Union Pacific, frequently identified – rightly or wrongly – as a foe of joint freight/passenger rail operations, may be the first major railroad to sign such an implementing agreement, reports the Journal of Commerce. The Journal of Commerce quoted UP CEO Jim Young as saying [...]
Norfolk Southern on Oct. 27 followed most other major railroads in reporting substantial earnings improvements for the third quarter 2010. CSX, Canadian National, Kansas City Southern and Union Pacific all have reported substantial improvements in net income and operating rat [...]
Iowa Interstate Railroad and Amtrak are intending jointly to launch conventional-speed (79 mph) passenger service between Chicago and Iowa City over a previously abandoned rail line, reports progressiverailroading.com. The proposed service, reported progressiverailroading.com [...]
On the heels of blockbuster third quarter earnings reports by CSX and Union Pacific, Kansas City Southern and Canadian National on Oct. 26 reported their own impressive earnings improvements. Kansas City Southern reported doubling its third quarter net income, and reducing it [...]
So how long will you live after you retire, and will you have enough money to live on comfortably? Precisely. And that’s why – before you retire – you should think about post-retirement economic security, because few things could be worse than money running out during what ar [...]
By James StemUTU National Legislative Director Alfred E. Newman, the not-very-bright Mad magazine character, had an expression shared today by too many Americans: “I am not sure who is running, and my vote won’t make a difference anyway.” It is doubtful thos [...]
Railroad intermodal traffic –- especially the movement of containers atop flat cars — is sizzling. Responding to the growing demand, Union Pacific has ordered almost 10,000 new 53-foot containers this year, according to the Journal of Commerce. Additionally, reports the [...]
An automobile driver was killed and dozens of students riding a school bus were injured after a car slammed into the rear of the bus in Los Angeles Oct. 25, causing the bus to overturn, reports the Los Angeles Times. The Los Angeles Times said 54 teenage students were aboard [...]
Newsweek magazine has given CSX the highest “Green Ranking” among Class I freight railroads – and named CSX 10th in environmental responsibility among all transport and aerospace companies. The Newsweek rankings are based on input from three environmental organizations. In a [...]
Railroads are ordering considerably more freight cars than in previous months, according to the Railway Supply Institute – another indication of the strength of rail carloadings and the rails’ economic optimism going forward. The number of new freight cars on order for [...]
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