Seoul, South Korea-based Hyundai Motor Group will invest $5.54 billion to open its first dedicated full electric vehicle (EV) and battery manufacturing plant in the United States. It will be located in Bryan County, Ga., and served by Genesee & Wyoming’s Georgia Central Railway (GC).
The Federal Railroad Administration (FRA) has released its annual enforcement report summarizing the regulatory compliance inspections and audits conducted in the past fiscal year by FRA or state inspectors participating in FRA’s rail safety program, as well as the civil penalty enforcement actions arising from them.
Leaders of the Coordinated Bargaining Coalition (CBC) Rail Labor Unions* say they are hopeful the in-person mediation sessions scheduled for May 24-26 before the National Mediation Board (NMB) “will help to settle their ongoing national contract dispute.”
Once upon a time, conservative jurists were the best friends to federal regulatory agencies such as the Surface Transportation Board (STB). When those agencies pushed the boundaries of their decision-making independence, federal courts considered them experts in their field and accordingly deferred to their interpretations of the statutes they administered.
Shauneen Bruder has been elected Chair of the CN Board of Directors, succeeding Robert Pace, who in March 2021 announced he would not seek re-election when his term expired.
Let’s admit it, and fix the expectation: U.S. Class I railroads have not experienced robust service recovery. Yet railroad optimism and expectations of satisfied customers persists. Why?
Construction is under way at MxV Rail’s new railroad testing facility at the PuebloPlex campus in Colorado, which is set to open this fall.
“The Class I railroads recognize that their recent service performance has not met many customers’ expectations,” the Association of American Railroads (AAR) wrote in a May 18 filing to the Surface Transportation Board (STB). But while the STB’s May 5 decision to release updated, more-comprehensive rules for reporting performance and employment metrics “reflects an understandable desire for quick action,” it was “not issued in a vacuum,” AAR pointed out.
CSX has earned a spot on the 2022 “100 Best Corporate Citizens” list, which recognizes top environmental, social and governance (ESG) transparency and performance among companies on the Russell 1000 Index.
U.S. carloads and intermodal units for the week ending May 14, 2022, were each down about 5% from the same week last year, according to Association of American Railroads’ figures released May 18. It’s the 12th consecutive week of declines from the prior-year period.