More than 600 people have registered for the 250th meeting of the Midwest Association of Rail Shippers (MARS) that will be held January 16–18, 2018 in Lombard, Ill. The theme for the meeting is “Can Rail Pick Up Transportation Capacity Shortfall?”
Financial Edge, December 2017: Here at the Financial Edge, we always try to stay one step ahead of the news. Last month’s column on locomotive leasing means that an article discussing GE’s sale of its locomotive group will come at another time. Never fear! Interesting issues in rail will always abound.
Railcar repair and lessor The Andersons announced the retirement of Rail Group executives Rasesh Shah, president, and Vice President of Sales Charles (Chuck) Brown.
Come Feb. 1, 2018, the Railway Supply Institute (RSI) will have new leadership, as President Tom Simpson, who has spent nearly 30 years at the organization, retires. Mike O’Malley, a transportation policy expert and former Vice President, Procurement and Supply Chain Management with CSX, will succeed Simpson.
There have been four rounds of NAFTA (North American Free Trade Agreement) re-negotiations, with the fifth round set for Mexico City beginning Nov. 17. According to Workingman’s Dead: NAFTA Withdrawal Risk Sector Impact, a just-released study from Cowen and Co.’s 11-member Washington Research Group, a U.S. pullout from the landmark agreement forged more than 20 years ago will likely have a significant negative impact on the freight railroad industry.