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AAR: Total weekly U.S. rail traffic down 5.1%
The Association of American Railroads (AAR) reported total weekly U.S. rail traffic for the week ending September 17, 2016 was 537,904 carloads and intermodal units, down 5.1% compared with the…
Guido De Ciccio retires from CP
Canadian Pacific announced that Guido De Ciccio, Senior Vice-President, Operations Western Region, is retiring from CP after four decades of dedicated service.
Expanded random drug testing, of course—with a few changes
Federal Railroad Administration data says the percentage of rail workers who tested positive in random drug tests increased to 0.53% in 2015 from 0.37% in 2014, following five years of…
BNSF General Counsel Shewmake joins Thompson & Knight
The law firm Thompson & Knight LLP announced September 14 that Charles W. Shewmake has joined the firm as a partner in the Trial Practice Group. Prior to joining Thompson…
AAR weekly traffic report: grain up as much as petroleum down
The Association of American Railroads (AAR) reported for the week ending September 10, 2016, total U.S. weekly rail traffic was 482,894 carloads and intermodal units, down 5.4% compared with the…
STB: Four Class I's revenue-adequate in 2015
The Surface Transportation Board (STB) on Sept. 8, 2016 announced its annual determination of revenue adequacy for U.S. Class I freight railroads for 2015. Of the "Big Seven" (five U.S.…
CFO change at CP
Canadian Pacific announced Sept 8, 2016 that Executive Vice President and Chief Financial Officer Mark Erceg has resigned, effective immediately, to join a U.S. company. Nadeem Velani has been appointed…
"Commentary remains cautious"
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway…
CSX updates third-quarter guidance
CSX Corporation Executive Vice President and Chief Financial Officer Frank Lonegro updated investors and analysts on Sept. 7, 2016 at the Cowen and Company 9th Annual Global Transportation Conference in…
AAR: Excluding coal, August carloads down only 1%
The Association of American Railroads (AAR) released August monthly figures with this nugget: Exclude coal, and the industry's carloads were down only 1% in August 2016 from August 2015, or…
Elliott to Congress: Revenue adequacy will have to wait
In a Sept. 1, 2016 monthly progress report letter to the Senate Commerce Committee, House Transportation & Infrastructure Committee, Senate and House transportation appropriations committees and all relevant subcommittees, Surface…
Ackman bails from CP board
Approximately one month after billionaire hedge fund manager Bill Ackman dumped all his shares in Canadian Pacific Railway Ltd. and walked away with an estimated $1.5 billion to pursue other…
Hillary and Trump, are you paying attention to us?
Hey, Mr. Trump! Yeah you! The guy with the odd orange hairdo. You interested in supporting an American industry that invests billions of private capital, building worthwhile things, instead of…
STB dysfunction menaces revenue adequacy
If you think a theater of the absurd is limited to presidential candidates less popular than the Grinch who stole Christmas, you’re missing Surface Transportation Board (STB) dysfunction where Chairman…
Houfek from CSX to DCLI
Direct ChassisLink, Inc. (DCLI) announced that Ryan Houfek has joined the firm as Senior Vice President, Business Development.
CP voices support for expanding LVVR
Canadian Pacific announced Aug. 25, 2016 that it “welcomes the release of the full proceedings from the Canadian Transportation Safety Board’s (TSB) recent Transportation Safety Summit and urges government officials…
INRD, Venture Logistics inaugurate intermodal warehouse
The Indiana Rail Road (INRD) and Venture Logistics on Aug. 24, 2016 officially opened the new Venture Rail Warehouse, decribed as “the first rail-served mega-warehouse constructed in Marion County in…
CDPQ reaches Montreal track agreement with CN
Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ) Infra has reached an agreement with CN to purchase infrastructure for its planned 41.5-mile (67 km) Metropolitan Electric Network…
CN, ADM and Midwest Inland Port grow intermodal in Decatur, Ill.
Archer Daniels Midland Company and the Midwest Inland Port announced August 23 that their collaborative logistics and marketing efforts are driving increased container shipments over ADM's privately owned intermodal ramp…
AAR: Grain gains, motor vehicle moves up, oil and coal decline
The Association of American Railroads (AAR) reported for the week ending August 20, 2016, total U.S. weekly rail traffic was 531,484 carloads and intermodal units, down 6.4% compared with the…
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