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STB sets 2014 rail cost of capital at 10.65%
The Surface Transportation Board has set the rail industry’s 2014 after-tax cost of capital at 10.65%, some 6% lower than the 2013 figure of 11.32%.
CP set for superior grain service
Canadian Pacific says it “is well positioned to provide best-in-class service to western Canadian grain shippers during the 2015-2016 crop-year.”
FRA to Congress: Most railroads will miss PTC deadline
The Federal Railroad Administration sent its Status of Positive Train Control Implementation report to Congress showing that after seven years and significant assistance from FRA, most railroads will miss the…
First U.S.-Mexico rail bridge in more than a century is now operational
The West Rail Bridge, the first rail bridge connecting U.S. and Mexico in more than 100 years, became operational August 7.
Senate confirms Dominguez’s role as PHMSA Administrator
The U.S. Senate on August 5, 2015 officially confirmed the appointment of Marie Therese Dominguez as Administrator of the Pipeline and Hazardous Materials Safety Administration (PHMSA). Dominguez, who began serving…
UP named among 2015’s Best Employers for Healthy Lifestyles
The National Business Group on Health (NBGH) has named Union Pacific (UP) among the Best Employers for Healthy Lifestyles for 2015, marking the 11th year UP has received the award,…
BNSF recognizes Pasco, Wash. with first Heritage Community Award
BNSF Railway has honored Pasco, Wash. with the inaugural BNSF Railway Heritage Award, which recognizes towns that embrace their past, present and future ties to freight rail.
STB extends deadline on Tongue River Railroad Draft EIS
The Surface Transportation Board’s (STB) Office of Environmental Analysis (OEA) has issued a notice extending the deadline—for a second time—for filing comments on the Draft Environmental Impact Statement (EIS) for…
AAR: Carload traffic drops 6.5% in July
In reporting weekly U.S. rail traffic, as well as volumes for July 2015 and the first seven months of 2015, the Association of American Railroads (AAR) revealed on August 5,…
NS’ Butler set to retire
Deborah H. Butler, Executive Vice President Planning and Chief Information Officer of Norfolk Southern (NS) will be retiring, effective Oct. 1, 2015, NS President and CEO Jim Squires announced August…
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