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Employment up year-over-year, past month
Figures released by the Surface Transportation Board show Class I railroads employed 162,766 people in mid-November, up 1.65% from November 2011, and up 0.20% from October 2012.
The supply side: We’re always dodging rain clouds
Railway suppliers are a resilient and optimistic bunch. They know that if times are tough, a better day will come. Over 1,300 railroaders and suppliers attended the September 2012 RSI/CMA…
Wall Street view: Stuck in neutral?
Looking ahead to 2013, we find the same central question facing us that we have over the past few years, and that is what the economic environment will look like.…
2013 Freight Rail Outlook: The challenge of change
Resilience and resourcefulness are two terms that have become closely associated with North American railroads in recent years. The industry has emerged from the worst economic recession since the Great…
Progress Rail acquires welding company
Progress Rail Services, a wholly owned subsidiary of Caterpillar Inc., said Tuesday it has purchased mobile welding assets from RibbonWeld LLC, a rail welding company based in Springfield, Mo.
CP, Teamsters Canada workers reach accord
The Teamsters Canada Rail Conference-Maintenance of Way Employees Division (TCRC-MWED), representing 2,600 maintenance of way workers, and Canadian Pacific reached a tentative historic five-year contract settlement, CP announced Tuesday.
Greenbrier Cos. tapped by Statoil
The Greenbrier Companies, Inc. said Monday it has been selected by energy provider Statoil Marketing and Trading (US), Inc. "to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet…
CP’s Harrison: A “mid-60s” operating ratio by 2016
At an investor conference in New York on Tuesday, Dec. 4, Canadian Pacific’s recently installed President and CEO E. Hunter Harrison outlined his plan for taking the railroad out of…
CP scraps PRB buildout, will take 4Q write-down
When Canadian Pacific acquired the Dakota Minnesota & Eastern railroad in 2007, it also acquired the option to build a 260-mile extension of DM&E’s network into Powder River Basin coal…
Siemens to acquire Invensys Rail
Invensys announced late Wednesday it will sell Invensys Rail to Siemens AG for $2.8 billion.
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