OMAHA, Neb. — Union Pacific reported record net profits for the fourth quarter and full year on Thursday and said that its new Precision Scheduled Railroading operating plan would help it reduce costs, improve service, and boost traffic volume. Executives said they expect UP to reduce its operating ratio to below 61 percent this year […]
Association of American Railroads Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending Jan. 19, 2019. For this week, total U.S. weekly rail traffic was 543,111 carloads and intermodal units, up 6.9 percent compared with the same week last year. Total carloads for the […]
KANSAS CITY, Mo. — Kansas City Southern reported record results for the fourth quarter and full year, although executives said they were disappointed that the railroad’s service fell short of expectations in 2018. “We did not meet the expectations of our customers or shareowners, particularly in the areas of customer service and growth,” CEO Patrick […]
Pat Ottensmeyer, Kansas City Southern CEO TRAINS: David Lassen KANSAS CITY, Mo. — Kansas City Southern has hired a veteran Canadian National executive as a consultant who will help lead its gradual shift to Precision Scheduled Railroading during the next two years. Sameh Famhy, who was senior vice president of engineering, mechanical and supply management […]
Association of American Railroads Association of American Railroads WASHINGTON — The Association of American Railroads on Wednesday reported U.S. rail traffic for the week ending Jan. 12. For this week, total U.S. weekly rail traffic was 555,127 carloads and intermodal units, up 8.4 percent compared with the same week last year. Total carloads for the […]
James Foote, CSX Transportation CEO CSX Corp. JACKSONVILLE, Fla. — CSX Transportation set a record for the lowest U.S. Class I railroad operating ratio in 2018 and expects the key measure of efficiency to drop below 60 percent this year, a year ahead of schedule. “What an incredible year,” CEO Jim Foote said on the […]
Mark Wallace, CSX executive vice president of sales and marketing TRAINS: David Lassen LOMBARD, Ill. — Proclaiming that his railroad has gone “from worst to first” in just 20 months, CSX Transportation’s Mark Wallace offered a strongly positive view of Precision Scheduled Railroading Thursday at the Midwest Association of Rail Shippers conference. Wallace made his […]
BNSF Railway Executive Chairman Matt Rose speaks to an audience at the Midwest Association of Rail Shippers conference in Lombard, Ill., on Jan. 16, 2019. TRAINS: David Lassen LOMBARD, Ill. — Matt Rose has a lot of things on his mind as he nears the end of his tenure as executive chairman of BNSF Railway. […]
JACKSONVILLE, Fla. — CSX Corp. today announced fourth quarter 2018 net earnings of $843 million, or $1.01 per share, versus $4,140 million, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same period last year. Fourth quarter 2017 net earnings included a tax reform benefit resulting from the Tax […]
BNSF Executive Chairman Matt Rose TRAINS: David Lassen LOMBARD, Ill. — Matt Rose continues spiking hard on Precision Scheduled Railroading. Speaking before the Midwest Association of Rail Shippers on Wednesday, BNSF Railway’s executive chairman laid out additional considerations and problems he sees with the continued roll-out of PSR. He spoke candidly on the topic a […]
VANCOUVER, B.C. — The Canadian Transportation Agency announced on Monday that it will investigate rail freight performance in the area of Vancouver, British Columbia — the first time it is using its new authority to launch such investigations. Canadian National and Canadian Pacific responded with statements defending their performance in the Vancouver area, with CP […]
Then CSX Transportation CEO E. Hunter Harrison, right, speaks before the Surface Transportation Board in 2017. R.G. Edmonson AURORA, Ill. — Tom Weisner, the former mayor of Aurora, Ill., who passed away recently at the age of 69, was honored at a service Monday for his leadership of Illinois’ second-largest city. But beyond the city’s […]
