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UP trims capital spending, launches grade crossing evaluation program
Union Pacific on Feb. 5, 2016 announced a 2016 capital plan of approximately $3.75 billion, about $550 million lower than 2015. The plan includes $375 million for Positive Train Control.…
NS: $4.2 billion invested along rail lines in 2015
Norfolk Southern assisted 93 industries in locating or expanding their businesses along its rail lines in 2015, the railroad reported on Feb. 4, 2016.
RBN Energy: CBR economics aren’t what they used to be
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a…
Tradepoint Atlantic Railroad names new Terminal Manager
Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore, Md., that features a unique combination of access to deepwater berths, railroads and highways, announced on Feb. 4, 2016 that Paul…
AAR: Rail service is excellent but volume just isn’t there
In reporting rail traffic for January 2016, Association of American Railroads (AAR) Senior Vice President John T. Gray said, “"Intermodal was solid in January, but carload volumes weren't what railroads…
Another white paper from Canadian Pacific
Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper,…
STB to post monthly status reports on S.808 implementation
Chairman Daniel R. Elliott on Feb. 2, 2016 announced that the Surface Transportation Board (STB) will be posting monthly status reports of its implementation of S.808, the STB Reauthorization Act…
Jason Seidl: NS, and the race to maximize shareholder value
Norfolk Southern shareholders “continue to find themselves in the enviable position of having two Class I management teams competing to maximize shareholder value,” says Cowen and Company Managing Director and…
NS: New strategic plan follows a challenging year
Though Norfolk Southern’s fourth-quarter and 2015 financial results aren’t all that different from those of most other Class I railroads, NS has been particularly compelled to develop an aggressive strategic…
Weekly carload traffic down nearly 20%
For the week ending Jan. 23, 2016, total U.S. rail traffic was 490,324 carloads and intermodal units, down 10.5% compared with the same week in 2015, the Association of American…
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