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Class I Briefs: CN, CPKC, BNSF (UPDATED, 7/17)

CN’s net-zero by 2050 target is validated by the Science Based Targets Initiative (SBTi). Also, CN and Canadian Pacific Kansas City (CPKC) are recognized by Corporate Knights as top-rated freight transport companies in Canada’s “Best 50 Corporate Citizens” for 2024; and BNSF honors 109 companies with its annual Product Stewardship Award.

“Our market-leading position demonstrates the progress on our strategic plan to deliver strong performance, reduce cyclicality, and deliver long-term shareholder value,” said President and CEO Lorie Tekorius."

Greenbrier 3Q24: ‘Positive Momentum’ Continues

The Greenbrier Companies’ “consolidated gross margin in the mid-teens for a third consecutive quarter drove strong earnings per share (EPS) performance,” said President and CEO Lorie Tekorius, during a report on the freight transportation equipment and services supplier’s third fiscal-quarter ended May 31, 2024.

A map of Green Eagle Railroad LLC’s proposed 1.335-mile common carrier rail line in Maverick County, Tex., extending from the southern border of the United States and connecting to Union Pacific (UP) at approximately milepost 31 on the Eagle Pass Subdivision. The line is part of parent company PVH’s proposed trade corridor for freight and commercial motor vehicles extending into Mexico. (GER Map)

STB to Prepare EIS for Proposed Eagle Pass Rail Line (UPDATED)

The Surface Transportation Board’s (STB) Office of Environmental Analysis on March 29 issued a Notice of Intent to prepare an Environmental Impact Statement (EIS) in connection with Green Eagle Railroad, LLC’s (GER) proposed construction and operation of an approximately 1.335-mile rail line in Maverick County, Tex., extending from the southern border of the United States and connecting to Union Pacific (UP) at approximately milepost 31 on the Eagle Pass Subdivision. The alternative routes to be analyzed were released July 8.

(Union Pacific Photograph)

AAR: Rail Traffic ‘Balanced’ Through June; New Report Launching July 8

“June rail traffic continued the trends we’ve seen throughout the first half of 2024, with coal shipments declining and pulling total carloads below 2023 levels,” AAR Chief Economist Rand Ghayad reported July 3. “However, this decline is balanced by growth in other sectors, including chemicals, motor vehicles and intermodal shipments.”

Class I Briefs: UP, NS

Union Pacific (UP) expands opportunities for businesses to connect to rail with five new “Focus Sites.” Also, Norfolk Southern’s (NS) Lamberts Point team in Norfolk, Va., sets a coal processing record.