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Jason Seidl: Shippers want more rail service
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl attended the North East Association of Rail Shippers (NEARS) Fall Conference and offers the following generally…
CP strong into harvest season
Canadian Pacific reports it's well-positioned and ready to move this year's western Canadian grain crop, which is forecast to be significantly bigger than the five-year average, to market.
AAR to STB: Policy "fixes" are bad policy
The Surface Transportation Board (STB or Board) on Sept. 22 released an independent study it commissioned from InterVISTAS Consulting LLC that examined the STB’s approach to freight rail rate regulation…
Union Pacific focus: Future
Cover story, September issue: Like most Class I railroads, Union Pacific has had to make adjustments to deal with sharp declines in coal and other commodities. While its $3.75 billion…
STB releases SAC rate reasonableness methodology study
A Surface Transportation Board study on the Board’s SAC (stand-alone cost) rate reasonableness methodology is complete and can be downloaded at the link below.
Fox Creek home to new transload site
Badger Mining Corporation announced a long-term agreement to become an exclusive sand tenant of ANC Transloading, Inc.’s Fox Creek facility, located 260 km (160 miles) northwest of Edmonton, Atla. on…
AAR: Total weekly U.S. rail traffic down 5.1%
The Association of American Railroads (AAR) reported total weekly U.S. rail traffic for the week ending September 17, 2016 was 537,904 carloads and intermodal units, down 5.1% compared with the…
CP urges TSB to do more with LVVR
Canadian Pacific joined the Canadian Transportation Safety Board (TSB), which released a study on September 19, in reiterating support for the Minister of Transport to implement Locomotive Voice and Video…
Guido De Ciccio retires from CP
Canadian Pacific announced that Guido De Ciccio, Senior Vice-President, Operations Western Region, is retiring from CP after four decades of dedicated service.
Expanded random drug testing, of course—with a few changes
Federal Railroad Administration data says the percentage of rail workers who tested positive in random drug tests increased to 0.53% in 2015 from 0.37% in 2014, following five years of…
ERAC and CN conducting rail emergency training exercise
Emergency Response Assistance Canada (ERAC), in conjunction with CN, announced Sept. 15 it conducted a rail emergency exercise as part of ongoing ERAC responder training in the event of an…
BNSF General Counsel Shewmake joins Thompson & Knight
The law firm Thompson & Knight LLP announced September 14 that Charles W. Shewmake has joined the firm as a partner in the Trial Practice Group. Prior to joining Thompson…
AAR weekly traffic report: grain up as much as petroleum down
The Association of American Railroads (AAR) reported for the week ending September 10, 2016, total U.S. weekly rail traffic was 482,894 carloads and intermodal units, down 5.4% compared with the…
Drink up: new rail trade association forms
The Private Railcar Food and Beverage Association, Inc. (PRFBA) announces its formal creation, comprised of 13 global food and beverage companies and manufacturers headquartered in North America.
CN named to Dow Jones Sustainability Indexes
CN has been named to the Dow Jones Sustainability Index (DJSI) World Index for the fifth consecutive year and to the DJSI North America Index for the eighth consecutive year.
First time to the legislative table: NS, Amtrak and PennDOT in Pittsburgh
The Pittsburgh Downtown Partnership has released its testimony from a Aug. 23 hearing regarding increasing rail service to western Pennsylvania. “I think it’s one of the first times that Amtrak,…
STB: Four Class I's revenue-adequate in 2015
The Surface Transportation Board (STB) on Sept. 8, 2016 announced its annual determination of revenue adequacy for U.S. Class I freight railroads for 2015. Of the "Big Seven" (five U.S.…
CFO change at CP
Canadian Pacific announced Sept 8, 2016 that Executive Vice President and Chief Financial Officer Mark Erceg has resigned, effective immediately, to join a U.S. company. Nadeem Velani has been appointed…
"Commentary remains cautious"
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway…
CSX updates third-quarter guidance
CSX Corporation Executive Vice President and Chief Financial Officer Frank Lonegro updated investors and analysts on Sept. 7, 2016 at the Cowen and Company 9th Annual Global Transportation Conference in…
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