To prevent rail-related injuries and deaths to kids, Safe Kids Worldwide and Union Pacific (UP) are teaming up during Rail Safety Week to release a series of resources designed to “raise awareness, educate communities, and encourage parents to talk to their kids about rail safety from an early age.”
At TD Cowen, we are lowering our rail estimates ahead of third-quarter earnings reports to reflect a very challenged environment. Leaders in the rail and logistics market who attended our latest Railroad Happy Hour” called the current outlook “bleak,” with growing uncertainty in 2025.
Norfolk Southern (NS) on Sept. 20 reported partnering with RapidSOS to help “make it quicker and easier” for first responders to access cargo and hazardous materials information and enable the ability to call for mutual aid, all while providing ongoing training.
Amergin Asset Management (AAM) on Sept. 20 announced that its portfolio company Amergin Rail has acquired PNC Bank’s operating railcar portfolio, including the purchase of more than 6,000 railcars under management, which
The Surface Transportation Board (STB) has adopted for fourth-quarter 2023 the rail cost adjustment factor (RCAF), defined as “an index formulated to represent changes in railroad costs incurred by the nation’s largest railroads over a specified period of time.”
The Greenbrier Companies boosted its order book by 15,300 railcars in the fiscal fourth quarter, ending Aug. 31, 2023. Customers operating in “various commercial sectors” are purchasing a “range of railcar types” with an aggregate value of $1.9 billion, the manufacturer reported Sept. 21. TD Cowen offered insight.
The Federal Railroad Administration’s (FRA) Office of Research, Development and Technology (RD&T) recently published four new technical reports that cover a variety of topics, including concrete crossties; the Operational Performance and Reliability, Availability, and Maintainability (RAM) Analysis (OPRAM) software tool; moving block train control systems; and vehicle dynamics simulations.
South Carolina Ports Authority’s (SC Ports) rail-served Inland Port Greer handles record cargo in August. Also, the University of North Texas (UNT) notches another win in the Intermodal Association of North America (IANA) case study competition.
For the first 37 weeks of 2023 (ending Sept. 16), total U.S. weekly rail traffic dipped 4.1% from the same point last year, according to the Association of American Railroads’ (AAR) Sept. 20 report. Both Canada and the U.S. saw declines, while Mexico saw an increase.
Norfolk Southern (NS) has elevated Floyd Hudson to the newly created position of Vice President Field Engagement. Succeeding him as Vice President Transportation is Joe Gioe, the Class I railroad told Railway Age on Sept. 20.