April 27, 2023 | AAR Freight Trends, Headlines, PSR
(Source: Railway Age, April 26, 2023) It’s the second consecutive week that U.S. carloads rose while intermodal volumes fell, and total rail traffic continued to lag 2022 levels, according to Association of American Railroads’ (AAR) reports. For the week ending April...
April 27, 2023 | CPKC, Headlines, Quarterly Income
(Source: Canadian Press, April 26, 2023) Fresh from a historic merger, Canadian Pacific Kansas City president and CEO Keith Creel says the company is focused on a disciplined integration into a railway network that he believes will become “the most relevant in...
April 27, 2023 | CPKC, Headlines, Mexico
(Source: Trains Magazine, April 26, 2023) CPKC’s first new service — a pair of intermodal trains linking Chicago and Mexico — will launch on May 11, carrying containers from new customers Schneider and Knight-Swift. Daily hotshots 180 and 181 will link Chicago with...
April 27, 2023 | DOL, Headlines
(Source: Roll Call, April 26, 2023) The Senate Health, Education, Labor and Pensions Committee voted along party lines (11-10) Wednesday to advance Julie Su’s nomination to be Labor secretary, with several senators’ floor votes still in question. Full story: Roll...
April 27, 2023 | Derailment, East Palestine-NS, Headlines, NS, Quarterly Income
(Source: Freight Waves, April 26, 2023) Norfolk Southern officials are hoping for service improvements in the second half of 2023 following a first half marred by a number of prominent train derailments, most notably the February derailment in East Palestine, Ohio, of...
April 27, 2023 | Headlines, Technology
(Source: Associated Press, April 27, 2023) Every day, locomotives pull rail cars filled with food, lumber, oil and other products through railyards near neighborhoods in Oakland, Commerce, San Bernardino and other California cities. They run on diesel, a more powerful...
April 26, 2023 | Derailment, East Palestine-NS, Headlines, NS
(Source: Editorial in the Columbus Dispatch, April 23, 2023) The nation’s attention has waned, but the needs of the people impacted by the derailment persists. So has the call to strengthen regulations to prevent other tragedies as trains get bigger and longer...
April 26, 2023 | Derailment, East Palestine-NS, Headlines, NS, Quarterly Income
(Source: CNN, April 26, 2023) Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. That dragged profit lower by about a third. The Atlanta-based company reported it earned...
April 26, 2023 | CN, Headlines, Quarterly Income
(Source: Yahoo Finance, April 25, 2023) Canadian National Railway Co. said the flow of consumer goods across its network is slowing down to the point that executives now believe North America is in a “mild recession.” Full story: Yahoo Finance
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...
