Industry News
NS, Soo Earned Cost of Capital in '07
September 30, 2008 | 10:55 a.m. CDT
The Surface Transportation Board has determined that the U.S. railroad industry's cost of capital for 2007 was 11.33 percent, a 1.39 percent increase from 2006. This means that only two of seven Class freight railroads had returns on investment exceeding the cost of capital last year – Soo Line (including Canadian Pacific U.S. affiliates), with a return of 15.25 percent, and Norfolk Southern, with an ROI of 13.55 percent, reports Railway Age.
The five carriers failing to earn the STB-determined cost of capital for the industry were: Grand Trunk (including Canadian National U.S. affiliates), with a return on investment of 10.11 percent; BNSF, 9.97 percent; Union Pacific, 8.90 percent; Kansas City Southern, 9.37 percent, and CSX, 7.61 percent.
Daylight Saving Time Begins Sunday
Mar. 12, 2010 | 09:41 a.m. CST
Employees prepare for Daylight Saving Time, Sunday, March 14, at 2 a.m. More...
Intermodal, Carload Freight Up from Last Year
Mar. 11, 2010 | 02:25 p.m. CST
Rail freight volume on U.S. railroads is continuing to show some signs of recovery, with both carload freight and intermodal traffic during the week ended March 6 registering gains from last year. More...
Knight Discusses UP's Franchise, Business Initiatives
Mar. 9, 2010 | 12:45 p.m. CST
Rob Knight will address the J.P. Morgan Aviation, Transportation and Defense Conference Wednesday, March 10, at 11:15 a.m. ET. More...
KCS Acquires Mexico Intermodal Facility
Mar. 9, 2010 | 12:30 p.m. CST
Kansas City Southern announced March 8 that it acquired the Puerta Mexico intermodal facility at Toluca in the State of Mexico. Later this month, Kansas City Southern de Mexico, S.A. de C.V. (KCSM) will add direct train service from Lazaro Cardenas to Puerta Mexico, providing Mexico City import and export shippers with a service alternative. More...
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