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2014 TRAFFIC AND SPENDING OUTLOOK: A capital year for suppliers
2013 has been a record year for the railroads, “a very robust and challenging year for growth and re-investment,” in the words of BNSF chief executive Matt Rose. The indications…
CP appoints Demosky as Exec VP, CFO
Canadian Pacific has announced that Bart Demosky has been appointed Executive Vice-President and Chief Financial Officer, effective Dec. 28, 2013.
UP renews share repurchase program ahead of schedule
Union Pacific’s Board of Directors on Thursday, Nov. 21, 2013, approved the early renewal of its share repurchase program, authorizing repurchase of up to 60 million common shares by Dec.…
NS achieves best-ever CDP score
Norfolk Southern said Wednesday, Nov. 20, 2013, it has achieved its best-ever score in CDP (Carbon Disclosure Project) reports that grade large U.S. and global companies on how well they…
UP to grain customers: We can handle it
Union Pacific shipped an all-time-high number of grain trains to the Pacific Northwest in October 2013, and says it is poised to help its customers take advantage of a record…
KCS revamps operations department
Kansas City Southern announced the reorganization of several operations department functions late Friday, Nov. 15, 2013.
U.S. energy independence—with the railroad industry’s help
Largely based upon increasing output from shale formations, the United States will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy…
CP Holiday Trains ready to roll
Canadian Pacific’s annual Holiday Train program, now in its 15th year, is one of the longest-running fundraising programs in North America. Each 1,000-foot Holiday Train—one operating in Canada, one in…
STB decision upholds federal preemption of state statutes
The Surface Transportation Board has ruled that claims filed against Norfolk Southern in certain Virginia state court lawsuits are preempted by federal law. STB, in “NORFOLK SOUTHERN RAILWAY COMPANY—PETITION FOR…
Destination America: The Alaska Railroad
The television network “Destination America,” which is part of the Discovery Communications group of networks (TLC, Animal Planet, etc.), will be premiering a new series, “Railroad Alaska,” on Saturday, Nov.…
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