Pipelines in North America spilled three times as much crude oil as trains for comparative distances over an eight-year period, the International Energy Agency said today in a study it based on U.S. Department of Transportation data.
Railroads in the U.S. such as Union Pacific Corp. and Burlington Northern Santa Fe may be rolling past the record slump in coal volume as costlier natural gas and summer weather rekindle demand from the nation’s power plants.
General Electric Co. and Caterpillar Inc., the world’s largest locomotive makers, are rushing to develop natural gas-powered models in a potential shift from diesel’s six decades as the fuel of choice for railroads.
CSX Corp. and Norfolk Southern Corp., the two largest U.S. eastern railroads, placed among the 20 top gainers on the Standard & Poor’s 500 Index today after their fourth-quarter profits beat estimates.
The following table details the number of freight carloads on major North American railroads for the week ended March 24 compared with the same week a year ago, according to the Association of American Railroads.