Railroad officers attending the JP Morgan Transportation conference in New York Wednesday expressed optimism that the slide in railroad traffic has been arrested, but in their presentations expressed deepening concern that re-regulation sentiment is growing in Congress and could slow railroad recovery.
Christine Barney, a former Federal Trade Commissioner who has been nominated by President Obama to be the chief antitrust enforcement officer at the Department of Justice, thinks legislation to take away the railroads' remaining antitrust exemptions is "terrific."
Montana House Bill 422, advanced by those seeking to weigh down short line Tongue River Railroad’s efforts to extend its right-of-way to coal deposits, has stalled. The bill, backed by some state landowners and by environmentalists, seeks to make eminent domain procedures more difficult.
Montana House Bill 422, advanced by those seeking to weigh down short line Tongue River Railroad’s efforts to extend its right-of-way to coal deposits, has stalled. The bill, backed by…
The Northeast States for Coordinated Air Use Management (NESCAUM), in partnership with the Providence & Worcester (P&W) Railroad, will install auxiliary power units on 17 locomotives built between 1969 and 1988. Designed to reduce unnecessary idling, the new units will cut the amount of particulate matter (PM) and nitrogen oxides (NOx) released into the air. Reducing fuel consumption will also reduce carbon dioxide emissions by approximately 1,700 tons per year.
The Senate Judiciary Committee Wednesday reported a bill aimed at eliminating the railroads' limited antitrust exemption. The Association of American Railroads said the effort "could alter economic oversight of the railroads."
Canadian Pacific subsidiary Dakota, Minnesota and Eastern Railroad can proceed with a $6 billion plan to extend rail right-of-way 262 miles west of Wall, S.D., to Wyoming’s Powder River Basin coal fields, the South Dakota Transportation Commission ruled Wednesday.
Canadian National and West Chicago, Ill., have come to terms on CN’s operations over the Elgin, Joliet & Eastern Railway, which CN acquired in January. West Chicago will accept CN’s commitment to $1.8 billion in improvements on the line to reduce the impact of the anticipated frequency increase on the EJ&E.
Canadian National has filed an appeal in U.S. federal court challenging a mandate issued by the Surface Transportation Board that it pay the majority of costs for two rail crossing upgrades on the Elgin, Joliet & Eastern Railway Co., which it acquired in January for $300 million.
Mexico’s Federal Competition Commission (Cofeco) has fined two domestic rail companies a total of $27 million for monopolistic practices, according to Mexico City-based Reforma.com.