Magazine, April 25, 2023) Knight-Swift will shift its U.S.-Mexico intermodal traffic from Union Pacific to CPKC’s new single-line route beginning in May. CPKC and Knight-Swift announced their multi-year agreement today, just four days after...
April 26, 2023 | CEO Pay, Headlines, PSR
(Source: Trains Magazine, April 24, 2023) The publicly traded U.S. Class I railroads are putting more of an emphasis on service and volume growth in the annual incentive plans they offer to their executives. It’s a clear sign, analysts say, that the railroads are...
April 26, 2023 | BNSF, Headlines, PSR, Shippers, STB
(Source: Trains Magazine, April 26, 2023) The Surface Transportation Board will hold a hearing next month to consider a Powder River Basin coal producer’s request for an emergency service order that would require BNSF Railway to handle more volume from the Spring...
April 26, 2023 | Derailment, Headlines, UP
(Source: Trains Magazine, April 25, 2023) Five locomotives and approximately 24 cars of a Union Pacific train derailed Monday morning after a grade-crossing accident with a tractor-trailer truck, a railroad spokesman told KOAM-TV. The train’s crew as not injured, but...
