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CSX CEO Ward retiring, 1,000 jobs to be eliminated On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Michael Ward and President Clarence Gooden will retire, effective May 31.

csx-ceo-ward-retires
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Michael Ward and President Clarence Gooden will retire, effective May 31. At the same time, the railroad said it was eliminating 1,000 management jobs in the coming weeks, at...
trackmobile-recognizes-best-performing-distributors
Trackmobile announced its top four performing Distributors with Awards of Excellence for 2016. “Our Distributors are the life blood behind our operation,” said Trackmobile President Ralph Przybyszewski, in a release. “These awards honor Trackmobile distributors that have demonstrated outstanding leadership, professionalism,...
for-wabtec-a-challenging-2016
Wabtec Corp. on Feb. 21 reported results for 2016’s fourth quarter and full year, and issued financial guidance for 2017, that reflects “significant headwinds” in the freight and industrial markets, as well as ongoing effects from its acquisition of Faiveley...
it’s-getting-a-bit-windy-around-jacksonville
Press releases disguised as letters? Or letters disguised as press releases? In a corporate power struggle, either method can be deployed with the intent of influencing shareholders. Both sides in the power struggle tend to get rather long-winded, to put...
bnsf-whipsawed-by-norcal-outages-more-rain
High water blocked BNSF's Lakeside Subdivision between Spokane and Pasco, Wash., Thursday in the twisting, narrow Hatton Coulee between Hatton and Connell. Amtrak 27, the Portland section of the Empire Builder, stopped just east of the affected area at Cunningham, before...

cp-campaign-touts-preventative-use-of-in-cab-cameras-for-safety
Canadian Pacific Railway on Tuesday launched an awareness campaign highlighting the safety benefits of the prevetative use of inward-facing cameras in the cabs of locomotives. The company also called on Canada’s Minister of Transport to pass new legislation that would mandate...
stb-adjusts-rail-productivity-measure-calls-public-meeting
The Surface Transportation Board announced that it is adopting a tentative new measure of average change in railroad industry productivity for 2011-15.   The Board in a statement said it adopted 1.020 (2.0 percent per year) as the long-run measure of productivity,...
brooks-new-cmo-for-canadian-pacific
Canadian Pacific has promoted John Brooks to senior vice-president and chief marketing officer, responsible for business units and sales and marketing staff based throughout North America. He reports to Keith Creel, CP president and chief executive officer. Reporting directly to Brooks will...
mild-rail-freight-traffic-upswing-continues
The Association of American Railroads (AAR) on Feb. 15 reported that total U.S. rail traffic for the week ending Feb. 11, 2017 up 2.6% compared with the same week last year. Total U.S. traffic for the first six weeks of...
jason-seidl-csx-ehh-getting-close?
Late on Feb. 14, CSX Corp. announced it plans to hold a special shareholder meeting on Feb. 16 after discussions for E. Hunter Harrison to take over the reins as the next CEO appear to have hit an impasse. Cowen...

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