In a July 19 press release, the Government of Mexico, through the Ministries of Energy, Finance and the Tax Administration Service (SAT), made public a list of active and suspended taxpayers on its Importers’ Registry, indicating that the suspensions were made due to several taxpayers apparently not being in full compliance with requirements under its Foreign Trade Rules. Among them were Kansas City Southern de México (KCSM) and Grupo Mexico’s Ferrosur rail freight subsidiary.
Virginia’s Commonwealth Transportation Board (CTB) recently approved a Rail Industrial Access Grant for Norfolk Terminal LP, and adopted the framework to advance the state’s Transit Ridership Incentive Program (TRIP).
Regarding the “point-counterpoint“ debate originally published in Fortune about Precision Scheduled Railroading and reproduced in Railway Age, with Brannon and Gorman on the “for” PSR side, and Rep. DeFazio (D-Ore.) not exactly on the “against”
The Chicago (Ill.) Department of Transportation (CDOT) has released a strategic transportation plan that it’s calling “the nation’s first” urban plan developed in the wake of the pandemic, economic and racial justice crises of 2020. Also, the Federal Transit Administration (FTA) is now accepting applications for its Outstanding Achievement Award for Excellence in Environmental Document Preparation.
Anshooman Aga will take over as Harsco Corp. Senior Vice President and Chief Financial Officer on Aug. 16, succeeding Peter Minan; he becomes a member of the Harsco Executive Leadership Team.
Surface Transportation Board (STB) Chairman Martin J. Oberman has called on the CEOs of the seven North American Class I’s to provide information on the extent of congestion at key U.S. container terminals and on their policies and practices for assessing container demurrage fees, citing reports of “substantial charges being levied by the railroads for container storage at these terminals.”
CSX in second-quarter 2021 reported an exceptionally low operating ratio (OR) of 43.4%, along with significant increases in earnings and revenue. The OR calculation included a credit against expenses resulting from the sale of certain property rights on CSX-owned line segments to the Commonwealth of Virginia for passenger rail operations. Adjusted to exclude the real estate transaction, the OR is 55.1%, still exceptionally low.
Trinity Industries, Inc., is “very pleased to build on the momentum growing in our business as railcar demand and the overall U.S. economy continue to recover,” President and CEO Jean Savage said during a second-quarter 2021 earnings announcement on July 22.
Union Pacific (UP) on July 22 reported second-quarter 2021 results, including freight revenue of $5.132 billion, up 29% from the prior-year period, with a 22% increase in business volumes, as measured by total revenue carloads.
Editor’s Note: Precision Scheduled Railroading (PSR) continues to be, in a word, controversial. This operating method traces its origins to the late Hunter Harrison and the Illinois Central in the early 1990s.