Freight

PTC Political Circus, Act (fill in the blank)

The House Transportation and Infrastructure Railroad Subcommittee has scheduled yet another pointless, time-consuming “status review” hearing on PTC. The people actually doing the implementation work—railroads, suppliers, consultants, FRA—get to spend another day getting peppered with pointless questions from clueless politicians who obviously don’t bother reading reports or doing basic research, and delight in wasting valuable people’s valuable time to prop up their huge egos and give the appearance of actually doing something useful.

Cowen: Railcars “robust,” locos “rebounding”

Inquiries and orders for new railcars remain robust, with strength in tank cars, intermodal equipment, box cars and steel gondolas, and the locomotive new-build market appears set for a gradual rebound, report Cowen and Co. Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, and Cowen Vice President Matt Elkott from the firm’s annual Transportation Conference. “This reinforces our confidence in our 3Q18 forecast of 20,500 units in industry orders,” they said. CBR (crude by rail) could enjoy relative strength through 2022. We continue to favor Wabtec, Trinity, Greenbrier, and ARI.”

KCS, for the long haul (and Christmas, too)

Kansas City Southern’s 2017 sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” was created “to clearly communicate why our sustainability priorities are important to our business,” according to President and CEO Patrick J. Ottensmeyer.