Buffett's firm to buy Burlington Northern
Nov 03, 2009
Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion. Berkshire (BRKA, Fortune 500), which already has major stake in the company, said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share. Read more...
UP announces joint chemical service with CSX, NS
Oct 28, 2009
A day after Union Pacific Railroad announced it launched an expedited chemical service with Norfolk Southern Railway, the Class I said it formed a new expedited chemical service with CSX Transportation, Progressive Railroading reported. The joint UP-NS "RailChem Connect" service will target chemicals moving between Texas' Gulf Coast region and the Southeast, such as through Houston, southern Texas and Louisiana. Read more...
Announcing Services Listings
Oct 24, 2009
If you are a Professional Member you now have the option to add the services you provide to your Company Profile. Not only will this be factored in to search results, but we also have a nice new Services tab up top too. Clicking on a service will bring up a list of appropriate companies.
Canadian National Orders 70 Locomotives
Oct 22, 2009
CN said it will acquire 35 ES44DC locomotives from GE starting in the fourth quarter of 2010, and 35 SD70M-2s from EMD beginning in January 2011. CN said it is looking to increase fuel efficiency, improving service reliability and reduce greenhouse-gas emissions. Read more...
Scheduled Maintenance
Oct 16, 2009
RailFood will be temporarily unavailable between 12pm and 4pm on Saturday October 17th as part of routine scheduled maintenance. We apologize for any inconvenience. Update: Our maintenance is complete. We've improved uploading of CSV files to allow more than 20,000 items per spreadsheet. Have at it! Also, feel free to follow us on twitter for future updates.
CSX Earnings Fall, Says Worst Of Recession Is Over
Oct 14, 2009
CSX Corp., the nation's third largest railroad, said Tuesday it believes the worst of the recession is over, but its third-quarter earnings fell 23 percent from a year ago because shipping demand is still weak. The stock was up 3 percent in aftermarket trading at $45.27. It closed down 63 cents to end the regular session at $44.28. CSX shares have risen over 36 percent in the last three months, peaking at $48.17 on Sept. 10. Read more...
Railroad debuts zero-emissions locomotive
Oct 05, 2009
Norfolk Southern Corp. has unveiled an electric-powered locomotive, fueled by a 1,500-horsepower system made up of 1,080 12-volt batteries. With the help of a system provided by Brookville Equipment Co., the locomotive is able to recharge its batteries while braking. Because there is no diesel engine, there are zero exhaust emissions. Read more...
State asks feds for $4.7 billion for speedy trains
Oct 02, 2009
Gov. Arnold Schwarzenegger requested $4.7 billion in federal stimulus money Friday to help build an 800-mile bullet train system from San Diego to San Francisco. 'We're traveling on our trains at the same speed as 100 years ago,' the governor said. 'That is inexcusable. America must catch up.' Planners said the train would be able to travel from Los Angeles to San Francisco in two hours and 40 minutes, traveling at speeds of more than 200 miles per hour. Read more...
