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CSX announces senior leadership team changes
CSX Chairman and Chief Executive Officer Michael J. Ward announced a number of senior management changes on May 20, 2016, including the retirement July 1 of Lisa Mancini, Executive Vice…
City of Montreal and CN focus on safety
Honourable Denis Coderre, Mayor of Montreal, joined Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer at CN, in announcing the areas of safety that the City of Montreal…
FASTLANE grant applications approach $10 billion
The U.S. Department of Transportation announced on May 20, 2016 that it has received 212 applications totaling nearly $9.8 billion for grants through the newly-created Fostering Advancements in Shipping and…
Minnesota National Guard on the move, by rail
More than 1,300 pieces of military equipment from the Minnesota National Guard are being loaded onto railcars for movement from Camp Ripley through the weekend of May 21, 2016.
U.S. weekly rail traffic down 9.2%
For the week ending May 14, 2016, total U.S. weekly rail traffic was 498,379 carloads and intermodal units, down 9.2% compared with the same week last year, according to the…
Infrastructure week unveiled
150 non-partisan organizations recognize Infrastructure Week May 16th to 23rd. Business, labor and civic organizations are uniting under the week's 2016 theme: “Infrastructure Matters.”
STB railroad carload and tonnage data, by state
Now available from the Surface Transportation Board Office of Economics is a report providing annual carload and corresponding tonnage data for freight railroad transportation either originating, terminating, or traversing each…
Ben Vient joins Railway Age as Managing Editor
Ben Vient has joined the editorial staff of Railway Age as Managing Editor, based at Simmons-Boardman Publishing Corp. headquarters in New York City.
BNSF’s Fox plans retirement; Freeman named successor
Greg Fox, who has served as Executive Vice President, Operations at BNSF since November 2010, plans to retire. Dave Freeman will step into the position on June 1, 2016.
$36 million for 31 rail projects across 34 counties in Pennsylvania
The Pennsylvania State Transportation Commission on May 13, 2016 approved $36 million for 31 rail projects across 34 counties.
Jason Seidl: Expect a pronounced level of caution
Near-term outlooks from Class I railroads at upcoming conferences “will contain a somewhat more pronounced level of caution given further softening in volumes since first-quarter 2016 earnings,” according to Cowen…
UP targets $76.8 million in Nebraska investments
Union Pacific will spend $78.6 million improving its infrastructure in Nebraska this year. The planned spend is on top of the $200 million the railroad invested in its infrastructure in…
Ottensmeyer succeeds Starling as KCS CEO
Patrick J. Ottensmeyer will succeed David L. Starling as Kansas City Southern CEO, effective July 1, 2016. Ottensmeyer will retain the title of President, a position he assumed on March…
Total U.S. weekly rail traffic down 10.6%
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 7, 2016: Total U.S. weekly rail traffic was 492,923 carloads and intermodal units, down 10.6%…
Hunter Harrison: Disrupting the status quo
National Transportation Policy mandates that railroads be managed efficiently. While railroad performance is reflective of improvement, some railroads excel, with the reasons increasingly under digital scrutiny by activist money managers…
RBN Energy on CBR: “All is not gloom and doom”
A few years back, crude-by-rail (CBR) “emerged as the go-to fix that enabled pipeline-constrained shale regions to move fast-increasing volumes of oil to market,” writes RBN Energy LLC analyst Housley…
Jason Seidl: NS valuation “remains too cheap”
“We would still be buyers of Norfolk Southern stock,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl wrote in Reiterate Outperform—Just the Tip of…
UP slates $121.6 million for California capex
Union Pacific announced a plan on May 4, 2016 to invest $121.6 million in 2016 to improve its infrastructure in California.
We don’t need more mergers
Now that I have your attention, I’ll say it again: The last thing the North American railroad industry needs for the foreseeable future is the long-talked-about “final round of mergers,”…
The Thoroughbred that got away
Cover story from the May 2016 issue of Railway Age: Norfolk Southern has been looking over its shoulder for almost a year. Now, it can focus its attention ahead.
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