With Railway Age since 1992, Bill Vantuono has broadened and deepened the magazine's coverage of the technological revolution that is so swiftly changing the industry. He has also strengthened Railway Age's leadership position in industry affairs with the conferences he conducts on operating passenger trains on freight railroads and communications-based train control.
Union Pacific’s board of directors elected President and Chief Operating Officer Lance Fritz Chairman, President and Chief Executive Officer, effective Oct. 1, 2015. He succeeds John Koraleski as Chairman. Koraleski plans to retire Sept. 30 after a 43-year career at UP.
Demand for freight cars remains at a healthy level “in spite of a sluggish economy and extremely soft financial performances by the railroads,” Economic Planning Associates (EPA) said in its most recent quarterly railcar forecast, issued July 31, 2015.
The North Central Mississippi Regional Railroad Authority (NCMRRA) on July 30, 2015 completed its acquisition of Grenada Railway, LLC and signed a 15-year lease agreement with a subsidiary of Iowa Pacific Holdings to operate and develop new business on the line.
Norfolk Southern operated its Whistle-Stop Safety Train in North Carolina and South Carolina the week of July 27, 2015 “to remind motorists and pedestrians to be safe and alert when around railroad tracks and trains.”
Midwest Terminals, a full-service cargo, bulk, ballast and transloading operator with facilities in Toledo and Cadiz, Ohio, has opened MWT Railcar Repair Shop, a new freight car repair facility.
MWT Railcar Repair Shop is located on 175 acres in Ironville, Ohio, near the Port of Toledo and is serviced by Norfolk Southern. Services include railcar inspection and assessment, slack adjusters (MA156), unit train inspections and repairs, railcar general repair “in less than 85 hours,” in-house yard switching with two GP9 and locomotives and a Plymouth yard engine, off-lease inspection, overcoating and stenciling, and on-site car scrapping.
The facility is equipped with 20,000 feet of track, 18,000 square feet car shop with 40 feet of clear height, a 25-ton overhead crane, and a delivery line with two NS switches per week
that interchanges with CSX, CN, BNSF and Wheeling & Lake Erie. The shop features AWS D15.1-certified welders, in-house certified welding inspectors and NDT (non-destructive testing) Level II technicians, electronic estimate submittals, AAR electronic billing, and air brake testing. The shop’s Maintenance ID is MWTT; the Company ID is C701.
Bakken crude oil hauled in unit trains may disappear by 2017, according to an analysis conducted by RBN Energy LLC.
Munich, Germany-based Siemens and Montreal, Canada-based Bombardier are engaging in preliminary talks to merge their rail businesses, according to a report in the July 29, 2015 edition of The Wall Street Journal.
Florida East Coast Industries subsidiary Flagler Global Logistics on July 27, 2015 broke ground on the new Titusville Logistics Center, Port Canaveral, Fla.’s first multimodal inland port facility. When complete, the center will accommodate up to 2.9 million square feet of industrial development, “offering flexible warehouse and distribution options with multi-modal transportation connections.”
Florida’s Tri-Rail regional/commuter rail system on July 24, 2015 placed its first bicycle car, a specially equipped Bombardier bilevel trailer coach, in service.
“Short-term pressure,” in the words of President and CEO Jim Squires, contributed to Norfolk Southern on July 27, 2015 posting second-quarter 2015 financials with significant declines in net income, operating revenues and earnings per share, and an operating ratio that rose 350 basis points.