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Wall Street view: Stuck in neutral?
Looking ahead to 2013, we find the same central question facing us that we have over the past few years, and that is what the economic environment will look like.…
Michigan DOT completes NS rail line buy
In time for the holiday season, the Michigan Department of Transportation (MDOT), Federal Railroad Administration (FRA) and Norfolk Southern Railway Co. (NS) have finalized a $140 million agreement for MDOT…
New Gensets for UP at Proviso Yard
Union Pacific, which 10 years ago broke new ground in locomotive technology by working with a major supplier to develop a Genset locomotive for yard service, on Dec. 12 unveiled…
U.S. freight carload, intermodal moves slip
For the second week in a row, the latest week ending Dec. 8, volume fell for both U.S. carload freight traffic and, more notably, for U.S. intermodal movement as well.
New Ohio short line announced
Hannibal Real Estate of White Plains, N.Y., and Carload Express of Oakmont, Pa., on Wednesday jointly announced agreement to operate the 12.2-mile Omal railway line in Monroe County, Ohio, naming…
UP, L.B. Foster extend crosstie contract
L.B. Foster and Union Pacific have agreed on a multiyear extension of a contract for the supply of prestressed concrete ties from the supplier's Tucson, Ariz., facility. The previous contract was set…
CN blasts rail regulation legislation
Claude Mongeau, president and chief executive officer of Canadian National, says there is no evidence of systemic rail service problems warranting the Canadian government's introduction Tuesday of legislation that would expand…
UP opens Austin, Tex., info tech center
Union Pacific said Tuesday it has opened a new information technology center in Austin, Tex., bringing the railroad closer to the top talent located in what it calls one of…
UIC honor bestowed to TTCI FAST program
The Association of American Railroads Tuesday lauded the Transportation Technology Center, Inc. (TTCI) on its receipt of the International Union of Railways' (UIC) Innovation and Railway Research Award in the…
CP, Teamsters Canada workers reach accord
The Teamsters Canada Rail Conference-Maintenance of Way Employees Division (TCRC-MWED), representing 2,600 maintenance of way workers, and Canadian Pacific reached a tentative historic five-year contract settlement, CP announced Tuesday.
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