Latest News Continued

Harsco Corp. on Oct. 19 appointed Jeswant Gill as President of Harsco Rail, effective Nov. 1, 2016. He will be based at Harsco Rail headquarters in Columbia, S.C.

The Association of American Railroads (AAR) reported on Oct. 19 that for the week ending October 15, 2016, total U.S. weekly rail traffic was 531,936 carloads and intermodal units, down 4.2% compared with the same week last year.

19 October 2016

Velani named CP CFO

Canadian Pacific on Oct. 19 named Nadeem Velani Vice President and Chief Financial Officer. He had been serving in an interim capacity since Sept. 9, 2016.

An operating ratio of 57.7%, the lowest-ever when compared to adjusted operating ratios in previous quarters, and increases in diluted earnings per share (both adjusted and non-adjusted) marked Canadian Pacific’s third-quarter 2016 financials. ...
“Real jerk moves” have nothing to do with excessive slack action on Caltrain push-pull commuter trains. Rather, in the words of one customer, they have to do with certain passengers, well, acting like jerks—namely, putting personal bags on an empty seat, a not-so-subtle way of saying, “I ...

Kansas City Southern (KCS) reported third-quarter 2016 revenues of $605 million, a decrease of 4% from third-quarter 2015, in what management is describing as a very challenging period.

The first two CRRC diesel locomotives for Argentina’s meter-gauge Belgrano Cargas network were loaded onto a ship at Lujong port in Shanghai on Oct. 15 in readiness for the start of their sea voyage to Buenos Aires.

Mark J. Rittenbaum, Executive Vice President, Commercial & Leasing at The Greenbrier Companies, Inc. is transitioning to President of Greenbrier Leasing Corp. (GLC), in anticipation of James T. Sharp’s retirement Dec. 31, 2016.

Kansas City Southern announced October 17 that train speed on 2.5 miles of track between Martin Luther King Street and Highway 90 in Gulfport, Miss. will increase from 10 to 20 miles per hour.

Long-time railway supply executive Alan C. Lullman has joined Strato, Inc. as Vice President of Sales. He brings a broad range of experience including executive sales and business development for the manufacture and distribution of rail ...
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