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Franczak quits as CP operating chief
Canadian Pacific Monday announced the resignation of Mike Franczak, executive vice president and chief operations officer, effective immediately. CP CEO E. Hunter Harrison said a replacement would not be named immediately.
RailComm to expand BNSF Amarillo yard system
Fairport, N.Y.-based RailComm said Monday it has been selected to provide a wireless remote control derail system at BNSF's Amarillo, Tex., yard for the roundhouse engine tracks.
Train accidents again down sharply
Continuing a three-year decline, train accidents on U. S. railroads dropped 19.2% to 980 in this year's first seven months, compared with the same period last year, according to a…
STB to Berkshire Hathaway: Divest two railroads
The Surface Transportation Board has directed BNSF Railway's parent, Berkshire Hathaway, to "promptly remedy its noncompliance with railroad control requirements" stemming from its acquisition of BNSF in 2010.
Faster flip for fracking sand
A $20 million upgrade to the Horseheads (N.Y.) Sand & Transloading Terminal (HOST) will give Norfolk Southern trains hauling sand used in extracting natural gas from the Marcellus Shale formation…
Environmental report moves BNSF facility ahead
BNSF announced Sept. 29 that an updated Draft Environmental Impact Report (DEIR) released by the Port of Los Angeles found that a proposed BNSF Southern California International Gateway (SCIG) facility…
U.S. freight carload traffic still struggles; intermodal up
U.S. freight carload traffic declined 4.1% for the week ending Sept. 22, 2012, measured against the comparable week in 2011, the Association of American Railroads reported Thursday. U.S. intermodal volume…
CP, “The last great rail turnaround”
Wall Street analyst William Greene of Morgan Stanley Research North America is telling investors in the rail sector that Canadian Pacific Railway, under the direction of newly appointed chief executive E.…
CP names Redeker chief information officer
Canadian Pacific announced Friday that Michael Redeker has been appointed vice president and chief information officer, effective Oct. 15. Redeker was most recently chief information officer at ATB Financial.
August employment down from July
Class I railroad employment totaled 161,134 in August, down 0.54% from July, though maintaining an edge of 0.64% over August 2011, according to figures released Thursday by the Surface Transportation Board.
NS shares dip on earnings warning
Norfolk Southern announced late Wednesday that third-quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, "primarily due to volume declines in certain markets and…
Intermodal again powers U.S. freight mix
U.S. freight carload traffic for the week ending Sept. 15 lagged behind the comparable week in 2011, down 2.9%, continuing a yearlong trend, the Association of American Railroads reported Thursday.…
NS improves Carbon Disclosure Project score
Norfolk Southern Corp. said Wednesday it "has achieved its best-ever score in the S&P 500 Climate Change Report released by the Carbon Disclosure Project."
FRA funds third track for northern Virginia
The Federal Railroad Administration Monday announced its intent to release $74.8 million for 11 miles of a third track for use by Virginia Rail Express (VRE), CSX, and Amtrak in northern…
CP touts faster transcontinental service
Canadian Pacific Monday said it has launched new faster intermodal train services connecting Vancouver, British Columbia, to Toronto or Chicago.
Rail cost of capital rises to 11.57%
The Surface Transportation Board announced Friday that it had determined the railroad industry's after-tax cost of capital for 2011 to be 11.57%, compared with 11.03% for the prior year.
CSX ranks high on carbon disclosure index
CSX Corp. announced Thursday that for the third year in a row the company earned a place on the Carbon Disclosure Project (CDP) S&P 500 Carbon Disclosure Leadership Index (CDLI), and for…
AAR: U.S. “mixed traffic” trend rolls on
U.S. freight carload traffic fell 2.3% during the week ending Sept. 8, 2012, measured against the comparable week in 2011, the Association of American Railroads (AAR) said Thursday. U.S. intermodal…
Baltimore, CSX eye near-dock intermodal site
Mount Clare train yard in southwestern Baltimore would be the site of a $90 million, near-dock intermodal yard designed to aid traffic flow through the Port of Baltimore. CSX Transportation…
U.S. ends August with mixed traffic results
U.S. freight carload traffic for the week ending Sept. 1 declined 3.4% measured against the comparable week of 2011, the Association of American Railroads said Thursday. But U.S. intermodal continued…
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