Train

According to recent reports, thieves have been looting cargo containers aboard trains near downtown Los Angeles.  The majority of the packages being stolen are from Amazon.com, Inc. (NASDAQ: AMZN), United Parcel Service, Inc. (NYSE: UPS), and FedEx Corporation (NYSE: FDX). ...

While Norfolk Southern Corp. (NYSE: NSC) is continuing with its strategic overhaul, which it initiated in 2018, the improvements are “now palpable and are accelerating,” according to BofA Securities. The Norfolk Southern Analyst: Ken Hoexter upgraded the rating for Norfolk Southern from...

The Transportation Safety Board (TSB) of Canada is still investigating what caused the Dec. 9 derailment of a Canadian Pacific (NYSE: CP) unit train carrying crude oil. The accident, near Guernsey, Saskatchewan, resulted in 20 punctured tank cars that released crude oil and sparked a large fire...

As of the end of June, nearly a quarter of the Class I railroads' U.S. operations have positive train control (PTC) technology that can operate across another carrier's rail network, the Federal Railroad Administration (FRA) said in a September 9 update on PTC implementation. FRA said 23.3% of the...

Customers of the major U.S. railroads claim that many of the service headaches and added costs they've increasingly had to endure over the last three years could be avoided if they were to be made partners in the carriers' move to overhaul rail operations. This lack of collaboration with the...

Norfolk Southern's (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit increased 2 percent to $722 million in the second quarter compared with the same period in 2018....