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CN 2014 capex: C$2.1 billion
CN announced on Feb. 19, 2014 a capital investment plan worth approximately C$2.1 billion (US$1.9 billion) “to continue to raise network safety and efficiency, improve service, and grow the business.”…
Jim Young, Oct. 24, 1952 – Feb. 15, 2014
Union Pacific Corp. Chairman James R. (Jim) Young, who worked his way from an entry-level finance position to Chairman, President and Chief Executive Officer, died Feb. 15, 2014 after a…
“Underlying rail fundamentals are very solid”
Fourth-quarter and full-year 2013 Class I financial results and accompanying railroad management commentaries have reinforced Wall Street’s favorable view of the rail sector, according to Cowen & Co. Managing Director…
CBR: CN, CP charging more for pre-CPC-1232 tank cars
CN is charger a higher rate to move crude oil in DOT-111 tank cars built prior to October 2011, when Association of American Railroads CPC (Casualty Prevention Circular)-1232 safety standards…
Back to mixed results for U.S. freight traffic
Resuming a pattern predominant through 2013, U.S. intermodal volume gained ground, while U.S. carload freight fell short, during the week ending Feb. 8, 2014, the Association of American Railroads reported…
NS CBR train derails in Pennsylvania
A Norfolk Southern crude-by-rail (CBR) train derailed in Pennsylvania Thursday, Feb. 13, 2014, resulting in oil leakage from three tank cars. No injuries were reported.
NS stormwater project benefits riverside communities
Communities around Norfolk, Va., and the Elizabeth River, a tributary of the ecologically important Chesapeake Bay, have benefitted from Norfolk Southern’s innovative stormwater management system at the railroad’s Lamberts Point…
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.
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