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CP names new Executive VP and CFO
Canadian Pacific has appointed Mark Erceg as Executive Vice President and Chief Financial Officer, effective May 18, 2015. He will replace outgoing CFO Bart Demosky, who will be departing from…
Siskiyou rail line set to reopen
Construction is under way on the first of three phases to upgrade the CORP (Central Oregon & Pacific) Siskiyou rail line; work will begin this spring and summer to reopen…
Intermodal gain offsets carload drop
Compared to the prior-year week, carloads for the week ending April 25, 2015 on U.S. Class I railroads dropped 7.9%, but intermodal saw yet another gain, rising 5.6%, netting a…
Carolina Worrell joins Railway Age as Managing Editor
Carolina Worrell has joined Railway Age as Managing Editor, based at Simmons-Boardman Publishing Corp.’s headquarters in New York City.
J. Reilly McCarren, 1956-2015
J. Reilly McCarren, one of the most accomplished and respected railroaders of the past 35 years, died April 26, 2015 at his Kenilworth, Ill., home after a long battle with…
Weak coal market impacts NS first-quarter financials
A 16% dip in coal revenue was the main factor contributing to a 16% drop in net income and a 17% drop in diluted earnings per share for Norfolk Southern Corp.in first-quarter…
UP grade crossing safety rate improves 27%
Union Pacific’s grade crossing safety rate, which measures the total number of Federal Railroad Administration-reportable grade crossing accidents per million train-miles, improved to 1.88 in 2015’s first quarter, compared to…
UP achieves record first-quarter employee safety rate
With a reportable injury rate of 0.85, Union Pacific employees achieved record first-quarter safety performance, demonstrating ongoing progress toward the company’s ultimate goal of zero incidents.
Shippers sound off at NEARS meeting
Shippers are upbeat on the economy, feel rail pricing is definitely going higher, and vehemently oppose any Class I consolidation, according to responses to questions posed by Cowen and Company…
Intermodal traffic at record high
According to figures reported by the Association of American Railroads (AAR) for the week ending April 18, 2015, this is the second highest week on record for intermodal volume, up…
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