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BNSF bumps capex to $6 billion for 2015
BNSF’s planned capital expenditures for 2015 will be $6 billion, another record for a company that, including next year’s amount, will have made more than $50 billion in capital investments…
Carl Van Dyke wins RAS Distinguished Member Award
The Railway Applications Section (RAS) of INFORMS (Institute for Operations Research and the Management Sciences) has named Carl Van Dyke, president emeritus and founder of MultiModal Applied Systems (now part…
BNSF's Matt Rose named to ACCCE Board
The American Coalition for Clean Coal Electricity (ACCCE) on Friday, Nov. 14, 2014 announced the election of BNSF Railway Executive Chairman Matthew K. Rose ACCCE's next chairman. James (Jim) J.…
Molitoris, Penne join OnTrackNorthAmerica board
OnTrackNorthAmerica, a 501(c)(3) non-profit that is advocating a capitalization strategy “for dramatically increasing rail utilization,” has appointed Jolene Molitoris and Leo Penne to its board of directors.
Thelen creates scholarship fund for Penn State Altoona RTE program
Penn State alumnus Gerhard A. Thelen, who retired in 2013 as Norfolk Southern Vice President, Operations Planning and Support, has created a scholarship fund for Penn State Altoona that will…
Looking for a good career? Look to the railroads
By year-end 2014, U.S. Class I railroads will have hired 45,000 employees since 2012, including an estimated 9,900 military veterans. Some 17,000 will have been hired this year, far exceeding…
Skanska venture gets LA Purple Line contract
The Skanska joint venture including Traylor Brothers, Inc. and J.F. Shea Construction has been awarded a $1.6 billion design-build contract by the Los Angeles County Metropolitan Transportation Authority (LACMTA) to…
AAR: “An enormous amount of freight”
The Association of American Railroads on Nov. 6, 2014 reported increased U.S. rail traffic for the week ending Nov. 1, 2014, for the month of October 2014, and for the…
Post-election: Railroads look OK; rail labor, Amtrak not so good
What does Senate Republican control and the largest House Republican majority since the 1940s mean for railroad reregulation, Amtrak’s future, high- and higher-speed rail, transit funding, Positive Train Control (PTC),…
BNSF: We’re ready for winter
BNSF says it will go into the 2014-2015 winter season “better prepared than ever before, especially if the U.S. experiences a return of the polar vortex. The 2013-2014 winter was…
CP Holiday Train ready to roll
Canadian Pacific’s Holiday Train program is returning to the rails for a 16th year to raise money, provide food, and promote awareness for food banks and hunger issues across Canada…
Class I CEOs diverge on the merits of mergers
During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably…
CN reports record 3Q 2014 results
CN has reported record financial and operating results for the third quarter and nine-month period ended Sept. 30, 2014.
CP + CSX: “No further talks are planned”
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
Strato honored by N.J. manufacturing industry
Piscataway, N.J.-based Strato, Inc., says it has been named New Jersey Manufacturer of the Year 2014 by NJBIZ, a business publication.
New Mexico Border Authority awards feasibility study to HNTB
The New Mexico Border Authority has selected HNTB Corp. perform a comprehensive study determining the feasibility of a new rail bypass and international rail border crossing near the Santa Teresa,…
STB asks CP to “clear ambiguities”
The Surface Transportation Board, in a decision dated Oct. 14, 2014 (Docket No. EP 724, “United States Rail Service Issues,” has asked Canadian Pacific Railway to “answer specific questions to…
CSX posts record 3Q 2014 results
CSX posted record third-quarter 2014 net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last…
What lurks behind the door Hunter Harrison opened?
At age 70, when most of his contemporaries have retired, Canadian Pacific (CP) Chairman Hunter Harrison is plotting his legacy—a seamless North American transcontinental rail duopoly initiated by his proposed…
CSX rejects CP merger proposal
Canadian Pacific has approached CSX about a merger, and CSX has rejected the proposal, according to reports in The Wall Street Journal, New York Times, Toronto’s Globe & Mail, and…
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