Rail industry veteran Mike Keasling has joined Marietta, Ga.-based railcar leasing company RGCX as Vice Presiden, Sales & Marketing. Based in Chicago, he will take on a national role “focused on deepening existing and developing new client relationships across the industry,” the company said in announcing his appointment.
The Alberta Petroleum Marketing Commission (APMC) has signed contracts with CN and Canadian Pacific to utilize 4,400 DOT117 tank cars to transport oilsands crude (bitumen) to U.S. and international markets. Alberta Premier Rachel Notley announced the plan, which also includes locomotive leases, on Feb. 19.
BNSF Railway will invest $3.57 billion in capital in 2019—a 5% increase from 2018—toward “maintaining and expanding its network with an unwavering focus on operating a safe railroad that meets customers’ demands.”
Wabtec Corp. Executive Vice President and Chief Operating Officer Stéphane Rambaud-Measson has resigned from his position and as a Director of the company “to pursue other interests,” Wabtec announced on Feb. 12.
The Center for Railway Research and Education in the Eli Broad College of Business at Michigan State University has completed the inaugural session of a new continuing education program focused on sustainability: “Railway Motive Power and Alternative Propulsion.”
Railway Age, February 2019: As railroads continue to expand their data collection technologies across all of their operational areas, they simultaneously continue to expand their ability to analyze this data and convert the data into actionable information—in other words, to generate information that can be directly used in their operation or maintenance activities.
Financial Edge, February 2019: One danger of writing for a monthly periodical is that high-profile situations (say the shutdown of the federal government) might begin and end between two issue publication dates. In a word, to tackle the risk of balancing remaining contemporary without becoming dated, one must be “fearless.”
Jacksonville, Fla.-based Duos Technologies Group Inc. has launched a new operating subsidiary, truevue360™ (tv360) through subsidiary Duos Technologies, Inc., a provider of intelligent security and analytical technology. Tv360 will focus on developing, implementing and marketing artificial intelligence (AI) and “deep learning solutions” for a broad range of industries, among them rail.
Kansas City Southern, joining Class I contemporaries Union Pacific, Norfolk Southern, CSX, CN and Canadian Pacific in adopting one form or another of Precision Scheduled Railroading (PSR), has appointed Sameh Fahmy as Executive Vice President PSR, reporting to KCS President and CEO Patrick J. Ottensmeyer.
The extreme cold weather impacted North American rail traffic last week as a Polar Vortex shut down Chicago and most rail traffic, freight and passenger, in the region. How did it affect CBR (crude by rail) movements? What is the short- to medium-term impact? PFL Petroleum, in its Feb. 4, 2019 Railcar Report, offered the following analysis: