Railway Age News

Railway Age News

CSX on May 4, 2015 announced the winners of its 21st annual Chemical Safety Excellence Award, recognizing 70 customers for their commitment to the safe transportation of hazardous materials by rail in 2014 

Industry-Railway Suppliers, Inc. (IRS) has promoted Vice President Scott Commo to President, succeeding Ron Hobbs, who has retired. The changes were effective May 1, 2015.

Canadian National Railway plans to invest C$2.7 billion in 2015 for rail infrastructure maintenance improvements, as well as in new capacity, equipment and technology to raise network safety and efficiency, improve service and support future growth, the company announced on May 5, 2015.

Union Pacific Railroad plans to invest $4.2 billion capital dollars in its network this year, following investments totaling more than $31 billion from 2005-2014. These investments contributed to a 38% decrease in derailments over the last year, the railroad said.

Canadian Pacific has appointed Mark Erceg as Executive Vice President and Chief Financial Officer, effective May 18, 2015. He will replace outgoing CFO Bart Demosky, who will be departing from the company on May 31.

More than 170 delegates gathered on April 28-29, 2015 to listen to regulators, operators and business leaders discuss ways to collectively enhance safety within the industrial rail community.

The final spec for the now-official DOT-117 (TC-117 in Canada) non-pressurized tank car adopts the most demanding of the technical requirements first offered for comment in the notice of rulemaking: jacketed and thermally insulated shells of 9/16-inch steel, full-height half-inch-thick head shields, sturdier, re-closeable pressure relief valves and rollover protection for top fittings.

Construction is under way on the first of three phases to upgrade the CORP (Central Oregon & Pacific) Siskiyou rail line; work will begin this spring and summer to reopen the 95-mile line between Ashland, Ore. and Weed, Calif. The 389-mile CORP is a Genesee & Wyoming subsidiary.

Toronto-based Element Financial Corp. has appointed railroad equipment finance veteran Harry Zander as Senior Vice President Sales in Element’s Rail Finance division. He reports to President, Element Rail & Aviation David McKerroll.

Compared to the prior-year week, carloads for the week ending April 25, 2015 on U.S. Class I railroads dropped 7.9%, but intermodal saw yet another gain, rising 5.6%, netting a slight dip of 1.6% in overall rail traffic, the Association of American Railroads reported.

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