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Moorman to USCOC: “Freight rail vital to economic prosperity”
Speaking on Feb. 20, 2014 in Washington, D.C., to a U.S. Chamber of Commerce meeting on infrastructure, Norfolk Southern CEO Wick Moorman said freight railroads are “essential to driving America’s…
U.S. freight traffic falters in latest week
Both U.S. freight carload traffic and U.S. intermodal volume declined during the week ending Feb. 15, 2014, measured against the comparable week in 2013, the Association of American Railroads reported…
Mexico to its rail franchisees: “Yanqui go home”
At the turn of the 20th century, seven-term Mexican President Porfirio Diaz is cited as having complained, “Poor Mexico, so far from God and so close to the United States.”
Mexico's stalking railway horse impacting KCS
A railway reform bill that has been approved by the lower house of Mexico’s Congress and that would impose a form of open access has had a major impact on…
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.
BNSF 2014 capex: $5 billion
BNSF Railway on Feb. 4 announced a new single-year record capital commitment plan of $5 billion for 2014, approximately a $1 billion increase over its 2013 actual capital spend of…
Conductors union spurns CN pact
Canadian National said Friday, Jan. 31, 2014 the Teamsters Canada Rail Conference-Conductors, Trainpersons and Yardpersons has advised the railroad that "the tentative labor agreements negotiated with the union in October…
NS opens transfer terminal in Chesapeake
Norfolk Southern has opened a new Thoroughbred Bulk Transfer (TBT) terminal in Chesapeake, Va., to serve shippers of dry and liquid bulk commodities.
If crude by rail, why not water?
I can’t help but watch the wildfires and water shortages taking place in California and wonder if BNSF and Union Pacific, and perhaps a few of their shippers, are able…
CN earnings rise in 4Q, slip for year
CN issued its earnings report for the fourth quarter and full-year 2013 after the closing bell on Wall Street Thursday, Jan. 30, 2014, gaining in the quarter over the comparable…
December employment rises from a year ago
Compiled figures released this week by the Surface Transportation Board show Class I railroads employed 162,810 people in mid-December, up a scant 0.10% from December 2012, but down 0.24% from…
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