Union Pacific will spend $78.6 million improving its infrastructure in Nebraska this year. The planned spend is on top of the $200 million the railroad invested in its infrastructure in the state between 2011 and 2015.
Patrick J. Ottensmeyer will succeed David L. Starling as Kansas City Southern CEO, effective July 1, 2016. Ottensmeyer will retain the title of President, a position he assumed on March 1, 2015.
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 7, 2016: Total U.S. weekly rail traffic was 492,923 carloads and intermodal units, down 10.6% compared with the same week last year.
Parsons has appointed Harjinder S. “Harj” Dhaliwal as Senior Vice President, International Rail Transit & Systems, with responsibility for the business unit and its operations outside of the U.S. He is based in Parsons’ Abu Dhabi office.
A managed affiliate of OmniTRAX, Inc. is purchasing the Heart of Texas Railroad (HTR) from private local investors. The transaction is subject to Surface Transportation Board approval. Terms were not disclosed.
For the 20th consecutive year, TTX awarded Strato with its 2015 SECO (Supplier Evaluation Committee) Award.
Evergreen Shipping Agency (America) Corp. announced on May 10, 2016 that it has named CN as its 2015 Railroad Company of the Year in recognition of CN's "consistent high level of performance" and superior customer service. This is the second consecutive year CN has won the Evergreen award.