ºÚÁϳԹÏÍø

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

Brokerage and supply chain operator AFN Logistics announced the purchase of less-than-truckload and transportation management system assets from HA Logistics Inc. to expand the buyer’s service capabilities.

CSX is launching a new intermodal rail service between the Port of Wilmington and the railroad’s terminal in Charlotte, North Carolina, boosting the city’s status as a transportation hub, company and state officials said July 19.

While opposition from Johnston County landowners stalled a proposed CSX container hub, Rocky Mount, North Carolina, economic development officials quietly pieced together 700 acres willing to take on the project.

Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses.

Hapag-Lloyd AG's share price fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final deal to join forces with United Arab Shipping Co. to become the world’s fifth-largest container carrier.

Minnesota Gov. Mark Dayton said July 15 he is creating a public-private group to improve communication, safety and economic development related to rail service across the state.

CSX Corp. began the second-quarter freight transport earnings reporting season by announcing that net income fell 20% to $445 million, or 47 cents per share, dragged down by a 34% reduction in coal revenue.

Three years ago July 6, an unattended train carrying crude oil from North Dakota rolled down a hill toward the town of Lac-Megantic, Quebec.