Management Archives

April 21, 2015
Class I

CP reports record operating ratio, earnings

Building upon the momentum established when E. Hunter Harrison, Railway Age’s2015 Railroader of the Year, was appointed CEO, Canadian Pacific Railway posted the lowest first-quarter operating ratio in the company’s history and the highest-ever net income for the period.

April 20, 2015
Class I

FRA, PHMSA pile on the paperwork

The Federal Railroad Administration (FRA) and Pipeline and Hazardous Materials Safety Administration (PHMSA) on April 17, 2015 issued what they describe as “a package of targeted actions that will address some of the issues identified in recent train accidents involving crude oil and ethanol shipped by rail.”

April 20, 2015
Class I

CN posts a strong first quarter

Taking full advantage of strong demand for its services and benefitting from a milder winter than last year’s deep freeze, CN posted strong first-quarter 2015 financials.

April 17, 2015
Class I

CN locomotive engineers ratify new labor agreement

Canadian National Railroad Company (CN) locomotive engineers, represented by the Teamsters Canada Rail Conference (TCRC) union, have established a new collective agreement with the company, CN announced on April 16, 2015.

April 16, 2015
Class I

Freight traffic stays relatively flat

According to figures reported by the Association of American Railroads for the week ending April 11, 2015, freight rail traffic remained relatively flat.

April 16, 2015
Class I

Toyota Logistics Services likes going places with UP

Toyota, whose advertising slogan is “Let’s Go Places,” is able to depend upon the railroads for the places its motor vehicles need to go. In recognition, Toyota Logistics Services has awarded Union Pacific 2014 Logistics Excellence Awards in Customer Service and Service Performance.

April 15, 2015
Class I

CSX: Double-digit net earnings and EPS growth in 1Q15

CSX posted first-quarter 2015 net earnings of $442 million, an 11% increase from $398 million in the same period last year, and generated earnings per share of $0.45, a 13% increase from $0.40 per share last year, the company announced April 14, 2015.

April 14, 2015
Regulatory

2014 safest year on record

The most recent safety statistics released by the Federal Railroad Administration (FRA) in April show that 2014 was the safest year on record for train operations in the United States, in terms of both the number of accidents and the accident rate per million train-miles, for a variety of causes. These numbers include passenger rail, though the majority are freight rail accidents.

April 13, 2015
Class I

NS to Wall Street: Expect lower 1Q 2015 earnings

While stating that it “does not forecast earnings, and this announcement is not intended to change that policy,” Norfolk Southern said, in a press release issued immediately after the New York Stock Exchange closing bell on April 13, 2015, that it expects its first-quarter diluted earnings per share to be $1.00, 15% below the same quarter in 2014.

April 13, 2015
Class I

First-quarter shipper survey notes “mild negative” for rail

The results of a rail shipper survey conducted by Cowen & Company in 2015’s first quarter indicate a “mild negative for the rail sector,” according to Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl.