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CSX: “More modest full-year earnings growth”
Speaking at the March 12, 2014 J.P. Morgan Aviation, Transportation and Industrials Conference in New York City, CSX Corp. Chief Financial Officer Fredrik Eliasson said the company expects full-year earnings…
Canada grain shippers, railways in a “cold” war
Clearing the autumn grain harvest from trackside elevators is a perennial occasion for ritual fist-shaking on the Canadian Prairies. Western Canadian farmers enjoy a long tradition of blaming the railways…
SPECIAL REPORT: Keeping Railroads Healthy
Railroads are operating at peak safety, profitabilty, and productivity levels. Let’s keep them that way.
Fastening system developments are ensuring track integrity, as more is demanded of rail infrastructure. Market growth for fastening systems continues to see a push from heavier and more frequent loads,…
RR Mergers sets sale of signal subsidiary
St. Louis-based RR Mergers & Acquisitions on Thursday, Feb. 27, 2014, said it has sold J&A Industries to B & B Roadway and Security Solutions.
Chinese railway interests—in Mexico?
A Mexican legislator who happens to be a member of the nation’s opposition National Action Party (PAN) has said that the Chinese government is interested in participating in the country’s…
Weather, wrecks, mechanical mayhem mar CSX, David Ragan Daytona debut
In NASCAR Sprint Cup competition at Daytona International Speedway, drivers and fans alike are always on the lookout for “The Big One,” that massive wreck-fest that takes drivers out of…
DOT issues CBR Emergency Order
The U.S. Department of Transportation (DOT) on Feb. 25, 2014 issued an Emergency Order requiring crude oil shippers to test product from the Bakken region to ensure the proper classification…
Freight railroads implement voluntary CBR safety initiatives
North America’s Class I railroads have embarked on a rail operations safety initiative that will institute new voluntary operating practices for moving crude oil by rail. The initiative, which follows…
Moorman to USCOC: “Freight rail vital to economic prosperity”
Speaking on Feb. 20, 2014 in Washington, D.C., to a U.S. Chamber of Commerce meeting on infrastructure, Norfolk Southern CEO Wick Moorman said freight railroads are “essential to driving America’s…
CN’s Mongeau to keynote RSI/CMA 2014
CN President and Chief Executive Officer Claude Mongeau will be the keynote speaker at RSI/CMA 2014 on Monday, Sept. 22 in Montréal, Québec.
Union Tank Car grows On-Site® repair capabilities
Union Tank Car Company’s network of mobile repair teams and dedicated mini shops established a new record in 2013, with well over a half-million car “touches,” including field inspections, repairs,…
Mexico to its rail franchisees: “Yanqui go home”
At the turn of the 20th century, seven-term Mexican President Porfirio Diaz is cited as having complained, “Poor Mexico, so far from God and so close to the United States.”
Mexico's stalking railway horse impacting KCS
A railway reform bill that has been approved by the lower house of Mexico’s Congress and that would impose a form of open access has had a major impact on…
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…
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