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Buffett praises Matt Rose leadership
If 81-year-old Warren Buffett has a short list of candidates to succeed him as head of Berkshire Hathaway, he did not directly allude to it in his annual message to shareholders, released…
New oil-gas rail terminal on tap for Texas
Kinder Morgan Energy Partners, L.P. and Martin Midstream Partners L.P. have formed a joint venture, Pecos Valley Producer Services LLC, to develop a rail terminal in Pecos, Tex., to serve…
RailAmerica, RMI sign software pact
Atlanta-based RMI Wednesday said it has reached a five-year agreement with RailAmerica, Inc. for the implementation of RMI's ExpressYard Car Repair Billing (CRB) and Operations Management Software System.
NS taps two for clean renewable diesel supply
Norfolk Southern said Tuesday that two fuel suppliers, Dynamic Fuels, LLC and Mansfield Oil Co., have signed an agreement to supply renewable diesel to the Class I railroad.
RailComm aids Indiana Railroad facility
Fairport, N.Y.-based RailComm said Monday it has been selected to provide a wireless remote control derail system for Indiana Railroad Co.'s facility in Jasonville, Ind.
Austin’s Cap Metro ponders Saturday service
Austin, Tex., may soon get weekend passenger rail service on its Red Line, if details with Capital Metro can be ironed out.
GWI reports 4Q, full-year earnings gain
Greenwich, Conn.-based Genesee & Wyoming Inc. on Wednesday reported fourth-quarter net income $33.3 million, compared with net income of $19.9 million in the fourth quarter of 2010. GWI's diluted earnings…
Thales Group lands Singapore signaling contracts
Neuilly-sur-Seine, France-based Thales Group said Monday it had landed a contract with Singapore’s SMRT Corp. Ltd.to supply its SelTrac Communications-Based Train Control (CBTC) to resignal SMRT’s North-South and East-West rail…
U.S. weekly freight traffic called “mixed”
U.S. freight carload traffic for the week ending Jan. 28, 2012 was down 2.8% compared with the fourth week of 2011, the Association of American Railroads said Thursday. By contrast,…
CP increases crude oil shipments
Canadian Pacific announced it is now shipping crude oil by rail from a new transload facility near Lloydminster, Sask. CP said the facility is a facility is a key enhancement…
Improvements spur PATH to ridership record
The bistate, trans-Hudson PATH rail system rolled to a record ridership 76.6 million trips in 2011, an achievement that the Port Authority of New York & New Jersey notes followed…
December employment up 3.44% from year ago
U.S. Class I railroads employed 159,717 workers in mid-December 2011, up 3.44% from a year earlier, though off 0.25% from November due to a seasonal drop in track maintenance employees.
Safety: A collaborative process
The FRA and the AAR’s Safety Appliance Task Force have joined forces to improve these safety-critical pieces of hardware. The FRA recently amended regulations related to safety appliance arrangements on…
Three more unions ratify freight railroad agreements
Members of three more unions have ratified new contracts with U.S. freight railroads, it was announced Tuesday.
RailComm upgrades BNSF Chicago yard
Fairport, N.Y.-based RailComm said Monday it has upgraded its existing yard system at BNSF Corwith’s mechanical facility in Chicago.
2012 RAILROADER OF THE YEAR: Dave Starling, making the right connections
When you talk with Kansas City Southern President and CEO David L. Starling about how KCS, the smallest Class I in mileage, has extended its reach and developed new frontiers,…
At Norfolk, NS breaks coal transload mark
Norfolk Southern said it has loaded the largest volume cargo in the history of its Pier 6 coal transloading facility at Lamberts Point in Norfolk, Va. Early on Jan. 12,…
The classification yard is arguably the most complex operation on a railroad. Despite the growth in unit trains, breaking up and reconfiguring trains—blocking and tackling—remains one of the basics of…
MBTA weighs rail service operating options
Massachusetts Bay Transportation Authority has begun pondering its next contract for operations of its regional (“commuter”) services in the Bay State and neighboring Rhode Island, estimated to be worth $300…
2011 Outlook: Investing for growth
Strong earnings spur railroads to build capacity and productivity. If one word could define the thrust of railroad capital spending on improvements, it would be "growth"—growth in capacity, growth in…
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