Best-ever month for chem carloads
Railroads in the United States originated 1,028,141 carloads in February, down 0.3% from the same month in 2017, the Association of American Railroads said.
Railroads in the United States originated 1,028,141 carloads in February, down 0.3% from the same month in 2017, the Association of American Railroads said.
Canadian Pacific Railway’s Expressway service, operating between Milton (Toronto) Ontario and Montreal, will close effective June 1, 2018.
Shipments of containers and trailers posted healthy gains while commodity carloads were weaker from a year ago.
Canadian Pacific Railway has launched CP TempPro™, for perishable products, expanding the company’s business with perishable protective service (PPS) customers.
The Association of American Railroads said U.S. rail traffic for the week ending February 10 was 519,545 carloads and intermodal units, up 1.6% from the same week a year ago.
Canadian Pacific Railway (CP) has opened a new Asia office in Shanghai, China, as the railroad aims to build its business. The railroad also announced that Corey Heinz, managing director, Asia, will
Canadian Pacific Railway strengthened its Sales and Marketing team with the addition of two new vice presidents and reorganized the group’s structure to better meet the needs of current and future customers.
Petroleum and related products were one of the few gainers as the Association of American Railroads reported U.S. weekly rail traffic was 508,239 carloads and intermodal units, down 2.9% from the same week a year ago.
Canadian Pacific Railway had its best-ever fourth quarter, with revenues up 5% to $1.71 billion and an operating ratio of 56.1 for the October-December 2017 period. The Calgary-based company said earnings per share increased 159% to $6.77, which included an income tax recovery of $527 million, primarily as a result of U.S. tax reform net of Canadian provincial tax rate increases. Adjusted diluted earnings rose 6% to a new quarterly record of $3.22.
A Washington state port set a deadline for the developer of a controversial oil-by-rail terminal to have approvals in place or lose its lease, which would effectively kill plans to develop the largest such project in the U.S.