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Midyear Report: Why investors turn to rail
Union Pacific’s record $3.7 billion in capital expenditures in 2012 returned quick dividends, and resulted in the 151-year-old railroad’s best year for its investors.
CSX embarks on a July 4 track blitz
CSX m/w employees on July 1 kicked off an eight-day maintenance “jamboree” or “blitz” designed to complete work that would normally take 18 weeks under traffic. The accelerated timeline is…
U.S. intermodal up, carloads even, in latest week
U.S. freight carload traffic during the week ending June 22, 2013 held its ground, "essentially flat" when measured against the comparable week in 2012, the Asssociation of American Railroads reported…
AAR to Congress: Freight rail strong and flexible—and the backbone of passenger rail
In two days of testimony before two separate U.S. House of Representatives transportation panels, Association of American Railroads President and CEO Edward R. Hamberger emphasized that “billions in annual privately…
Foxx confirmed as new DOT Secretary
The Senate unanimously confirmed former Charlotte, N.C. Mayor Anthony Foxx as the new Secretary of Transportation Thursday, June 27, 2013, succeeding Ray LaHood.
NS opens Columbia, S.C. transfer terminal
Norfolk Southern said Wednesday, June 26 it has opened a new Thoroughbred Bulk Transfer terminal in Columbia, S.C.
CP to donate to Alberta flood relief effort
Canadian Pacific will donate $200,000 to the Canadian Red Cross to help victims of the devastating floods this month in southern Alberta, the railroad said Wednesday, June 25.
For CP, a rapid recovery from Alberta floods
Canadian Pacific said Monday, June 24 that its main line west of Calgary through the Banff-Canmore region of Alberta is now open after operations crews successfully restored segments impacted by…
May employment up over year, previous month
Figures released Monday, June 24, 2013, by the Surface Transportation Board show Class I railroads employed 164,249 people in mid-May, up 1.05% from May 2012, and up 474 people, or…
BNSF’s Johnson succeeds CP’s McFarlane in U.S.
Robert Johnson, who has spent 32 years with BNSF Railway and its predecessors, most recently as General Manager-Northwest Division, has been appointed Canadian Pacific Railway’s Vice President U.S. Operations. He…
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