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CSX extends deadline for board nominations again
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
Weekly gain for U.S. rail freight volumes
Rail traffic in the United States for the week ending Feb. 18 totaled 531,123 carloads and intermodal units, up 6.8% from the same week in 2016.
CP’s beaver makes a comeback
Canadian Pacific on Feb. 21 announced it is bringing back its iconic beaver logo, the first version of which appeared in 1886, “as it looks to the future, while re-connecting…
UTLX, RailcarRx launch car repair portal
North American tank car manufacturer and lessor Union Tank Car Company (UTLX) has launched UTLX Repair Link, a BRC and railcar management portal, to streamline transactions with contract shops during…
CSX CEO Ward retiring, 1,000 jobs to be eliminated
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire, effective May 31.
Trackmobile recognizes best-performing distributors
Trackmobile announced its top four performing Distributors with Awards of Excellence for 2016.
For Wabtec, a challenging 2016
Wabtec Corp. on Feb. 21 reported results for 2016’s fourth quarter and full year, and issued financial guidance for 2017, that reflects “significant headwinds” in the freight and industrial markets,…
It’s getting a bit windy around Jacksonville
Press releases disguised as letters? Or letters disguised as press releases? In a corporate power struggle, either method can be deployed with the intent of influencing shareholders. Both sides in…
More rain whipsaws BNSF with outages in NorCal, PNW
High water blocked BNSF's Lakeside Subdivision between Spokane and Pasco, Wash., Thursday in the twisting, narrow Hatton Coulee between Hatton and Connell.
CP campaign touts preventative use of in-cab cameras for safety
Canadian Pacific Railway on Tuesday launched an awareness campaign highlighting the safety benefits of the prevetative use of inward-facing cameras in the cabs of locomotives.
STB adjusts rail productivity measure, calls public meeting
The Surface Transportation Board announced that it is adopting a tentative new measure of average change in railroad industry productivity for 2011-15.
Brooks new CMO for Canadian Pacific
Canadian Pacific has promoted John Brooks to senior vice-president and chief marketing officer, responsible for business units and sales and marketing staff based throughout North America.
Mild rail freight traffic upswing continues
The Association of American Railroads (AAR) on Feb. 15 reported that total U.S. rail traffic for the week ending Feb. 11, 2017 up 2.6% compared with the same week last…
Jason Seidl: CSX, EHH getting close?
Late on Feb. 14, CSX Corp. announced it plans to hold a special shareholder meeting on Feb. 16 after discussions for E. Hunter Harrison to take over the reins as…
CSX calls special shareholders meeting to consider Harrison proposals
CSX late on Feb. 14 called a special meeting of shareholders to consider what it termed “extraordinary requests” by hedge fund Mantle Ridge LP and former Canadian Pacific CEO Hunter…
VIDEO: In Chicago, Norfolk Southern opens locomotive repair center
Norfolk Southern today opened a new locomotive maintenance and repair facility in Chicago, enhancing its services in the largest U.S. rail hub.
Financial Edge February 2017: Chuck the steering wheel out the window
Among the daredevil set, the cadre of YouTube videos of drivers that attempt to stress the limitations of Tesla’s driver assist (or self-driving) mode (searching “Tesla Autopilot” yields a search…
"CP Has Heart" benefits real hearts
February is Heart Month in Canada, and Canadian Pacific is involved in two charity partnerships to benefit the Children’s Hospital of Eastern Ontario (CHEO) and the University of Ottawa Heart…
New, potentially disruptive businesses
This is Jim Blaze, rail economist and teacher—sometimes a reporter; always one who questions. I’m concerned about how the “Big 7” railroads are going to address their next five to…
Port of Virginia: Record TEUs as terminal expansion begins
The Port of Virginia set a record for monthly volume, 228,516 TEUs in January, an increase of 18.5% from the same month the previous year, and up 8% year-to-date.
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