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AIG expands liability limits to $1 billion
American International Group, Inc. (AIG) has expanded excess casualty liability limits for Class I railroads in the U.S. and Canada to $1 billion per occurrence.
STB requiring weekly Class I service performance reports
The U.S. Surface Transportation Board announced Wednesday, Oct. 8, 2014 that it is requiring all Class I railroads to publicly file weekly data reports regarding service performance “to promote industry-wide…
No injuries reported in Saskatchewan derailment
Canadian officials reported no injuries Wednesday morning, Oct. 8, 2014, in the aftermath of a CN train derailment occurring Tuesday near Wadena, Saskatchewan that generated smoke and some fears of…
Analyst: CP “on to another finish line with sweat and speed”
Canadian Pacific Railway, under the leadership of CEO E. Hunter Harrison, is “raising the bar, again,” according to Cowen & Co. Managing Director and Railway Age Wall Street Contributing Editor Jason…
AAR: September ends with U.S. freight traffic up
U.S. freight traffic finished the last full week of the month ending Sept. 27, 2014 the same way it ploughed through the full month itself, with gains, the Association of…
CP’s Harrison sets 2018 financial goals
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more…
AAR comments to PHMSA stress efficiency as well as safety
The Association of American Railroads on Sept. 30, 2014 submitted its comments on the U.S. Department of Transportation-Pipeline and Hazardous Material Safety Administration (PHMSA) NPRM (Notice of Proposed Rulemaking) on…
CSX hosts first-responder CBR training at SERTC
Forty first-responders representing 30 communities around CSX’s railroad network have undergone crude-by-rail (CBR) incident response training at the Security and Emergency Response Training Center (SERTC) in Pueblo, Colo.
Norfolk Southern recognized for carbon disclosure
Norfolk Southern Corp. said Monday, Sept. 29, 2014 it has "earned recognition recently from environmental nonprofit CDP as a marketplace leader in carbon disclosure, reflecting the railroad's broad integration of sustainable business practices…
Record intermodal paces U.S. freight gains
U.S. freight rail traffic for the week ending Sept. 20, 2014 kept rising from levels of a year ago, the Association of American Railroads reported Thursday, Sept. 25. As per the…
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