Management

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Rail stocks slide following KCS outlook downgrade Railroad stocks slid precipitously on Monday, March 23, 2015, pulling down the broader transport sector, after Kansas City Southern, citing the negative effects of lower oil prices and continued weakness in the Mexican peso, downgraded its full-year outlook.

uncertainty-clouds-key-rail-bills-in-senate
Two bills of substantial importance to railroads—Staggers Rail Act revisions as part of reauthorization of the Surface Transportation Board (STB), and extension of the deadline to implement Positive Train Control (PTC)—took meaningful steps forward March 25, gaining the imprimatur of...
ns-annual-report-reflects-“outstanding-year”
Norfolk Southern’s 2014 Annual Report, titled “Behind Every Train,” highlights “record-setting net income, revenues, operating income, earnings per share, and operating ratio.” “2014 was an outstanding year,” said CEO Wick Moorman. “Our performance during the year demonstrated the increasing demand...
lowenthal-proposes-infrastructure-trust-fund
Rep. Alan Lowenthal (D-Calif.) has introduced legislation he says “will provide a dedicated revenue source to invest in rebuilding crumbling freight infrastructure.” The bill, H.R.1308, Economy in Motion: The National Multimodal and Sustainable Freight Infrastructure Act, aims to raise roughly $8...
As all good Texas stories require, this one includes beer. While there is no pickup truck or trailer park involved, a railroad and organized labor are prominent. As often is the case, the railroad appears to wear the black hat;...
smart-will-have-new-president-may-1
One of the largest rail labor unions—the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART)—will have a new president May 1 upon the unexpected retirement April 30 of SMART General President Joseph J. Nigro. Joseph Sellers Jr. has...

As all good Texas stories require, this one includes beer. While there is no pickup truck or trailer park involved, a railroad and organized labor are prominent. As often is the case, the railroad appears to wear the black hat;...
senate-bill-would-mandate-stb-reforms
It is shipper-friendly legislation with which freight railroads probably can live. And while it’s not all the stuff so-called captive shippers would prefer—such as mandatory caps on rail rates and a study into the benefits of mandatory reciprocal switching—it stands...
bnsf-drones-will-patrol-the-track
One need not look to the wild blue yonder to find the BNSF air force. Soon, it will be patrolling BNSF tracks from altitudes no higher than 500 feet, but not within three miles of any airport and always during...
smart-will-have-new-president-may-1
One of the largest rail labor unions—the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART)—will have a new president May 1 upon the unexpected retirement April 30 of SMART General President Joseph J. Nigro. Joseph Sellers Jr. has...
emd-partners-with-uptake-on-locomotive-analytics
Electro-Motive Diesel, Inc. (EMD), a subsidiary of Progress Rail Services Corp. (a Caterpillar company), and Uptake, described as “a provider of a dynamic analytics and insight platform for a wide array of industries,” have been working together since 2014 to...