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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…
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…
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…
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…
AAR: Excluding coal, August carloads down only 1%
The Association of American Railroads (AAR) released August monthly figures with this nugget: Exclude coal, and the industry's carloads were down only 1% in August 2016 from August 2015, or…
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