Railway Age December 2018, Cover Story: BNSF Railway Co. Executive Chairman Matthew K. Rose will retire from the railroad in April of 2019, after 26 years of service. At the end of his tenure, Rose will have been Executive Chairman for six years, and CEO for the prior 13 years. He also served in senior marketing and operations positions at BNSF and predecessor Burlington Northern before assuming the CEO role in December 2000.
Watching Washington, December 2018 Railway Age: New leadership arrives at railroad-focused congressional committees in January, and unless Surface Transportation Board (STB) Chairman Ann Begeman ingests breakfast Wheaties and gains courage to produce decisions, Congress may prescribe more than a potent laxative.
After a mostly steady climb through this year, rail freight volumes on Class I railroads are on a downgrade, and uncertainty in 2019 is looming like a blind curve in the dark.
What happens when you retire? I’m sure there are few things on everyone’s minds: that extra free time to look forward to, those hobbies you will now have time for, and all the places to visit. For a company, however, losing long-standing employees to retirement can be a difficult moment. Not only do they lose a valued colleague; a firm loses valuable institutional knowledge, experience and wisdom. The gap that is left behind is tangible and can really hurt business stability and growth.
The trade association of U.S. freight railroads this week urged the federal government to take a balanced approach to automation as a way to a safer, more efficient and more productive industry in the coming years.
Institutional Investor, a publication covering the financial services industry since the 1980s, has named Union Pacific Executive Vice President and Chief Financial Officer Rob Knight “Best CFO” for the sixth consecutive year in its 2019 All-America Executive Team list of airfreight and surface transportation companies.
TekTracking LLC, a railway technology sales and product development firm, has formed a new partnership with Gioconda Rail.
Georgia is doubling down on the inland port concept, along with Norfolk Southern announcing plans for a rail-served hub 50 miles from Atlanta.
While U.S. grain farmers wrangle with tariffs, bankruptcies and uncertainty, suppliers north of the border helped Canadian Pacific ring up another month of record shipments.
Not for Rachel Notley are Festivus, Yule and other neo-pagan solstice celebrations for the politically minded. No, the Alberta Premier clings to Christmas tradition, or more accurately the toy catalog of yore, with its yummy pages of pointlessly looping Lionel trains.