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“Underlying rail fundamentals are very solid”
Fourth-quarter and full-year 2013 Class I financial results and accompanying railroad management commentaries have reinforced Wall Street’s favorable view of the rail sector, according to Cowen & Co. Managing Director…
CBR: CN, CP charging more for pre-CPC-1232 tank cars
CN is charger a higher rate to move crude oil in DOT-111 tank cars built prior to October 2011, when Association of American Railroads CPC (Casualty Prevention Circular)-1232 safety standards…
NS stormwater project benefits riverside communities
Communities around Norfolk, Va., and the Elizabeth River, a tributary of the ecologically important Chesapeake Bay, have benefitted from Norfolk Southern’s innovative stormwater management system at the railroad’s Lamberts Point…
UP: $3.9 billion capex, key management changes
Union Pacific has announced a capital spending plan worth $3.9 billion, and has installed Lance Fritz and Cameron Scott in new leadership positions following Jim Young’s retirement as Chairman.
The crude oil challenge
If history records 2012 as the year when modern crude by rail (CBR) came into its own, 2013 will be remembered as a time of a nearly two-fold increase in…
Flawed State Dept. report twists rail safety stats
Proponents of the Keystone XL pipeline exulted while statisticians expressed dismay at the U.S. State Department’s dramatic assertion the week of Jan. 26 that failure to approve the proposed pipeline…
BNSF 2014 capex: $5 billion
BNSF Railway on Feb. 4 announced a new single-year record capital commitment plan of $5 billion for 2014, approximately a $1 billion increase over its 2013 actual capital spend of…
NYAB aids food pantry renovation
The Watertown Urban Mission Food Pantry in upstate New York will undergo a $250,000 renovation this year, thanks to a charity established by the parent company of New York Air…
Conductors union spurns CN pact
Canadian National said Friday, Jan. 31, 2014 the Teamsters Canada Rail Conference-Conductors, Trainpersons and Yardpersons has advised the railroad that "the tentative labor agreements negotiated with the union in October…
NS opens transfer terminal in Chesapeake
Norfolk Southern has opened a new Thoroughbred Bulk Transfer (TBT) terminal in Chesapeake, Va., to serve shippers of dry and liquid bulk commodities.
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