Domestic News
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U.S. rail traffic was again ahead of 2023 levels for the week ending July 20, 2024, with overall volume up 1.4% compared to the same week last year, according to statistics from the Association of American Railroads. |
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Norfolk Southern Corporation announced Thursday its second quarter 2024 financial results. For the quarter, income from railway operations was $1.1 billion, the operating ratio was 62.8%, and diluted earnings per share were $3.25. |
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Fires threatening resort and division point town of Jasper, prevented CN traffic from moving to and from Vancouver and Prince Rupert. |
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Waste from around the world is increasingly being diverted to the US for biofuel production, helping decarbonize hard-to-electrify sectors like trucking and aviation. But as refiners turn away from conventional crop-based feedstocks, farm groups fear missing out on the biofuels boom. |
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Wabtec sales and profits increased in the second quarter thanks to growth in its freight and transit divisions, the company announced today. It also has received a $600 million, multiyear order for Tier 4 locomotives from a North American railroad. |
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Container dwell times improved at major West Coast gateways despite strong volume growth amid front-loaded cargoes, and port managers say their marine terminals have both the capacity and fluidity needed to handle what’s expected to be a healthy peak season. |
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Lineage, the largest refrigerated-storage company in the world by capacity, raised $4.4 billion in its initial public offering in the biggest listing of the year. |
