Railway Age’s 2023 ‘Fast Trackers’ 25 Under 40 Honorees
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Nearly a decade after the horrific derailment of a crude oil unit train at Lac-Mégantic, Quebec that claimed 47 lives and led to new regulations for railroad hazmat tank cars, Canada Minister of Transport Omar Alghabra on Jan. 14 announced that building a 12.5-km (7.75-mile) bypass to get trains out of downtown Lac-Mégantic “remains a priority.” While the government has signed agreements to acquire some of the land for the project, he said, it has decided not to extend the “mutual negotiation period” with the remaining impacted owners after doing so three times, so that the project can move forward.
Canadian Pacific (CP) on Jan 13 reported reaching a tentative collective agreement with Unifor on a new contract for Canada-based mechanical employees.
According to Cowen and Company’s recently conducted fourth-quarter 2022 Rail Equipment and Rail Shipper surveys, the demand for railcars remains strong, and rail-shipping pricing expectations ticked up sequentially. Details follow, plus insights on the Class I railroads, ahead of earnings.
The Railway Association of Canada (RAC) has published the 30th edition of its Rail Trends report, providing a ten-year performance overview (2012-2021) of its member passenger and freight railroads.
The Canadian Pacific (CP) Holiday Train has completed its 24th year, raising more than C$1.3 million and collecting 121,000 pounds of food for local food banks and food shelves so far, with final numbers still being calculated, the Class I reported on Dec. 22.
CN, Canadian Pacific (CP), CSX and Union Pacific (UP) have been recognized as “sustainability leaders” through their inclusion in the 2022 Dow Jones Sustainability Indices (DJSI). Also, Norfolk Southern (NS) is awarding $1 million in grants to 57 nonprofits in the Hampton Roads region of Virginia.
CDP (Carbon Disclosure Project) has named Canadian Pacific to its A List for the second consecutive year, placing the railroad in the CDP group of companies “leading action on climate change globally.”
RAILWAY AGE DECEMBER 2022 ISSUE: The Surface Transportation Board (STB) is plotting an active and intense 2023.
WATCHING WASHINGTON, RAILWAY AGE DECEMBER 2022 ISSUE: What is going on with Class I railroad labor relations and customer service?