Loop Capital Archives

Commentary

July 14, 2025
Class I

State of the Rails: Fourth of July Effect, Part 1

Given the Fourth of July effect in the most recent weekly data, we’ll give Canadian Pacific Kansas City (CPKC) a break from our weekly critique as it continues to try to restore fluidity after the May 3 U.S. IT cutover from
the old Kansas City Southern (KCS) Management Control System (MCS) to Canadian Pacific’s (CP) “TYES” system. Just kidding.

Commentary

June 10, 2025
Railway Interchange

The State of the Rails: Memorial Day Effect, CPKC IT Cutover

Operating data for the week of May 26 highlighted the first of the four big public holidays that typically accelerate the U.S. Class I networks, due to the temporary reduction in volume

Commentary

March 07, 2025
Class I

The State of the Rails – CN Back from the Brink; PSR Recoverability

This is a weekly report that analyzes operational and service trends for the North American Class I railroads. This edition incorporates weekly operating data through February 28.

Commentary

October 07, 2024
Class I

State of the Rails: Growth Patchwork, Hurricane Helene

The STB hearing on U.S. Class I volume growth—or lack thereof—shined a spotlight on this important issue, and before that spotlight fades and we get back to the business of not growing,

Caterpillar Inc.’s Lafayette, Ind., large-engine facility (pictured) will be expanded to boost production capacity for new engines and aftermarket parts, including those for rail applications. (Screen Grab from Caterpillar Video)

August 20, 2024
News

Supply Side: Caterpillar, WSP, AtkinsRéalis

Caterpillar Inc., the parent company of Progress Rail, is expanding its large-engine facility in Lafayette, Ind. Also, WSP and 10 other public and private agencies sign the Equity in Infrastructure Project pledge as a commitment to improving diversity in public contracting; and Montreal, Quebec-based AtkinsRéalis Group Inc. lands a Network Rail contract to upgrade signaling and telecommunications infrastructure in the U.K.