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Cowen: First-quarter surveys cautiously optimistic
Cowen and Company’s First-quarter Rail Shipper and Rail Equipment Surveys indicate general optimism about a business environment that appears to be recovering and is “slightly positive” for railroads, say Managing…
Corpus Christi port scrubs container terminal plans
The Port of Corpus Christi has cancelled plans to build a new container terminal that would have included on-dock rail service.
Greenbrier beats Q2 estimates, extends car lease agreement with MUL
Railcar builder Greenbrier Companies reported sales and earnings that beat estimates, and announced a new railcar lease agreement worth more than $1 billion.
Rail traffic sees big boost
U.S. rail traffic totaled 526,471 carloads and intermodal units for the week ending March 25, 2017, up 12% compared with the same week last year, the Association of American Railroads…
AAR to Trump Administration: “Proceed with caution”
I have stressed many times in this blog, and in my monthly magazine columns—at times in harsh terms that may have offended some people who, for reasons I can’t quite…
Trump should move infrastructure ahead, says NS AVP
The Trump administration should make infrastructure investment a priority, a Class I railroad executive told a U.S. port conference.
CN partners on Duluth intermodal container terminal
CN and Duluth Cargo Connect announced a new alliance establishing the first rail-served intermodal container ramp in the Twin Ports of Duluth, Minn., and Superior, Wisc.
Ferromex dealing for Florida East Coast Railway
Just weeks after acquiring Florida East Coast Industries (FECI), parent of Florida East Coast Railway (FECR), a Japanese hedge fund is close to a deal to sell the regional carrier…
CN, TFI renew agreement for intermodal service
Canadian National and motor carrier TFI International are renewing their collaboration to grow domestic intermodal business in markets across Canada.
AAR: Traffic on the mend; safety continues upward trend
Rail freight traffic continues to recover this year, and the industry posted its safest year on record last year, the Association of American Railroads (AAR) reported on March 22. Coal…
February containers surge at Georgia ports
The Georgia Ports Authority saw its busiest February for total cargo, moving 2.94 million tons across all docks in February, up 10% from the same month in 2016, and second…
Canadian Pacific, intermodal union in pact
Canadian Pacific and the United Steelworkers Local 1976 reached a tentative five-year labor agreement covering approximately 600 administrative support and intermodal employees in Canada.
Trump budget: Reduce Amtrak, FTA New-Starts; kill TIGER grants; privatize air traffic control
Eliminating Amtrak’s long-distance trains, curtailing the FTA’s New-Starts program, eliminating the TIGER (Transportation Investment Generating Economic Recovery) discretionary grant program, and privatizing the FAA air traffic control system are among…
Rail freight traffic—including coal—registers another gain
The Association of American Railroads (AAR), in reporting U.S. rail traffic for the week ending March 11, 2017, noted that total U.S. weekly rail traffic was 510,638 carloads and intermodal…
Railway Age honors Prendergast as Railroader of the Year
Former New York MTA Chairman and CEO Tom Prendergast was honored as Railway Age’s 54th Railroader of the Year at a dinner of the Western Railway Club on March 14…
MSU RMCP offers two seminars
The Railway Management Certificate Program (RMCP) at the Michigan State University Eli Broad College of Business is offering two new short seminars for key management issues and opportunities facing the…
Schneider, CSX re-up with multi-year deal
Intermodal and transport provider Schneider and CSX have signed a new multi-year agreement.
Railroads outpace all U.S. infrastructure in new report card
American railroads earned a grade of B for infrastructure while the rest of the U.S. sectors got a barely-passing D+ in the latest report card from the American Society of…
Record turnout for Railroad Day in Washington
WASHINGTON, D.C. – A record number of railroaders, suppliers, and customers on March 2 converged on the Capitol for the annual lobbying event known as Railroad Day to meet Congressional…
Rod Case at REF 2017: "Try to do more than just run good trains"
Oliver Wyman Partner Rodney Case delivered a thought-provoking address March 6 at Rail Equipment Finance 2017 on the future of North America’s rail industry.
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