Editor’s Note: September is Safety Month in the North American railway industry. This month, Railway Age “recalls to active duty” the three-part series on System Safety by Sonia Bot and Tony Zenga, with accompanying podcasts. Here is Part 3 – William C. Vantuono
For the week ending Sept. 18, 2021, U.S. Class I railroads hauled 234,790 carloads, up 3.5% from the same point last year, but the 270,832 intermodal containers and trailers they moved fell 8.3% from 2020, the Association of American Railroads reported on Sept. 22.
The Surface Transportation Board has added another entry to the “Railroad Industry Dictionary of Obscure Acronyms”: FMLM, which stands for First-Mile/Last-Mile—what Class II and III railroads do best.
Editor’s Note: September is Safety Month in the North American railway industry. This month, Railway Age “recalls to active duty” the three-part series on System Safety by Sonia Bot and Tony Zenga, with accompanying podcasts. – William C. Vantuono
The Surface Transportation Board (STB) is required by law, on a minimum quarterly basis, to publish the Rail Cost Adjustment Factor (RCAF), defined as “an index formulated to represent changes in railroad costs incurred by the nation’s largest railroads over a specified period of time.”
A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and “beneficial owner” TCI Fund Management Ltd., CN on Sept. 17 announced its “Full Speed Ahead – Redefining Railroading” initiative, which it describes as an “ambitious value creation plan” consisting of, for full-year 2022, $5 billion in stock buybacks (a previously authorized C$1.1 billion of it to be completed by the end of January 2022), a decrease in capital investment to approximately 17% of revenues, C$700 million of additional, incremental operating income, a 57% operating ratio, and elimination of more than 1,000 jobs, 400 of them from operating crafts.
“I am elated for our CP family,” an understandably energized Canadian Pacific President and CEO Keith Creel told Railway Age Editor-in-Chief William C. Vantuono the day after a joint call with analysts with his
Total U.S. rail traffic for the week ending Sept. 11, 2021, was 468,610 carloads and intermodal units, a 1.3% decline from the same point last year, with intermodal losses offsetting carload gains, reported the Association of American Railroads on Sept. 15.
For those of you who don’t read or speak Latin (including the author), terminabitur translates to “terminated” or “discontinued.” Resumo translates to “resumed” or “picked up where we left off.” E duobus,
With lingering concerns about COVID-19 infections, this year’s attendance at the Sept. 12-14 Intermodal Association of North America (IANA) Expo2021 conference in Long Beach, Calif., was relatively low when compared to the association’s past events. But those participating—3PLs, shippers, railroads, truckers, maritime ship operators, ports and various containerization suppliers—were energized about the multi-modal trade with containers, and the presentation sessions offered meaningful metrics and give-and-take dialogue. And yes, equipment, technology, and various intermodal services and products were on display with a “please touch and question” atmosphere.