Intermodal volume rose 0.9% for the week ended Saturday from the same week a year ago, the Association of American Railroads reported.
July 19, 2013Search
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Canadian Railroads’ Earnings Improve
Canada’s two major freight railroads reported higher second-quarter earnings from a year ago on stronger rates and volume.
July 24, 2013Transport Canada Enacts Emergency Rail Safety Rules in Wake of Quebec Crash
Transport Canada announced emergency railway safety rules in the wake of a deadly freight train crash in Quebec earlier this month.
July 24, 2013Hub Group’s Profit Rises on Stronger Logistics, Intermodal Operations
Hub Group Inc. reported higher second-quarter earnings on improved revenue at its intermodal and logistics units.
July 19, 2013Kansas City Southern’s 2Q Income Drops
Kansas City Southern’s second-quarter net income fell to $15 million, or 14 cents a share, from $120 million, or $1.09, a year ago.
July 19, 2013XPO Agrees to Buy 3PD for $365 Million, Its Eighth Acquisition in 18 Months
Rapidly growing XPO Logistics Inc. agreed to buy 3PD Inc., a third-party logistics company, for about $365 million in the most expensive publicly disclosed transport-sector transaction this year.
July 22, 2013South Florida Logistics Co. Appoints New CEO
South Florida Logistics Services said it has hired 30-year industry veteran Chris Scott as its new CEO.
July 19, 2013Union Pacific Reports Record 2Q Profit
Union Pacific Corp. said Thursday its second-quarter profit rose 10% to an all-time high, despite carloads dipping 1% in in the quarter.
July 18, 2013Mexico Plans to Invest $100 Billion in Ports, Rail, Roads
The Mexican government said it would invest close to $100 billion in road, port and rail projects over the next five years, the Associated Press reported.
July 17, 2013CSX Reports Higher Second-Quarter Profit
CSX Corp.’s second-quarter earnings rose to $535 million, or 52 cents a share, from $512 million, or 49 cents, a year ago.
July 17, 2013