The Surface Transportation Board (STB) has established an in-house Passenger Rail Working Group to ensure it can meet its PRIIA obligation to assess Amtrak on-time performance data, which the Federal Railroad Administration (FRA) will begin reporting later this year.
Kansas City Southern’s first-quarter financials were slightly off from the prior-year period due to several factors, but the merger-bound Class I says it anticipates improved operating and service metrics and revenue growth this year.
Kansas City Southern (KCS), now in the midst of a merger with Canadian Pacific, has bolstered its executive leadership team with two strategic appointments: Jeffrey M. Songer in the new role of Executive Vice President-Strategic Merger Planning, and John F. Orr as Executive Vice President-Operations.
STV promoted Paul E. Bobby and Kevin Carmody to Vice President positions; Bowman named Botts Smith Director of Transportation; and Chesapeake & Delaware named Renee LoSapio General Manager of Railroads.
CSX Corp. has closed the first phase of its $525 million rail agreement with Virginia for the commonwealth’s $3.7 billion initiative to improve passenger and freight rail capacity and relieve automotive traffic congestion.
SMART Transportation Division (SMART-TD) President Jeremy R. Ferguson has sent a letter to Canadian Pacific (CP) President and CEO Keith Creel stating that the union he runs generally supports what CP and Kansas City Southern (KCS) are seeking from the Surface Transportation Board for their merger.
Merger applicants Canadian Pacific (CP) and Kansas City Southern (KCS) are refuting the U.S. Department of Justice’s (DOJ) recent filing with the Surface Transportation Board (STB) questioning use of a voting trust and granting KCS an exemption under merger rules established about 20 years ago.
Infrastructure engineering software firm Bentley Systems, Inc., is developing applications for digital twins with NVIDIA Omniverse; the FourKites® real-time supply chain visibility platform is offering a Tracking Quality Guarantee; and LEDtronics® is producing a new LED light fixture with an energy-efficient, high-lumen output.
Total U.S. rail traffic for the week ending April 10, 2021 rose 24.5% over the prior-year period, according to an Association of American Railroads (AAR) report released April 14.
Resiliency is among the key takeaways from Sergio Rebelo, who kicked off the recent 2021 Rail Equipment Finance (REF) Virtual Conference. He is the MUFG Bank Distinguished Professor of International Finance at Northwestern University’s Kellogg School of Management.
