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RDC’s Posner: “Europe needs cooperation as much as it needs competition”
In a forum at the May 21, 2014 OECD (Organisation for Economic Co-operation and Development) International Transport Forum in Leipzig, Germany, Railroad Development Corp. Chairman Henry Posner III said that…
Union boss may have LIRR in checkmate
This is about the Long Island Rail Road. It’s about a dispute over wages and benefits. It’s about politics that have a stereotypically anti-labor House Republican majority poised to line…
TransCanada looks to rail as pipeline alternative
TransCanada Corp., whose Keystone XL pipeline project has been stalled by politically related delays, is in discussions with customers about shipping Canadian crude to the U.S. by rail as an…
LIRR strike probability increases
New York's Metropolitan Transportation Authority (MTA) is signaling its willingness to endure a strike by Long Island Rail Road employees, following a non-binding Presidential Emergency Board (PEB) decision seemingly favoring…
Two unions ponder SEPTA strike
Engineers employed by SEPTA's regional rail operations plan to vote on authorizing a strike against the five-county authority, the national office of the Brotherhood of Locomotive Engineers and Trainmen said…
New roles for Wabtec’s Neupaver, Betler
Wabtec Corp. has named Albert J. Neupaver Executive Chairman and promoted Raymond T. Betler to President and CEO, effective May 14, 2014. Betler was also appointed to the Wabtec Board…
Managing the lineup
Strategic business plans aligned with a strategic technology plan can provide more-effective interchange data and traffic control processes.
Class action suit targets KCS
Kansas City Southern appears to have become the target of shareholder class action, including from a law firm claiming the Class I railroad "and certain of its executive officers made…
BNSF's best days are just ahead
If recent reports published by Railway Age and others regarding BNSF's clogged network have managed to discourage any shipper or industry-related investor, I have news that might brighten their outlook.
CP extends CEO Harrison's contract
Canadian Pacific Railway said Wednesday, May 7, 2014, it had agreed to a contract extension with CEO E. Hunter Harrison, adding a year to his term, which will now run…
RSI Scholarship deadline one month away
The Railway Supply Institute (RSI) said Monday, May 5, 2014 that its RSI scholarship program deadline is May 31.
Gary Colter named new CP chairman
Canadian Pacific Railway announced Thursday, May 1, 2014, the election of Gary F. Colter as chairman of the company's Board of Directors.
Prendergast fires Williams as LIRR president
Long Island Rail Road President Helena Williams is the latest casualty in a series of sweeping changes New York Metropolitan Transportation Authority Chairman Thomas F. Prendergast has been making since…
UTU-SMART, BLET to take two-person crew laws to the state level
As part of their ongoing effort to secure a law mandating a minimum of two crew members in all locomotive cabs, the Brotherhood of Locomotive Engineers and Trainmen (BLET) and…
AAR: North American carloads flat, intermodal up
Combined North American rail volume for the first 16 weeks of 2014 on 13 reporting U.S., Canadian, and Mexican railroads totaled 5,898,862 carloads, flat compared with the same point last…
Basin Transload, BNSF to connect with Tesoro oil facility via new pipeline
Basin Transload LLC, a 60%-owned subsidiary of logistics and marketing company Global Partners LP that transloads crude oil to BNSF, has executed a pipeline connection agreement with Tesoro High Plains…
Class I employment registers modest monthly gain
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-March 2014 rose 0.40%, to 162,968, from the same period in February 2014, and registered…
For Norfolk Southern, a difficult first quarter
Coal volume and revenue that dropped 15% and 13%, respectively, in 2014’s first quarter were largely responsible for Norfolk Southern reporting lower net income and operating revenues and a slightly…
CN toughs out a challenging first quarter
“The winter of a lifetime,” as described by CN President and CEO Claude Mongeau, bumped up CN’s first-quarter 2014 operating expenses and ratio compared to the year-ago quarter, but despite…
For CP, a record first-quarter 2014
With net income of C$254 million or C$1.44 per diluted share, Canadian Pacific has posted “the best first quarter financial results in company history,” Chief Executive Officer E. Hunter Harrison…
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