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CSX weathers tough first quarter
Impacted by lower volume, CSX posted first-quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of…
Jason Seidl: Pricing expectations slow
Rail price increases will come at a slowing rate over the next 6-12 months, says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. This…
See ya later, what’s-your-name
Well, it’s all over but the ruminating and regurgitating: Hedge fund king Bill Ackman had his blinders ripped off, read the handwriting on the wall, and wisely deep-sixed his attempt…
CP, Ackman call it quits
On Monday, April 11, 2016, Canadian Pacific Railway Ltd. terminated its efforts to merge with Norfolk Southern Corp.. This includes “withdrawal of a resolution asking NS shareholders to vote in…
DOJ, DOD oppose CP-NS combination
The Surface Transportation Board, in seeking comments addressing Canadian Pacific’s petition for an expedited declaratory order, has received letters from the U.S. Department of Justice and the Department of Defense-United…
CSX honors 78 customers with Chemical Safety Excellence Awards
CSX Corp. on April 6, 2016 announced the recipients of its 22nd annual Chemical Safety Excellence Award, recognizing 78 customers for their commitment to the safe transportation of hazardous materials…
Conrail at 40: An experiment that worked
April 1, 1976 was a watershed day in U.S. railroading history. On that day, Consolidated Rail Corp., better known as Conrail, began operating under the auspices of the U.S. government…
Thurston named VP at WSP | Parsons Brinckerhoff
David Thurston has been named a Vice President and National Technical Director within the transit and rail technical excellence center of WSP | Parsons Brinckerhoff, the company announced April 4,…
RBN Energy: CBR to California "drying up"
Crude by rail (CBR) shipments to California oil refineries have dwindled to a trickle, compared to their December 2013 peak, according to RBN Energy LLC analyst Sandy Fielden.
The day Rollin Bredenberg (and I) changed the course of railroading
April 2016 will be remembered decades from now as the month when Rollin Bredenberg retired as V.P., Capacity Planning & Operations Research at BNSF Railway.
Luther S. Miller, Nov. 30, 1926 – March 8, 2016
Luther Sigsbee Miller, long-time Editor-in-Chief of Railway Age, died March 8, 2016. He was 89.
RBN Energy: CBR to Northwest refineries resilient
Northwest crude oil refiners are still shipping significant volumes of crude from North Dakota’s Bakken region, RBN analyst Sandy Fielden discusses in “Slow Train Coming: Crude By Rail To Northwest…
Ice accepts Railroader of the Year award; Fast Trackers honored
BNSF President and CEO Carl Ice accepted Railway Age’s 53rd annual Railroader of the Year award Tuesday, March 15, 2016 at Chicago’s Union League Club, at the traditional dinner hosted…
Decher named President of ShipCarsNow, Inc.
Union Pacific recently named Peter Decher President of ShipCarsNow, Inc., a wholly-owned subsidiary of the Class I railroad. Decher succeeds Martin Coalson who retired after a 37-year UP career.
Maybe, maybe not
All you need to know about FRA’s NPRM, Train Crew Staffing, can be found by clicking HERE. Or maybe by reading below. Your call.
Introducing Transportation and Logistics Advisors, LLC
Long-time transportation industry consultant Lee Clair has launched Transportation and Logistics Advisors, LLC, described as “management advisors with deep experience in transportation and logistics, and energy and resources.” The firm…
RBN Energy: The decline and fall of East Coast CBR
As RBN Energy LLC analyst Sandy Fielden describes in Slow Train Coming: The Decline and Fall of East Coast Crude by Rail, the economics of shipping crude oil out of…
CP+NS: STB declaratory order proceedings under way
On March 10, 2016, the Surface Transportation Board issued a decision, Docket No. FD 36004, “Canadian Pacific Railway Limited—Petition for Expedited Declaratory Order,” responding to CP’s March 2 petition, and…
STB revises SAC case procedural schedule
Railroad rate complaints that come before the Surface Transportation Board for handling under SAC (Stand-Alone Cost) case handling will be subject to “expeditious handling”—a decision rendered in no more than…
RBN Energy: Putting the brakes on Bakken crude
Increased pressure on North Dakota crude oil producers is “finally” putting the brakes on Bakken crude production, writes RBN Energy LLC analyst Sandy Fielden in Is It All Over Now?…
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