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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…
For Union Pacific, a strong first quarter
Union Pacific on April 17, 2014 reported 2014 first quarter net income of $1.1 billion, or $2.38 per diluted share, compared to $957 million, or $2.03 per diluted share, in first-quarter…
WTS International touts 2014 Scholarship winners
WTS International, the association for the professional advancement of women in transportation, announced the selection of the winners of its seven scholarships for 2014 on Monday, April 14, 2014.
Mongeau continues assault on “intrusive re-regulation”
“Intrusive re-regulation of railways alone will not increase rail volumes of grain, now or in the future,” CN President and CEO Claude Mongeau said in an address to the Winnipeg…
Intermodal leads weekly traffic gains
The Association of American Railroads (AAR) on April 10, 2014 reported increased U.S. rail traffic for the week ending April 5, 2014 with 296,039 total U.S. carloads, up 5.4% compared…
AAR responds to service questions raised at STB hearing
Following an April 10, 2014 Surface Transportation Board hearing on railroad service issues, the Association of American Railroads issued a statement in response to questions that have been raised.
AAR announces new Silver Associate Member, Railroad Facts availability
Girard Equipment Inc. has joined the Association of American Railroads as a new Silver Associate Member.
Cozzi named Railhead VP Sales & Marketing
Alsip, Ill.-based Railhead Corp. said Monday, April 7, 2014 Fred Cozzi has been hired as Vice President Sales & Marketing.
SP 4449 readied for another 15 years of service
For the past four decades, former Norfolk & Western and Southern Pacific locomotive engineer Doyle McCormack has coddled the most familiar steam locomotive operating in North America.
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