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BNSF’s Fox plans retirement; Freeman named successor
Greg Fox, who has served as Executive Vice President, Operations at BNSF since November 2010, plans to retire. Dave Freeman will step into the position on June 1, 2016.
$36 million for 31 rail projects across 34 counties in Pennsylvania
The Pennsylvania State Transportation Commission on May 13, 2016 approved $36 million for 31 rail projects across 34 counties.
Jason Seidl: Expect a pronounced level of caution
Near-term outlooks from Class I railroads at upcoming conferences “will contain a somewhat more pronounced level of caution given further softening in volumes since first-quarter 2016 earnings,” according to Cowen…
UP targets $76.8 million in Nebraska investments
Union Pacific will spend $78.6 million improving its infrastructure in Nebraska this year. The planned spend is on top of the $200 million the railroad invested in its infrastructure in…
Ottensmeyer succeeds Starling as KCS CEO
Patrick J. Ottensmeyer will succeed David L. Starling as Kansas City Southern CEO, effective July 1, 2016. Ottensmeyer will retain the title of President, a position he assumed on March…
Total U.S. weekly rail traffic down 10.6%
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 7, 2016: Total U.S. weekly rail traffic was 492,923 carloads and intermodal units, down 10.6%…
Hunter Harrison: Disrupting the status quo
National Transportation Policy mandates that railroads be managed efficiently. While railroad performance is reflective of improvement, some railroads excel, with the reasons increasingly under digital scrutiny by activist money managers…
RBN Energy on CBR: “All is not gloom and doom”
A few years back, crude-by-rail (CBR) “emerged as the go-to fix that enabled pipeline-constrained shale regions to move fast-increasing volumes of oil to market,” writes RBN Energy LLC analyst Housley…
Jason Seidl: NS valuation “remains too cheap”
“We would still be buyers of Norfolk Southern stock,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl wrote in Reiterate Outperform—Just the Tip of…
UP slates $121.6 million for California capex
Union Pacific announced a plan on May 4, 2016 to invest $121.6 million in 2016 to improve its infrastructure in California.
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