Trade worries shadow rail freight gains
Another month, another milestone for surging North American rail freight with one caveat – ongoing uncertainty over U.S. trade policy.
Norfolk Southern
Rail freight hot streak continues
Deep into a summer of simmering trade and economic issues, grain and petroleum continued to lead growing U.S. rail traffic for the week ending August 25.
Grain tops weekly carloads
Rail traffic in the U.S. for the week ending August 18 was 567,477 carloads and intermodal units, up 3.7% compared with the same week in 2017.
VIDEO: In Chicago, Norfolk Southern ends controversial anti-cargo-theft operation
An anti-cargo-theft operation in Chicago’s South Side conducted jointly by the Norfolk Southern Police Department and the Chicago Police Department sparked outrage in the community.
Trainyard Tech adds NS Conway yard
Trainyard Tech, LLC recently placed its CLASSMASTER™ Process Control System for hump yards in service at Norfolk Southern’s Conway Yard in Conway, Pa.
2Q18 records for Norfolk Southern
Norfolk Southern hit new highs for operating income, operating ratio, net income and earnings per share in this year’s second quarter. Net income was $710 million, up 43% year-over-year, a result of an 18% increase in income from railway operations and a lower effective income tax rate. Diluted EPS was $2.50, up 46% year-over-year and a second-quarter record.
Rail freight volumes continue to climb
Rail freight, including commodity and intermodal volumes, continued steady upward movement in the latest weekly data check.
Port of Savannah tops container mark
Another year, another intermodal record as the Port of Savannah cemented its position as the leading southern U.S. gateway for containerized cargo.
Carloads, intermodal up ahead of tariffs
Rail traffic moved smartly ahead the first week of July as shippers secured orders before President Trump’s tariffs take full effect.
Plans aim to streamline Chicago rail network
Officials in the Windy City want to unwind the nation’s most complicated railroad labyrinth.