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Tag: railroads
Suburban NYC railroads: Delays possible during snowstorm
2016-01-21 18:31:38| Railroads - Topix.net
The Metropolitan Transportation Authority says Metro-North and the Long Island Rail Road may modify or suspend service if heavy snow, ice or winds are affecting the New York City area.
Tags: delays
nyc
suburban
railroads
Declining Coal Use Pressures Railroads
2016-01-20 22:55:10| Railroads - Topix.net
Pressures facing American railroad companies have led Norfolk Southern Corp. to engage in an "ongoing drive to enhance operating efficiencies," raising questions about the future of its Moraine, Ohio, rail yard. Norfolk Southern has consolidated two divisions, it announced last week.
Tags: pressures
coal
declining
railroads
CP wants U.S. DOJ to look into talks held by U.S. railroads
2016-01-19 18:28:39| Railroads - Topix.net
Jan 19 Canadian Pacific Railway Ltd urged the U.S. Department of Justice to look into statements by U.S. railroad companies about "working closely with each other to block" the company's proposed takeover of Norfolk Southern Corp. Canadian Pacific proposed $28 billion offer to buy Norfolk Southern, disclosed in mid-November, has been spurned multiple times, setting the stage for a proxy battle. Executives from U.S. railroads including Union Pacific Corp , CSX Corp and BNSF, owned by Warren Buffett's Berkshire Hathaway Inc, told Reuters last week that Class I railroads had held limited discussions concerning the impact of a merger on the industry.
CSX: US Railroads Face 'Recession' as Commodity Prices Plunge
2016-01-15 15:58:30| Railroads - Topix.net
The U.S. freight rail system is suffering from its own industry "recession" as rail cargo volumes tumble amid plunging commodity prices, CSX Corp. Chief Executive Michael Ward warned. CSX recently said it expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports.
Tags: prices
face
commodity
railroads
Railroads Face Rough Ride This Year
2016-01-11 01:26:32| Railroads - Topix.net
Railroads face another rough ride this year, as global uncertainty, sliding oil and commodity markets and weakening manufacturing rattle their biggest shippers.
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