For the week of December 8, U.S. weekly rail traffic was 570,225 carloads and intermodal units, up 3.1% from the same week in 2017.
Switching & Terminal
In the people’s company town of Washington, D.C., the most popular refrain during lame duck sessions of Congress—the fewer than 60 days between congressional elections and adjournment—is the catchphrase from Mariah Carey’s iconic tune, “All I Want for Christmas Is You.”
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.
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.
TekTracking LLC, a railway technology sales and product development firm, has formed a new partnership with Gioconda Rail.
In a transaction brokered by RR Mergers & Acquisitions, Rio Grande Pacific Technology, Inc. (RIOTECH) as acquired Innovative Solutions In Signaling, LLC.
GM’s planned plant closings shadowed already-declining shipments of vehicles moving by rail in the U.S. despite a bounceback by commodities in the latest week’s data.
Work exhaustion and lack of effectiveness to properly carry out job functions to the highest standards put people at risk on a railroad. The Federal Railroad Administration (FRA) makes it a strong priority to know when employees are on the clock working on the movement or function of a train and when they are not. These regulations and time tracking fall into the Hours of Service (HOS) law. They must be met within FRA standards; railroads face fines and penalties if they aren’t met.
Amid roiling markets, weaker commodities and intermodal shipments may be signaling a correction for U.S. rail freight.
At midnight on Nov. 16, 2018, the 20-year lease of part of the 184-mile Goderich-Exeter Railway (GEXR) from CN came due, and the Class I lessor took back the lines.