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CP achieves key labor settlements
Canadian Pacific late Wednesday announced two labor settlements that E. Hunter Harrison, president and CEO, said puts the railroad "in a very good position to continue the work of being an…
Employment up year-over-year, past month
Figures released by the Surface Transportation Board show Class I railroads employed 162,766 people in mid-November, up 1.65% from November 2011, and up 0.20% from October 2012.
The supply side: We’re always dodging rain clouds
Railway suppliers are a resilient and optimistic bunch. They know that if times are tough, a better day will come. Over 1,300 railroaders and suppliers attended the September 2012 RSI/CMA…
Wall Street view: Stuck in neutral?
Looking ahead to 2013, we find the same central question facing us that we have over the past few years, and that is what the economic environment will look like.…
2013 Freight Rail Outlook: The challenge of change
Resilience and resourcefulness are two terms that have become closely associated with North American railroads in recent years. The industry has emerged from the worst economic recession since the Great…
Progress Rail acquires welding company
Progress Rail Services, a wholly owned subsidiary of Caterpillar Inc., said Tuesday it has purchased mobile welding assets from RibbonWeld LLC, a rail welding company based in Springfield, Mo.
CP, Teamsters Canada workers reach accord
The Teamsters Canada Rail Conference-Maintenance of Way Employees Division (TCRC-MWED), representing 2,600 maintenance of way workers, and Canadian Pacific reached a tentative historic five-year contract settlement, CP announced Tuesday.
Greenbrier Cos. tapped by Statoil
The Greenbrier Companies, Inc. said Monday it has been selected by energy provider Statoil Marketing and Trading (US), Inc. "to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet…
CP’s Harrison: A “mid-60s” operating ratio by 2016
At an investor conference in New York on Tuesday, Dec. 4, Canadian Pacific’s recently installed President and CEO E. Hunter Harrison outlined his plan for taking the railroad out of…
CP scraps PRB buildout, will take 4Q write-down
When Canadian Pacific acquired the Dakota Minnesota & Eastern railroad in 2007, it also acquired the option to build a 260-mile extension of DM&E’s network into Powder River Basin coal…
Siemens to acquire Invensys Rail
Invensys announced late Wednesday it will sell Invensys Rail to Siemens AG for $2.8 billion.
Judge rejects latest quest to halt St. Paul LRT
Construction of St. Paul, Minn.'s Central Corridor light rail line can continue, a federal judge has ruled, turning aside protests from the St. Paul NAACP and the city's Rondo neighborhood.
Kansas City streetcar RFP draws interest
Efforts to establish a streetcar in Kansas City, Mo., has drawn interest from two companies, both of which filed expressed interest prior to the city's Nov. 21 deadline.
Sandy helps drive truck tonnage down
Hurricane Sandy was partly responsible for driving intercity truck tonnage down an estimated 3.8% in October. after a decline of 0.4% in September.
Rail employment rises for month and year
Total Class I railroad employment reached 162,443 in October, 1.37% higher than in October 2011 and a gain of 0.74% over September 2012.
United Steelworkers, CP strike five-year agreement
Canadian Pacific and the United Steelworkers (USW) Local 1976, which represents approximately 800 clerical and intermodal workers, have entered into a five-year agreement effective Jan. 1, 2013. The current contract…
BNSF's Lanigan to retire, railroad names three VPs
BNSF named Steve Bobb executive vice president and chief marketing officer, with responsibility for BNSF's sales, marketing, customer service, economic development and business unit activities. He succeeds John Lanigan, who…
Kansas City streetcar proposal receives funding, FTA environmental approval
The Kansas City streetcar proposal has received funds from the Mid-America Regional Council's (MARC) Board of Directors totaling $ 17.7 million.
Seattle secures funding to design First Hill Streetcar line's Broadway Extension
Seattle, Wash., has secured funding to plan and design the First Hill Streetcar line's Broadway Extension.
QR National hires two North Americans
Australian railroad QR National Ltd. (QRN) has appointed two new senior executives to the company's management team, both with extensive experience in the North American railway industry.
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