November 1, 2023 | East Palestine-NS, EPA, Headlines
(Source: Associated Press, October 26, 2023) The removal of contaminated soil from the eastern Ohio site of February’s fiery Norfolk Southern derailment is expected to be completed sometime this weekend, although the larger cleanup effort isn’t over. Full story:...
November 1, 2023 | CPKC, Headlines, Mexico
(Source: Reuters, October 27, 2023) Rail company Canadian Pacific Kansas City (CPKC) has temporarily held back rail cars containing fuel and petrochemicals bound from Texas to Mexico following Mexico’s restrictions for oil imports in a move to fight smuggling,...
November 1, 2023 | CPKC, CSX, Headlines, NS, Short Line, STB
(Source: Trains.com, October 27. 2023) Canadian Pacific Kansas City and CSX Transportation told the Surface Transportation Board today that there’s no reason to grant Norfolk Southern’s request for a delay in review of their proposals to create a new through route...
November 1, 2023 | Headlines, NS, PSR, Quarterly Income
(Source: Trains.com analysis by Bill Stephens, October 20, 2023) When Norfolk Southern CEO Alan Shaw outlined the railroad’s long-term growth strategy in December, he couldn’t have been more clear: Keeping train crews on the payroll during freight downturns would hurt...
October 27, 2023 | Headlines, NS, Technology
(Source: Associated Press, October 26, 2023) To help quickly spot safety defects on moving trains, Norfolk Southern said on October 26 it has installed the first of more than a dozen of a new generation of automated inspection portals on its tracks in Ohio. The new...
October 27, 2023 | CN, CPKC, Headlines, Ports
(Source: Trains.com, October 26, 2023) For more than a decade, British Columbia ports have won market share from U.S. West Coast ports for containers bound to Chicago and the Midwest — but that long-term trend has reversed in a matter of months due to the two-week...
October 26, 2023 | East Palestine-NS, Headlines, NS, Quarterly Income
(Source: Associated Press, October 25, 2023) Norfolk Southern said its third-quarter 2023 profit of $478 million was half of last year’s $958 million. Without costs related to its derailment in East Palestine, Ohio, NS said it would have made $601 million. The...
October 26, 2023 | CPKC, Headlines, Quarterly Income
(Source: Freight Waves, October 25, 2023) CPKC reported net profit of CA$780 million (US$565 million) in the third quarter of 2023, down 12% year-over-year (y/y) from CA$891 million. Overall revenue totaled CA$3.3 billion in the third quarter, compared with CA$2.3...
October 26, 2023 | CN, Headlines, Quarterly Income
(Source: Progressive Railroading, October 25, 2023) CN yesterday reported third-quarter 2023 revenue of CA$4 billion, down 12%, and net income of CA$1.1 billion, down 24%, compared with the same period a year ago. Operating income declined 21% to CA$1.5 billion...
October 26, 2023 | AAR Freight Trends, Headlines
(Source: Railway Age, October 25, 2023) Through the first 42 weeks of 2023 (ending Oct. 21), total North American carload and intermodal traffic decreased 3.5% from the same point last year, the Association of American Railroads (AAR) reported Oct. 25. Both the U.S....
