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STB: Four Class I's revenue-adequate in 2015
The Surface Transportation Board (STB) on Sept. 8, 2016 announced its annual determination of revenue adequacy for U.S. Class I freight railroads for 2015. Of the "Big Seven" (five U.S.…
CFO change at CP
Canadian Pacific announced Sept 8, 2016 that Executive Vice President and Chief Financial Officer Mark Erceg has resigned, effective immediately, to join a U.S. company. Nadeem Velani has been appointed…
"Commentary remains cautious"
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway…
CSX updates third-quarter guidance
CSX Corporation Executive Vice President and Chief Financial Officer Frank Lonegro updated investors and analysts on Sept. 7, 2016 at the Cowen and Company 9th Annual Global Transportation Conference in…
AAR: Excluding coal, August carloads down only 1%
The Association of American Railroads (AAR) released August monthly figures with this nugget: Exclude coal, and the industry's carloads were down only 1% in August 2016 from August 2015, or…
Elliott to Congress: Revenue adequacy will have to wait
In a Sept. 1, 2016 monthly progress report letter to the Senate Commerce Committee, House Transportation & Infrastructure Committee, Senate and House transportation appropriations committees and all relevant subcommittees, Surface…
Ackman bails from CP board
Approximately one month after billionaire hedge fund manager Bill Ackman dumped all his shares in Canadian Pacific Railway Ltd. and walked away with an estimated $1.5 billion to pursue other…
Hillary and Trump, are you paying attention to us?
Hey, Mr. Trump! Yeah you! The guy with the odd orange hairdo. You interested in supporting an American industry that invests billions of private capital, building worthwhile things, instead of…
WA CBR notification system starts October 1
Responding to the Washington Council of Fire Fighters and other first responders, Washington State adopted a new rule, Chapter 173-185 WAC, Oil Movement by Rail and Pipeline Notification, “to enhance…
STB issues NPRM on small rate disputes after shipper feedback
The Surface Transportation Board released August 31 an Advance Notice of Proposed Rulemaking (ANPR), which considers a new, streamlined procedure to resolve small rate disputes between shippers of all commodities…
AAR: Total weekly rail traffic down 6.2%
The Association of American Railroads (AAR) reported total U.S. weekly rail traffic for the week ending August 27, 2016 was 539,657 carloads and intermodal units, down 6.2% compared with the…
Houfek from CSX to DCLI
Direct ChassisLink, Inc. (DCLI) announced that Ryan Houfek has joined the firm as Senior Vice President, Business Development.
GE Transportation acquires ShipXpress
GE Transportation has acquired ShipXpress, a provider of “cloud-based software solutions that enable transportation, industrial, and commodities businesses to efficiently operate with supply chain partners.”
NCTD ramps up rail trespassing enforcement with jail time
The North County Transit District (NCTD) is significantly increasing enforcement activities against trespassers along both the Oceanside to San Diego and Oceanside to Escondido rail corridors.
LACMTA, NCDOT outline plans for federal grants
Officials on opposite sides of the country outlined plans to enhance safety of local rail systems using recently awarded federal funds.
CP voices support for expanding LVVR
Canadian Pacific announced Aug. 25, 2016 that it “welcomes the release of the full proceedings from the Canadian Transportation Safety Board’s (TSB) recent Transportation Safety Summit and urges government officials…
INRD, Venture Logistics inaugurate intermodal warehouse
The Indiana Rail Road (INRD) and Venture Logistics on Aug. 24, 2016 officially opened the new Venture Rail Warehouse, decribed as “the first rail-served mega-warehouse constructed in Marion County in…
CDPQ reaches Montreal track agreement with CN
Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ) Infra has reached an agreement with CN to purchase infrastructure for its planned 41.5-mile (67 km) Metropolitan Electric Network…
The Association of American Railroads (AAR) updated on Aug. 24, 2016 crude oil carload numbers for second-quarter 2016:
CN, ADM and Midwest Inland Port grow intermodal in Decatur, Ill.
Archer Daniels Midland Company and the Midwest Inland Port announced August 23 that their collaborative logistics and marketing efforts are driving increased container shipments over ADM's privately owned intermodal ramp…
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