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Does zero Bakken crude for Irving Oil indicate a trend?
Irving Oil Ltd., operator of Canada’s largest crude oil refinery, has stopped importing crude oil sourced from the Bakken shale formation in North Dakota and shipped by rail in favor…
Water Train Inc. seeks test project partners
Water Train Inc., an operating unit of Modoc Railroad, has begun solicitations of private persons, companies and municipal governments to participate in the operation of a water test train.
Is rail doing enough to secure its future?
True success lies in the ability to predict future trends accurately and embrace them successfully rather than letting them adversely affect your business. The difficulty lies in making accurate predictions…
STB sets 2014 rail cost of capital at 10.65%
The Surface Transportation Board has set the rail industry’s 2014 after-tax cost of capital at 10.65%, some 6% lower than the 2013 figure of 11.32%.
CP set for superior grain service
Canadian Pacific says it “is well positioned to provide best-in-class service to western Canadian grain shippers during the 2015-2016 crop-year.”
West Coast CBR shipments stable, for now
There is “big potential” to expand crude by rail shipments to West Coast ports and to California, but building the infrastructure “has proven painstakingly slow,” writes RBN Energy LLC analyst…
NS’ Butler set to retire
Deborah H. Butler, Executive Vice President Planning and Chief Information Officer of Norfolk Southern (NS) will be retiring, effective Oct. 1, 2015, NS President and CEO Jim Squires announced August…
UP’s Fritz ascends to Chairman and CEO
Union Pacific’s board of directors elected President and Chief Operating Officer Lance Fritz Chairman, President and Chief Executive Officer, effective Oct. 1, 2015. He succeeds John Koraleski as Chairman. Koraleski…
Is Bakken CBR fading away?
Bakken crude oil hauled in unit trains may disappear by 2017, according to an analysis conducted by RBN Energy LLC.
NS absorbs second-quarter hit
“Short-term pressure,” in the words of President and CEO Jim Squires, contributed to Norfolk Southern on July 27, 2015 posting second-quarter 2015 financials with significant declines in net income, operating revenues…
CSX doubles up for Brickyard 400
The Sunday, July 26, 2015 Brickyard 400 NASCAR Sprint Cup Series race at Indianapolis Motor Speedway will have not one, but two CSX-primary-sponsored Front Row Motorsports Ford Fusions running: The…
UP posts flat second-quarter earnings
Net income of $1.2 billion, compared with 2014 net income of $1.3 billion, combined with an operating revenue decrease of 10% and an operating income down 11%, resulted in a…
Eliasson to STB: Railroads are healthy; let’s keep them that way
Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in…
AAR to STB: Rail revenue caps a terrible idea
Testifying at a July 22, 2015 Surface Transportation Board hearing on railroad revenue adequacy, the Association of American Railroads, executives from its member railroads and economic experts urged federal regulators…
CP posts record quarterly OR and net income
Canadian Pacific Railway on July 21, 2015 posted its highest-ever net income and lowest-ever operating ratio for a second quarter.
CN: Industry-low operating ratio paces a solid second quarter
Net income of C$866 million, compared with net income of C$847 million in second-quarter 2014, combined with an operating income increase of 8% and a record-low quarterly operating ratio of…
For KCS, a tough second quarter
A revenue decline in all but one commodity group, including a precipitous drop in energy revenue, resulted in a difficult second-quarter 2105 for Kansas City Southern, the railroad reported on…
KCS names Hancock EVP and Chief Marketing Officer
Kansas City Southern has named Brian D. Hancock, a veteran supply chain executive with experience in home appliances, trucking, fast food and discount consumer products, as Executive Vice President and…
CSX sets second-quarter financial record
With quarterly operating income of more than $1 billion, an operating ratio of 66.8%, and net earnings of $553 million, CSX posted record financial results for the second quarter of…
AARS offers scholarship for railway management course
The American Association of Railroad Superintendents (AARS) has announced a call for applications for the Michigan State University Railway Management Certificate Course Scholarship sponsored by Progress Rail Services.
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