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CN 2014 capex: C$2.1 billion
CN announced on Feb. 19, 2014 a capital investment plan worth approximately C$2.1 billion (US$1.9 billion) “to continue to raise network safety and efficiency, improve service, and grow the business.”…
NJT Executive Director Weinstein resigns
James Weinstein, executive director of New Jersey Transit, the nation’s third-largest public transportation agency, announced Tuesday, Feb. 18, 2014, that he has resigned effective March 2. New Jersey Governor Chris…
Jim Young, Oct. 24, 1952 – Feb. 15, 2014
Union Pacific Corp. Chairman James R. (Jim) Young, who worked his way from an entry-level finance position to Chairman, President and Chief Executive Officer, died Feb. 15, 2014 after a…
“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.
If crude by rail, why not water?
I can’t help but watch the wildfires and water shortages taking place in California and wonder if BNSF and Union Pacific, and perhaps a few of their shippers, are able…
INRD promotes Le Dune, Jonaitis
The Indiana Rail Road Company (INRD) has promoted Brian Jonaitis to Director, Sales, and Shae LeDune to Executive Assistant to the President, with new supervisory and community affairs responsibilities.
CSX, David Ragan, Front Row Motorsports re-team for 2014 Sprint Cup season
After a successful season promoting public safety around railroad tracks with David Ragan in 2013, CSX will again partner with the race-winning driver and the Front Row Motorsports’ No. 34…
CN, Province of New Brunswick reach accord on Newcastle Subdivision
CN and the Province of New Brunswick have reached an agreement to preserve rail freight service on two sections of the railroad’s Newcastle Subdivision in northern New Brunswick. CN had previously…
Savage expands crude oil logistics services in Western Canada
Savage, a provider of bundled supply chain management services for electric power generation, coal production, oil and gas, refining, agriculture, chemical, mining and manufacturing, has expanded its CBR (crude by…
Morningstar names CP’s Harrison 2013 CEO of the Year
Independent investment research provider Morningstar, Inc. has named Canadian Pacific chief executive E. Hunter Harrison as its 2013 CEO of the Year. Morningstar annually recognizes a chief executive “who exhibits…
Roadmap to oil train safety emerging
On Jan. 10, 2014, three days after a string of tank cars derailed from a CN freight train in rural New Brunswick, clean-up specialists summoned from Louisiana attached charges to…
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