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Box traffic gains at Port of Long Beach
The Port of Long Beach saw containerized cargo increase 8.7% in January from a year ago on increased activity at its largest terminal and extra ships calling ahead of the…
BNSF sees $3.5B in economic development
Development along BNSF Railway's network totaled nearly $3.5 billion in 2016, including completion of a $1.3-billion steel mill in Arkansas and a sugar facility in Illinois.
CSX extends deadline for board nominations again
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
Weekly gain for U.S. rail freight volumes
Rail traffic in the United States for the week ending Feb. 18 totaled 531,123 carloads and intermodal units, up 6.8% from the same week in 2016.
CP’s beaver makes a comeback
Canadian Pacific on Feb. 21 announced it is bringing back its iconic beaver logo, the first version of which appeared in 1886, “as it looks to the future, while re-connecting…
UTLX, RailcarRx launch car repair portal
North American tank car manufacturer and lessor Union Tank Car Company (UTLX) has launched UTLX Repair Link, a BRC and railcar management portal, to streamline transactions with contract shops during…
CSX CEO Ward retiring, 1,000 jobs to be eliminated
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire, effective May 31.
Trackmobile recognizes best-performing distributors
Trackmobile announced its top four performing Distributors with Awards of Excellence for 2016.
For Wabtec, a challenging 2016
Wabtec Corp. on Feb. 21 reported results for 2016’s fourth quarter and full year, and issued financial guidance for 2017, that reflects “significant headwinds” in the freight and industrial markets,…
It’s getting a bit windy around Jacksonville
Press releases disguised as letters? Or letters disguised as press releases? In a corporate power struggle, either method can be deployed with the intent of influencing shareholders. Both sides in…
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