Latest News Continued

On October 12, 2016, U.S. Congressman Louie Gohmert (R-TX-1) joined representatives from American TieTek LLC, LT Resources, Inc., and other rail stakeholders to tour American TieTek’s manufacturing facility.

Canadian Pacific CEO Hunter Harrison says his railroad is ready to move Western Canada’s delayed grain crop to market, provided there is “supply chain accountability,” which will be measured in a new supply chain scorecard CP has developed.

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.

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