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UP: $3.9 billion capex, key management changes
Union Pacific has announced a capital spending plan worth $3.9 billion, and has installed Lance Fritz and Cameron Scott in new leadership positions following Jim Young’s retirement as Chairman.
The crude oil challenge
If history records 2012 as the year when modern crude by rail (CBR) came into its own, 2013 will be remembered as a time of a nearly two-fold increase in…
Freight traffic falls for week, gains in January
U.S. freight rail traffic declined during the week ending Feb. 1, 2014, but gained ground during the month of January, the Association of American Railroads reported Thursday, Feb. 6.
BNSF 2014 capex: $5 billion
BNSF Railway on Feb. 4 announced a new single-year record capital commitment plan of $5 billion for 2014, approximately a $1 billion increase over its 2013 actual capital spend of…
Conductors union spurns CN pact
Canadian National said Friday, Jan. 31, 2014 the Teamsters Canada Rail Conference-Conductors, Trainpersons and Yardpersons has advised the railroad that "the tentative labor agreements negotiated with the union in October…
NS opens transfer terminal in Chesapeake
Norfolk Southern has opened a new Thoroughbred Bulk Transfer (TBT) terminal in Chesapeake, Va., to serve shippers of dry and liquid bulk commodities.
If crude by rail, why not water?
I can’t help but watch the wildfires and water shortages taking place in California and wonder if BNSF and Union Pacific, and perhaps a few of their shippers, are able…
CN earnings rise in 4Q, slip for year
CN issued its earnings report for the fourth quarter and full-year 2013 after the closing bell on Wall Street Thursday, Jan. 30, 2014, gaining in the quarter over the comparable…
December employment rises from a year ago
Compiled figures released this week by the Surface Transportation Board show Class I railroads employed 162,810 people in mid-December, up a scant 0.10% from December 2012, but down 0.24% from…
Another good week for U.S. freight traffic
U.S. freight carload traffic and U.S. intermodal volume advanced for the second week in a row, and third week in four marking 2014's start, during the week ending Jan. 25,…
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