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Railway Interchange 2015
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CSX updates third-quarter and full-year 2015 expectations
CSX Chief Sales and Marketing Officer Fredrik Eliasson, formerly the company’s CFO, on Sept. 9, 2015 reviewed performance to date and updated investors on the company’s third-quarter and full-year expectations…
CSX: Munoz sheds wheels for wings; Gooden elevated to President
CSX President and Chief Operating Officer Oscar Munoz has left the railroad, effective immediately, to become President and Chief Executive Officer of United Continental Holdings, Inc., parent company of United…
Is PTC a prelude to crewless trains?
An assistant to the president of the Westinghouse Air Brake Company once said, “… let us direct our thoughts toward what would be required in the way of equipment or…
UP elevates two public affairs officers
Union Pacific has promoted two public affairs officers to new positions, effective Oct. 1, 2015. Wes Lujan has been named Vice President Public Affairs, Western Region, and Liisa Stark has…
CSX, Conservation Fund promote healthy eating
“As one of the nation’s premier transportation companies, with an important role in transporting agricultural and food-service products, CSX recognizes that there are communities across its network that lack the…
No fingerprints on NEC track grab
Here’s a mystery for you, but don’t anticipate—as in the board game, “Clue”—that it’s “Col. Mustard, in the library, with a candlestick.” The perp here is the U.S. Senate—the deed…
Introducing the NS GP33ECO
Norfolk Southern unveiled on Sept. 1, 2015 its new GP33ECO switcher locomotive during ceremonies at Inman Yard in Atlanta, Ga.
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…
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