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UP’s Fritz ascends to Chairman and CEO
Union Pacific’s board of directors elected President and Chief Operating Officer Lance Fritz Chairman, President and Chief Executive Officer, effective Oct. 1, 2015. He succeeds John Koraleski as Chairman. Koraleski…
FRA issues rule preventing unattended trains carrying flammables from rolling away
The Federal Railroad Administration (FRA) issued on July 30, 2015 a final rule to prevent unattended trains that carry crude oil, ethanol, poisonous by inhalation (PIH), toxic by inhalation (TIH),…
KCS opens new Texas intermodal terminal
Kansas City Southern (KCS) on July 30, 2015, celebrated the dedication of its new, state-of-the-art intermodal terminal in Wylie, Tex., with a ribbon-cutting ceremony that included the attendance of local…
Is Bakken CBR fading away?
Bakken crude oil hauled in unit trains may disappear by 2017, according to an analysis conducted by RBN Energy LLC.
Yangtze, Anyang Railway Equipment form JV
Yangtze Railroad Materials has formed a joint venture with Anyang Railway Equipment LLC, a top Chinese materials manufacturer based in the city of Anyang, in the Henan Province of China,…
AAR: Freight traffic stays flat
For the week ending July 25, 2015, total U.S. weekly rail traffic was 557,612 carloads and intermodal units, down 2.5% compared with the same week last year, as only one…
NS absorbs second-quarter hit
“Short-term pressure,” in the words of President and CEO Jim Squires, contributed to Norfolk Southern on July 27, 2015 posting second-quarter 2015 financials with significant declines in net income, operating…
CSX doubles up for Brickyard 400
The Sunday, July 26, 2015 Brickyard 400 NASCAR Sprint Cup Series race at Indianapolis Motor Speedway will have not one, but two CSX-primary-sponsored Front Row Motorsports Ford Fusions running: The…
UP posts flat second-quarter earnings
Net income of $1.2 billion, compared with 2014 net income of $1.3 billion, combined with an operating revenue decrease of 10% and an operating income down 11%, resulted in a…
Carload traffic continues to dip
For the week ending July 18, 2015, total U.S. weekly rail traffic was 551,181 carloads and intermodal units, down 2.8% compared with the same week last year, as carload traffic…
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