BNSF raises earnings 24% in Q2 2017

The Fort Worth Texas-based Class I railroad recorded a net income of $958 million on revenues of $5.25 billion, up 24 percent and 15 percent year-over-year, respectively, amid increased volumes and a higher average revenue per car/unit.

Bulk shipping of U.S. coal on the rise

U.S. coal shipments to East Asia and Europe are rebounding and expected to offer a much needed boost to the world’s dry bulk carriers through 2017, according to recent analysis published by the Baltic and International Maritime Council (BIMCO).