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Domestic News

Kansas City Southern Net Profit Slips in Fourth Quarter

Net profit for Kansas City Southern slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer products.

CSX Eyes Flat to Lower Revenue in 2020

Eastern railroad CSX expects its annual revenue to be flat to 2% lower in 2020 amid a systemic decline in coal volumes and an industrial economy that might take some time to improve, company executives said Thursday during CSX’s fourth-quarter earnings call.

Workforce Initiative Helps Recently Laid Off Employees in Roanoke

Layoffs with Norfolk Southern, FreightCar America and General Electric have left hundreds of families in the Roanoke Valley without a stable source of income. Over the past couple of years, those layoffs left about 600 people unemployed.

Oregon's US Senators Join Call To Reject LNG-By-Rail Rules

Both of Oregon’s U.S. senators expressed concern on Tuesday over the Trump administration’s proposed rule to transport liquefied natural gas by rail lines.

International News

CRRC Remains a Threat to Railcar Suppliers

CRRC, the Chinese railcar and locomotive manufacturer, remains a threat to the North American rail supply industry despite a new ban on federal spending for railcars built by companies owned or controlled by the Chinese government.