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UP: Fritz succeeds Koraleski; capex set at $4.3 billion
Lance Fritz has succeeded Jack Koraleski as President and Chief Executive Officer at Union Pacific effective immediately, and was also elected to the railroad’s board of directors. Koraleski is now…
Can Sen. Thune mediate a rail/shipper cease-fire?
Could it be that Republicans in control of Congress might facilitate an end to three decades of productivity sapping legislative fisticuffs between railroads and self-proclaimed captive shippers over an appropriate…
AAR: VanderClute retires; Rush takes up the safety reins
Association of American Railroads Senior Vice President of Safety & Operations Robert VanderClute, a 44-year career railroader, has retired after 12 years with the organization. He is succeeded by Michael…
CP’s Harrison calls Ag Transport Coalition initiative “disingenuous”
Canadian Pacific says it is “appalled” that the Ag Transport Coalition, a government-funded group, “can claim it is trying to enhance ‘the competitiveness of the agricultural supply chain,’ but not…
NS Roanoke offices to close
Norfolk Southern on Jan. 27, 2015 said that it will close its Roanoke office building at 110 Franklin Road SE later in the year and relocate the functions currently housed…
UP employees set safety record
Union Pacific’s 2014 employee safety performance, a 0.98 reportable injury rate, was the best in the railroad’s history, surpassing the previous record established in 2012, and an 11% reduction from…
Record quarter, year for Norfolk Southern
Norfolk Southern posted record financial results for the fourth quarter of 2014 and for the entire year, and dropped its operating ratio to below 70%. The railroad also announced a…
Metra postpones on-board purchase penalty rise
Chicagoland's Metra said Friday, Jan. 23, 2015 it will postpone a plan to increase the penalty for onboard ticket purchases until mobile ticketing capability is activated unveiled later this year.
Cold Train owner sued for loan default
Farmington Hills, Mich.-based Federated Railways, Inc. owner Louis Ferris, in a statement released Friday, Jan. 16, 2015 said he has filed a lawsuit against Michael Lerner, the owner of Rail…
BNSF outlines $6 billion capex plan
BNSF on Jan. 15, 2015 announced details about the major capital projects it plans to complete in 2015 to maintain and grow its rail network.
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