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CSX weathers tough first quarter
Impacted by lower volume, CSX posted first-quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of…
Jason Seidl: Pricing expectations slow
Rail price increases will come at a slowing rate over the next 6-12 months, says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. This…
See ya later, what’s-your-name
Well, it’s all over but the ruminating and regurgitating: Hedge fund king Bill Ackman had his blinders ripped off, read the handwriting on the wall, and wisely deep-sixed his attempt…
CP, Ackman call it quits
On Monday, April 11, 2016, Canadian Pacific Railway Ltd. terminated its efforts to merge with Norfolk Southern Corp.. This includes “withdrawal of a resolution asking NS shareholders to vote in…
DOJ, DOD oppose CP-NS combination
The Surface Transportation Board, in seeking comments addressing Canadian Pacific’s petition for an expedited declaratory order, has received letters from the U.S. Department of Justice and the Department of Defense-United…
CSX honors 78 customers with Chemical Safety Excellence Awards
CSX Corp. on April 6, 2016 announced the recipients of its 22nd annual Chemical Safety Excellence Award, recognizing 78 customers for their commitment to the safe transportation of hazardous materials…
Conrail at 40: An experiment that worked
April 1, 1976 was a watershed day in U.S. railroading history. On that day, Consolidated Rail Corp., better known as Conrail, began operating under the auspices of the U.S. government…
Thurston named VP at WSP | Parsons Brinckerhoff
David Thurston has been named a Vice President and National Technical Director within the transit and rail technical excellence center of WSP | Parsons Brinckerhoff, the company announced April 4,…
RBN Energy: CBR to California "drying up"
Crude by rail (CBR) shipments to California oil refineries have dwindled to a trickle, compared to their December 2013 peak, according to RBN Energy LLC analyst Sandy Fielden.
The day Rollin Bredenberg (and I) changed the course of railroading
April 2016 will be remembered decades from now as the month when Rollin Bredenberg retired as V.P., Capacity Planning & Operations Research at BNSF Railway.
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