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Cowen railcar survey “largely neutral” The results of Cowen and Company’s Third-Quarter 2017 Railcar Survey are a “net neutral,” based on several factors, according to Vice President Matt Elkott. The percentage of shippers responding to the survey planning to order railcars in the next 12 months declined slightly, but increased on a same-shipper basis, “which is a more relevant metric for measuring quarter-over-quarter changes in demand outlook.” As well, the level of certainty about ordering declined.
CSX profit up 1% in 3Q CSX Corp. today reported third quarter net earnings of $459 million, or 51 cents per share, up from $455 million, or 48 cents per share, in the same period last year. Excluding a $1 million restructuring charge, adjusted earnings per share remain at 51 cents.
Savannah moves 1M TEUs in 1Q, plots rail growth The Port of Savannah moved more than one million twenty-foot equivalent container units (TEUs) at Garden City Terminal in the first quarter of fiscal 2018, as traffic increased by 5.8% or 55,629 TEUs over the same period in FY17.
Santana to lead GE Transportation General Electric announced that Rafael Santana, president and Chief Executive of GE Latin America, has been named president and CEO of GE Transportation, effective November 1.
Caltrans releases draft state rail plan Caltrans released the public draft of the California State Rail Plan, which outlines a new framework for California’s rail network, for new and better rail transportation, and multimodal and community connections in the state for the next 20 years and beyond.

Breaking News

The results of Cowen and Company’s Third-Quarter 2017 Railcar Survey are a “net neutral,” based on several factors, according to Vice President Matt Elkott. The percentage of shippers responding to…
Railroad shippers are anticipating price increases averaging 3.2% over the next 6-12 months, according to Cowen and Company’s Third-Quarter 2017 Rail Shipper Survey. This is a 20 basis point sequential…
Kansas City Southern has formed a new Health, Safety and Environmental group within the Operations department “to consolidate occupational health, workplace and public safety, and environmental functions under a single…
L&W Industries, based in Springfield, Mo., has developed a patent-pending Heavy Duty Conversion Bracket that improves safety and reduces the maintenance costs of railway crossings.
October 17, 2017

CSX profit up 1% in 3Q

CSX Corp. today reported third quarter net earnings of $459 million, or 51 cents per share, up from $455 million, or 48 cents per share, in the same period last…

Blogs and More

redux-for-nmb-fee-argy-bargy?
October 10, 2017
RAILWAY AGE, WATCHING WASHINGTON, OCTOBER 2017: As the three-member National Mediation Board (NMB) shifts to Republican control for the first time since 2009, a knotty issue lying dormant since 2006 may emerge: Who pays for binding arbitration to resolve grievances over interpretation of collectively bargained...
can-labor-deal-survive-a-social-media-attack?
October 06, 2017
A tentative national agreement on wages, benefits and work rules has been reached between major railroads and seven of their 13 labor unions. Almost two-dozen unionized regionals and short lines also are participating in the talks.
i-have-this-recurring-nightmare
September 27, 2017
The Federal Railroad Administration’s new Hours of Service (HOS) app is now available via the iPhone App Store:
dan-elliott-departing-stb
September 25, 2017
Former Surface Transportation Board (STB) chairman and now STB member Dan Elliott announced Sept. 25 he is resigning Sept. 30 to join, in early October, the Washington, D.C., office of the law firm, Connors & Winters, whose specialization is employee compensation, health and benefit plans,...
timing-is-everything
September 25, 2017
Isn’t it, though? Six weeks ago, the Federal Railroad Administration announced it is withdrawing its ANPRM (Advance Notice of Proposed Rulemaking) regarding testing and treatment of obstructive sleep apnea for safety-sensitive personnel, and then the National Transportation Safety Board opens its dockets on the two...

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