Latest News Continued

CSX updated its restoration efforts post-Hurricance Matthew. Normal train operations have resumed to Savannah, Ga., Charleston, S.C. and Portsmouth, Va. The main line from Hamlet, N.C. to Charleston was next to resume.

The percentage of shippers planning to order railcars ticked down for the second consecutive quarter, but on a same-shipper basis, the percentage increased modestly, and the conviction level about ordering strengthened, according to Cowen and Company’s Third-Quarter 2016 Rail Equipment Survey. ...
According to Cowen and Company’s Third-Quarter 2016 Rail Shipper Survey, shippers “are anticipating the lowest rate of price increases over the next 6-12 months that we’ve seen in our survey in nearly eight years,” says Managing Director and Railway Age Wall Street Contributing Edi ...
Citing “macroeconomic and energy headwinds impacting most markets,” CSX posted third-quarter 2016 net earnings of $455 million, or $0.48 per share, down from $507 million, or $0.52 per share, in the same period last year, and a 69.0% operating ratio, year-over-year 70 basis points increase. ...
OmniTRAX Sand Holdings LLC, an affiliate of OmniTRAX, Inc., is entering into a joint venture with Elk Grove Village, Ill.-based Arrows Up LLC, a provider of bulk storage and transportation ...

The Association of American Railroads says the Department of Transportation should withdraw its rule on electronically controlled pneumatic (ECP) brakes for crude oil trains after a review released Oct. 12 by the United States Government Accountability Office.

The Greenbrier Companies, Inc. and Astra Rail Management GmbH on Oct. 13 announced formation of Greenbrier-Astra Rail, a new company “that will create an end-to-end, Europe ...

Surface Transportation Board Chairman Daniel R. Elliott announced October 12  that the Board will host an economic roundtable, at 10:00 am on October 25, 2016.

The Association of American Railroads (AAR) on Oct. 12 reported for the week ending Oct. 8, 2016, total U.S. weekly rail traffic was 521,789 carloads and intermodal units, down 6.1% compared with the same week last year.

The basic design work for Hamilton, Ontario’s LRT system has been finalized, including the selection of a site for the Maintenance and Storage Facility (MSF). The eight-mile (13–km) line is being financed at an estimate C$1 billion cost by Metrolinx, the provincial agency that oversees Ontari ...
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