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2014 TRAFFIC AND SPENDING OUTLOOK: A capital year for suppliers
2013 has been a record year for the railroads, “a very robust and challenging year for growth and re-investment,” in the words of BNSF chief executive Matt Rose. The indications…
CN boosts rail, wheel flaw detection efforts
CN has announced a program to acquire additional monitoring equipment to enhance its strong technological base for early detection of defects.
CP appoints Demosky as Exec VP, CFO
Canadian Pacific has announced that Bart Demosky has been appointed Executive Vice-President and Chief Financial Officer, effective Dec. 28, 2013.
Rally continues for U.S. freight traffic
U.S. rail traffic maintained its upward momentum during the week ending Nov. 23, 2013, the Association of American Railroads reported Wednesday, Nov. 27, though the 2012 Thanksgiving Day holiday played…
NJ House rep seeks more rail oversight
Rep. Robert E. Andrews (D-N.J.) has introduced a bill calling for independent oversight of railroads and particularly railroad infrastructure, arguing that U.S. freight railroads aren't pursuing adequate safety measures.
UP renews share repurchase program ahead of schedule
Union Pacific’s Board of Directors on Thursday, Nov. 21, 2013, approved the early renewal of its share repurchase program, authorizing repurchase of up to 60 million common shares by Dec.…
Gains again for U.S. freight rail traffic
Continuing its fourth-quarter rally, U.S. freight rail traffic rose during the week ending Nov. 16, 2013, measured against the comparable week in 2012, the Association of American Railroads reported Thursday,…
NS achieves best-ever CDP score
Norfolk Southern said Wednesday, Nov. 20, 2013, it has achieved its best-ever score in CDP (Carbon Disclosure Project) reports that grade large U.S. and global companies on how well they…
New Missouri bridge to relieve rail bottleneck
A ceremony is set for Monday, Nov. 25, 2013 to officially open a new rail bridge spanning the Osage River in Missouri, which officials say "eliminates the last major bottleneck…
UP to grain customers: We can handle it
Union Pacific shipped an all-time-high number of grain trains to the Pacific Northwest in October 2013, and says it is poised to help its customers take advantage of a record…
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