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Berkshire Hathaway completes short line sales
Berkshire Hathaway has divested a second short line, the White City Terminal Union Railway, ahead of a schedule set by the Surface Transportation Board earlier this year, as part of…
ARDA readies 2013 Executive Forum
The American Railway Development Association (ARDA) late Wednesday announced that registration for the ARDA 2013 Executive Forum is now available. The forum will be held February 12-13, 2013, in BNSF's Network…
CP achieves key labor settlements
Canadian Pacific late Wednesday announced two labor settlements that E. Hunter Harrison, president and CEO, said puts the railroad "in a very good position to continue the work of being an…
U.S. intermodal rebounds in latest week
U.S. intermodal volume for the week ending Dec. 15 returned to the plus column it has been in for much of 2013, the Association of American Railroads said Thursday. U.S.…
Employment up year-over-year, past month
Figures released by the Surface Transportation Board show Class I railroads employed 162,766 people in mid-November, up 1.65% from November 2011, and up 0.20% from October 2012.
BNSF CEO sees record 2013 capex
BNSF Railway CEO Matt Rose says his railroad set a company record for capital investment in 2012, but expects to exceed that level in the coming year. BNSF has yet…
Adore or abhor income protection? Thank Jim Hodgson
Perhaps no individual so significantly affected the payment of income protection to rail workers as did President Nixon's labor secretary, James D. Hodgson, who died Nov. 28 at age 96.
Wall Street view: Stuck in neutral?
Looking ahead to 2013, we find the same central question facing us that we have over the past few years, and that is what the economic environment will look like.…
Michigan DOT completes NS rail line buy
In time for the holiday season, the Michigan Department of Transportation (MDOT), Federal Railroad Administration (FRA) and Norfolk Southern Railway Co. (NS) have finalized a $140 million agreement for MDOT…
New Gensets for UP at Proviso Yard
Union Pacific, which 10 years ago broke new ground in locomotive technology by working with a major supplier to develop a Genset locomotive for yard service, on Dec. 12 unveiled…
U.S. freight carload, intermodal moves slip
For the second week in a row, the latest week ending Dec. 8, volume fell for both U.S. carload freight traffic and, more notably, for U.S. intermodal movement as well.
New Ohio short line announced
Hannibal Real Estate of White Plains, N.Y., and Carload Express of Oakmont, Pa., on Wednesday jointly announced agreement to operate the 12.2-mile Omal railway line in Monroe County, Ohio, naming…
UP, L.B. Foster extend crosstie contract
L.B. Foster and Union Pacific have agreed on a multiyear extension of a contract for the supply of prestressed concrete ties from the supplier's Tucson, Ariz., facility. The previous contract was set…
CN blasts rail regulation legislation
Claude Mongeau, president and chief executive officer of Canadian National, says there is no evidence of systemic rail service problems warranting the Canadian government's introduction Tuesday of legislation that would expand…
UP opens Austin, Tex., info tech center
Union Pacific said Tuesday it has opened a new information technology center in Austin, Tex., bringing the railroad closer to the top talent located in what it calls one of…
UIC honor bestowed to TTCI FAST program
The Association of American Railroads Tuesday lauded the Transportation Technology Center, Inc. (TTCI) on its receipt of the International Union of Railways' (UIC) Innovation and Railway Research Award in the…
CP, Teamsters Canada workers reach accord
The Teamsters Canada Rail Conference-Maintenance of Way Employees Division (TCRC-MWED), representing 2,600 maintenance of way workers, and Canadian Pacific reached a tentative historic five-year contract settlement, CP announced Tuesday.
NS welcomes Amtrak back to Norfolk
Norfolk Southern Corp. Tuesday heralded Amtrak's return to the corporation's headquarters city, Norfolk, Va., and the Hampton Roads area.
DeMint departure resets reregulation game
The late British Prime Minister Harold Wilson observed, "A week is a long time in politics." And what a week it was on Capitol Hill.
Morgan Stanley: CP a compelling investment
Following Canadian Pacific’s investor conference in New York City Dec. 4-5, Morgan Stanley transportation analyst William Greene has named CP the firm’s "top pick in Freight Transports and a Morgan…
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