On the heels of Tuesday’s House Ways and Means Select Revenue Measures Subcommittee hearing on Temporary Policy in the Internal Revenue Code, American Short Line and Regional Railroad Association President Chuck Baker submitted comments to Congress to take action on tax-extender policies that include the 45G Short Line Tax Credit.
Genesee & Wyoming is considering a major change to its financial structure and ownership, and is exploring either taking on a strategic investment partner or an outright sale, according to a report from Bloomberg.
BNSF is experimenting with the process of combining two empty unit grain trains into one and sending the double-length train east out of Auburn, Wash., over Stampede Pass.
North American carload and intermodal traffic continued to decline compared to 2018, according to figures for the week ending March 9, 2019, the Association of American Railroads (AAR) reported on March 13.
CN President and CEO Jean-Jacques “JJ” Ruest accepted Railway Age’s 56th Railroader of the Year Award at the Union League Club of Chicago on March 12.
Canadian Pacific announced that it is appealing Transport Canada’s Feb. 8 Ministerial Order to address the securement of trains on mountain grades after a train is stopped by an emergency brake application.
Railway Age honors the Louisville & Indiana Railroad Company and the Rapid City, Pierre & Eastern Railroad as its 2019 Short Line (Class III) and Regional (Class II) Railroads of the Year. Both carriers will be recognized at the American Short Line & Regional Railroad Association Connections Convention in Orlando, Fla., on Tuesday, April 9.
THE FINANCIAL EDGE, MARCH 2019 – On Feb. 19, the Alberta government announced that it had entered into transportation (and some logistics) contracts with CN and Canadian Pacific to begin to move Canadian oil sands crude from the Albertan province down to the Gulf of Mexico. The province intends to move 20,000 barrels per day (BPD) by rail beginning in July 2019, increasing to a total number of 120,000 BPD by midyear 2020.
One of the North American railway industry’s most valuable assets is the vast amount of institutional knowledge held by its people. Railroading, freight or passenger, is a complex undertaking, from many angles. We owe these young people, and countless others like them, the best of who and what we are. Railway Age and Nick Little, Director of Railway Education at Michigan State University’s Center for Railway Research and Education, have selected our Fast Trackers–10 Under 40 honorees. These rising industry stars are making an impact in their respective fields, and represent the “best of the best.”
Rail freight traffic for the month of February 2019 and the week ending March 2, 2019 declined, according to Association of American Railroads figures.