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Does CSX need the "HH cure"?
First, let me make this perfectly clear: Two-time Railway Age Railroader of the Year E. Hunter Harrison (2002, CN/Illinois Central; 2015, Canadian Pacific) is one of our industry’s best all-time…
Shuster names T&I subcommittee chairs
Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) on Jan. 23 announced his selections for Full Committee Vice Chairman and the Committee’s six Subcommittee Chairmen for the 115th Congress:
STB's Begeman: Head, heart in conflict
News item: Republican Ann Dawn Begeman, 52, was confirmed by the Senate in December to a second term—expiring Dec. 31, 2020—on the five-person Surface Transportation Board (STB). Expect her to…
AAR "ready to work with Trump"
The Association of American Railroads issued a statement on Donald J. Trump's inauguration day as President of the United States stating that the rail industry is prepared to work with…
UP: "Declines moderate in 4Q"
Union Pacific Corporation on Jan. 19 reported 2016 fourth-quarter net income of $1.1 billion, or $1.39 per diluted share compared to $1.31 per diluted share, in fourth-quarter 2015.
BNSF plans $3.4B in 2017 capital spending
BNSF Railway Company (BNSF) on Jan. 19 announced its 2017 capital expenditure plan will be approximately $3.4 billion.
EHH: Is CSX next? Let the speculation begin
Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous…
AAR: Total weekly U.S. traffic up 2%
The Association of American Railroads (AAR) on Jan. 18 reported for the week ending Jan. 14, 2017 total U.S. weekly rail traffic was 516,229 carloads and intermodal units, up 2%…
Cowen shipper survey: "Price increase expectations off the bottom"
Rail shippers “are more confident in the economy, and the new Trump Administration is providing a degree of both hopeful optimism and uncertainty,” according to Cowen and Company’s 4Q16 Rail…
CSX: 4Q revenue up, 2016 revenue down
On Jan. 17, CSX Corporation announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of…
Trackmobile LLC and Rail Safe partner for safety
Trackmobile and Rail Safe Training, Inc. announced on Jan. 16 a new safety partnership. Every new Trackmobile railcar mover sold will now come with complimentary rail safety training from Rail…
AAR replies to STB on proposed access regulation
The Association of American Railroads (AAR) on Jan. 13 responded to comments filed by a group of shippers to the Surface Transportation Board (STB) for new mandated reciprocal switching ("forced…
Cowen and Company: "Notable earnings improvement in '17"
Optimism was the main thread that ran across the presentations we saw at the Midwest Association of Rail Shippers (MARS) meeting in Chicago Jan. 11-12. Most people felt better about…
AAR: total weekly U.S. rail traffic down 11.4%
The Association of American Railroads (AAR) reported Jan. 11 for the week ending January 7, 2017, total U.S. weekly rail traffic was 441,417 carloads and intermodal units, down 11.4% compared…
Cowen and Company: Perspectives from FTR's Noel Perry
Noted trucking industry veteran and freight economist Noel Perry appears to hold a positive near-to-intermediate term view of freight markets, projecting truckload capacity to exceed full utilization in 2018, according…
AAR 2017 outlook focuses on tax code and regulations
The Association of American Railroads (AAR) provided this 2017 outlook on Jan. 4:
SYSTRA appoints Rosenblum COO
SYSTRA announced Jan. 4 the appointment of Stanley Rosenblum as Chief Operating Officer.
AAR: 2016 down 8.2%; 2017 could improve
The Association of American Railroads (AAR), in reporting full-year 2016 traffic figures on Jan. 4, 2017, noted that there are signs of growth following two years of declines.
AAR: 2016 concludes on a positive note
The Association of American Railroads (AAR) on Jan. 4, 2017 reported total U.S. weekly rail traffic for the week ending Dec. 31, 2016 was 425,998 carloads and intermodal units, up…
Union Pacific acquires Railex LLC Assets
Union Pacific announced Jan. 3 its acquisition of Railex LLC's refrigerated and cold storage distribution assets in Delano, Calif.; Wallula, Wash.; and Rotterdam, N.Y. Acquisition does not include Railex Wine…
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