Latest News Continued
Nothing is simple on Capitol Hill, not even compromise, which is how the vast majority of legislation that makes its way to the President’s desk for signing is arrived at. For the past few weeks, the railroads and shippers have been working closely with the staffs of the House Tra ...
A program called E-Railsafe, described as “a brainchild of Union Pacific,” is working on railroads throughout the U.S. and Canada to help ensure that third-party contractors implement recommended safety and security procedures. As described by Union Pacific in an announcemen ...
The U.S short line tax credit is designed to help keep small railroads strong, and how it is doing this is illustrated in an earnings report released Wednesday by the Genesee & Wyoming (GWI), the nation's second largest operator of short line and regional railroads. ...
CN President and CEO E. Hunter Harrison announced Wednesday that Luc Jobin will become executive vice president and chief financial officer of the company on June 1 . Jobin, who has recently served as executive vice president of Power Corporation of Canada, will succeed Claude Mongeau, ...
Kansas City Southern is adding intermodal rail service to Puerta México, a new multi-modal facility in Toluca, México. ...
The retail giant Walmart has selectded BNSF Logistics as the winner of its “2008 Fixture/Construction Carrier of the Year” award. Kelly Abney, vice president of transportation for Walmart, said BNSF Logistics’ “overal ...
The New York Metropolitan Transportation Authority says its estimated deficit for the current year has increased by $621 million since the MTA board approved a budget in December that was designed to close a deficit then projected to be $1.2 billion. ...
The Belmont Park racing season begins Wednesday April 29, but the special trains that used to deliver enthusiasts to the track will be missing. The Long Island Rail Road is said to be canceling the trains as part of a “doomsday” scenario of service cuts and fare hikes to help LIRR parent ...
BNSF Railway has been one of the best-performing railroads on Wall Street since the market bottomed in March, with its shares up around one-third in price by last week. Nonetheless, Citi Investment analyst Mathew Troy issued a sell rating on BNSF on Monday, as well as on CP Rail. Troy ...
The Children’s Investment Fund (TCI), a self-appointed advisor to companies that it perceives to be troubled, is having troubles of its own. In a worsening global economy, TCI has lost around 40% of its value and some of its top managers. Now it has been disclosed that TCI has sol ...
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