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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.
China to order 586 locomotives, 40,000 freight cars
China Railway Investment Corporation (CRIC) has issued RFPs (requests for proposals) for contracts to supply 586 electric locomotives and 40,000 freight cars to China Railway Corporation (CRC).
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…
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…
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.
Oroville Dam emergency delaying UP trains
The Oroville Dam emergency is causing delays of 24-48 hours for Union Pacific freight moving between Oregon, Washington and Southern California.
AAR: U.S., Canada traffic up; Mexico way down
U.S. and Canadian freight rail traffic saw significant gains for the week ended Feb. 4, 2017 and for 2017’s first five weeks, the Association of American Railroads (AAR) reported Feb.…
New Orleans Public Belt for sale
A private operator is being sought for the New Orleans Public Belt Railroad, which operates more than 100 miles of track connecting to six major railroads in the Crescent City.
Virginia seeks project manager for Atlantic Gateway
Virginia is seeking a consultant to manage the rail portion of its $1.4 billion Atlantic Gateway multimodal project connecting Washington and Fredericksburg, Va.
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