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AAR: Freight traffic slump continues For April 2016, combined U.S. carload and intermodal originations were 1,972,829, down 11.8% or 264,327 carloads and intermodal units from April 2015, reported the Association of American Railroads on May 4, 2016. Carload traffic in April totaled 944,339 carloads, down 16.1% or 180,598 from April 2015. U.S. railroads also originated 1,028,460 containers and trailers in April 2016, down 7.5% or 83,729 units from the same month last year.
SEPTA tour caps Railway Age/RT&S Light Rail conference Following the Railway Age/Railway Track & Structures Light Rail Conference held April 27-28 in Philadelphia, about 30 delegates toured portions of the SEPTA streetcar and light rail networks.
"Not all misses are created equal" “All four publicly traded railcar builders reported top-to-bottom first quarter misses, with our Outperform-rated Trinity (TRN) and Greenbrier (GBX) enjoying positive post-earnings stock reactions, while not-rated American Railcar Industries (ARII) and FreightCar America (RAIL) saw their shares decline and seem to now be contributing to pressure on TRN and GBX,” said Cowen and Company analyst Matt Ellcott on May 4, 2016.
Transport Canada’s “classified” Lac-Mégantic payment In a curious role reversal, Canada’s former Minister of Transport, now opposition politician Lisa Raitt, has revealed that the Canadian government quietly paid C$75 million toward compensation for victims of the 2013 oil trains disaster that killed 47 in the Quebec resort town of Lac-Mégantic.
The Thoroughbred that got away Cover story from the May 2016 issue of Railway Age: Norfolk Southern has been looking over its shoulder for almost a year. Now, it can focus its attention ahead.

Breaking News

jason-seidl-ns-valuation-“remains-too-cheap”
May 05, 2016
“We would still be buyers of Norfolk Southern stock,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl wrote in Reiterate Outperform—Just the Tip of the Iceberg, on May 5, 2016. “CP’s attempt at an...
faa-may-fly-onto-more-tracks
May 05, 2016
The Federal Aviation Administration opened public comments on May 3, 2016 for a proposed funding change that could benefit passenger rail development around airports. See those fees in the breakdown of your airline tickets? At more than 350 airports in the...
cn-cp-assisting-in-wildfire-relief-efforts
May 05, 2016
CN and the Canadian Pacific announced on May 5, 2016 that they are contributing a minimum of C$150,000, combined, to help people affected by the devastating wildfires that have swept through Northern Alberta, forcing emergency evacuations of some 80,000 people...
union-pacific-plans-to-invest-16-million-in-its-california-rail-infrastructure
May 05, 2016
Union Pacific announced a plan on May 4, 2016 to invest $121.6 million in 2016 to improve its infrastructure in California. UP says the planned investment covers a range of initiatives: $104 million to maintain railroad track and $17.3 million to...
holland-receives-ttx-top-honors
May 05, 2016
Holland LP has received the “TTX Excellent Supplier” designation based on its overall SECO (Supplier Evaluation Committee) evaluation for 2015. This is the company’s 20th time to be recognized, and 17th consecutive. “Holland’s commitment to customer satisfaction and product excellence placed...

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Blogs and More

we-don’t-need-more-mergers
May 05, 2016
Now that I have your attention, I’ll say it again: The last thing the North American railroad industry needs for the foreseeable future is the long-talked-about “final round of mergers,” resulting in two gargantuan transcontinental Class I carriers that will still have to deal with...
a-new-regulatory-rat-hole-worth-watching
April 22, 2016
News item: Executive Order No. 13725, issued April 15 by President Obama, and published in the April 20 Federal Register, mandates that Executive Branch federal agencies take specific actions to promote competition.
guest-blog-doomed-from-the-start
April 19, 2016
The federal-state partnership to build 130 modern bi-level passenger rail coaches for higher-speed rail (HrSR) corridors in the states of California, Illinois, Michigan and Missouri under the 2008 PRIIA legislation “was doomed from the start,” according to James E. Coston, Chairman of Corridor Capital LLC.
makeover-crucial-for-dereg-defense
April 14, 2016
For those sheltering railroads against assaults on regulatory freedoms, the 1980 Staggers Rail Act (Staggers) is considered sacrosanct.
zero-tolerance-for-cellphones
April 13, 2016
The BBC has filed the following report on the February 2016 head-on collision of two commuter trains in Bavaria, Germany: