Class I

The Surface Transportation Board (STB) on Sept. 8, 2016 announced its annual determination of revenue adequacy for U.S. Class I freight railroads for 2015. Of the "Big Seven" (five U.S.…
Canadian Pacific announced Sept 8, 2016 that Executive Vice President and Chief Financial Officer Mark Erceg has resigned, effective immediately, to join a U.S. company. Nadeem Velani has been appointed…
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway…
CSX Corporation Executive Vice President and Chief Financial Officer Frank Lonegro updated investors and analysts on Sept. 7, 2016 at the Cowen and Company 9th Annual Global Transportation Conference in…
The Association of American Railroads (AAR) released August monthly figures with this nugget: Exclude coal, and the industry's carloads were down only 1% in August 2016 from August 2015, or…
In a Sept. 1, 2016 monthly progress report letter to the Senate Commerce Committee, House Transportation & Infrastructure Committee, Senate and House transportation appropriations committees and all relevant subcommittees, Surface…
Approximately one month after billionaire hedge fund manager Bill Ackman dumped all his shares in Canadian Pacific Railway Ltd. and walked away with an estimated $1.5 billion to pursue other…
Hey, Mr. Trump! Yeah you! The guy with the odd orange hairdo. You interested in supporting an American industry that invests billions of private capital, building worthwhile things, instead of…
Responding to the Washington Council of Fire Fighters and other first responders, Washington State adopted a new rule, Chapter 173-185 WAC, Oil Movement by Rail and Pipeline Notification, “to enhance…
The Surface Transportation Board released August 31 an Advance Notice of Proposed Rulemaking (ANPR), which considers a new, streamlined procedure to resolve small rate disputes between shippers of all commodities…
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