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Cowen shipper survey: Price increases expected
Shippers expect a 2.9% price increase from the railroads over the next 6-12 months, according Cowen and Company’s Second-Quarter 2016 Rail Shipper Survey (downloadable from the link below).
CSX releases coal-impacted second quarter earnings
CSX on July 13th announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of…
LRIW now accepting nominations for 2016 Member of the Year
The League of Railway Industry Women (LRIW) on July 12 opened nominations for its "Outstanding Member of the Year" award.
FEC: Big trains, big ships
The panamax era has begun in Miami, and Florida East Coast Railway (FECR) stands ready to handle intermodal containers from the Pacific Rim arriving on the gargantuan ships via the…
CP: Moving grain with an Item 6
Canadian Pacific’s Crowsnest Subdivision is busy with grain trains as prairie elevators are cleared to accept the coming harvest. CP has been pairing trains through the subdivision by giving two…
Labor’s not-so-smart gamble on FRA
News items: A convoy of self-driving trucks recently traversed Europe. Driverless trucks are undergoing public-road testing in California and Nevada. And Transportation Secretary Anthony Foxx supports development of vehicles “that…
Transdev wins Detroit tram contract
Transdev North America announced on June 30 that it has been awarded a $15.5 million contract by M1-Rail to operate and maintain Detroit's first modern tram line.
Lor joins WSP | Parsons Brinckerhoff as rail projects manager
Rik Lor will manage the delivery of rail projects as a senior engineering manager in the transit & rail technical excellence center of WSP | Parsons Brinckerhoff, the global engineering…
CN appoints Mike Cory as chief operating officer and Ghislain Houle as chief financial officer
Luc Jobin, incoming president and chief executive officer of CN announced on June 27th the appointments of Mike Cory as executive vice-president and chief operating officer, and Ghislain Houle as…
Mosseri joins Parsons as VP and New York region Business Development Manager
Parsons announced that Gill Mosseri recently joined the corporation as Vice President and New York Region Business Development Manager for its Infrastructure business unit (BU).
UIC's Loubinoux awarded BIC's global rail freight honor
The Bureau International des Containers (BIC) announced on June 23 that Jean-Pierre Loubinoux, General Director, International Union of Railways, (UIC) has won the 2016 BIC Award.
FRA faults bolts, brakes and UP in June 3 crude oil derailment
The Federal Railroad Administration on June 23, 2106 released its preliminary findings on the June 3 Oregon crude oil derailment and found at fault: bolts, brakes and Union Pacific.
Time again to reason together
At a time when polemics is delivering knockout blows to civil discourse and collaboration, a 78-year-old former amateur boxer—still punching above his weight—has advice on peaceful dispute resolution that lawmakers,…
Grain gain helps offset coal and crude crash
In reporting U.S. rail traffic for the week ending June 18, 2016, the Association of American Railroads noted a large increase in grain shipments that partially offset substantial losses in…
Canadian Pacific: “A chill from up North”
Canadian Pacific on June 21, 2016 provided an earnings outlook for the year’s second-quarter “due to lower-than-anticipated volumes in bulk commodities, such as grain and potash, the unexpected and devastating…
Jason Seidl: A look ahead to the second quarter
As the industry continues to weather the current economic storm, Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl offers the following analysis:
STB initiates proceeding to expedite rate cases
The Surface Transportation Board (STB) issued an Advanced Notice of Proposed Rulemaking (ANPR) on June 15, 2016 outlining measures to expedite its handling of rate cases.
CSX tops for IT employment
For the fourth consecutive year, CSX was named one of IDG Computerworld’s Best Places to Work in IT, ranking number 41 among large organizations.
Savoy of CN named 2016 TMSA Marketing Executive of the Year
The Transportation Marketing & Sales Association (TMSA) named Marie-Chantal Savoy, director of marketing innovation at CN, the 2016 TMSA Marketing Executive of the Year.
Mongeau stepping down at CN
Citing health reasons, CN President and Chief Executive Officer Claude Mongeau will step down on June 30, 2016. Executive Vice President and Chief Financial Officer Luc Jobin will succeed him.
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