U.S. freight traffic completed the first week of March with an estimated volume of 29.2 billion ton-miles, off 13.9% from the comparable first week of March 2008, the Association of American Railroads reported. U.S. carload freight declined 15.0% for the week ended March 7 compared with the comparable period of one year ago, slipping 11.9% in the West and 19.5% in the East. U.S. intermodal volume declined 12.7% compared with year-ago levels.
Christine Barney, a former Federal Trade Commissioner who has been nominated by President Obama to be the chief antitrust enforcement officer at the Department of Justice, thinks legislation to take away the railroads' remaining antitrust exemptions is "terrific."
Montana House Bill 422, advanced by those seeking to weigh down short line Tongue River Railroad’s efforts to extend its right-of-way to coal deposits, has stalled. The bill, backed by some state landowners and by environmentalists, seeks to make eminent domain procedures more difficult.
Montana House Bill 422, advanced by those seeking to weigh down short line Tongue River Railroad’s efforts to extend its right-of-way to coal deposits, has stalled. The bill, backed by…
Fortune magazine has awarded Union Pacific the title of "Most Admired" railroad in its annual survey of American companies, Fortune said. UP scored first among all railroads in the key areas of innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and global competitiveness.
American railroads again made big safety investments in 2008, and again they paid off in a big way.
Scrambling belatedly to secure light rail transit service after rejecting same a decade ago, Virginia Beach, Va., may receive a $20 million state grant to acquire 10.6 miles of Norfolk Southern right-of-way within the municipality. The route, if acquired, would almost certainly become an addition to “The Tide” light rail line now being constructed in neighboring Norfolk, which ends at the Virginia Beach border.
Continuing its advancement of the Crescent Corridor, Norfolk Southern appears ready to begin developing a major intermodal hub in Chambersburg, Pa., near the Maryland border, in conjunction with the Franklin County (Pa.) Area Development Corp. Corporation President L. Michael Ross said the NS site will be accessible by road via Exit 3 of Interstate 81 in what will be the Antrim Commons Business Park.
The Senate Judiciary Committee Wednesday reported a bill aimed at eliminating the railroads' limited antitrust exemption. The Association of American Railroads said the effort "could alter economic oversight of the railroads."
Norfolk Southern says the employees in its mechanical department turned in a history-making safety performance in 2008, completing the year with a reportable injury ratio of 0.53, the lowest ever achieved by any operating department at Norfolk Southern.