CN

CN has seven Duos Railcar Inspection Portals (rip®) currently in operation along its network.

Supply Side: CN Signs Contract with Duos, Bentley Launches Virtuosity

CN has awarded a multi-year contract to Duos Technologies, Inc., for complete North American service, support, maintenance and spare components sourcing for the seven Railcar Inspection Portals (rip®) currently in operation along its network. Additionally, engineering software firm Bentley Systems, Inc., has established Virtuosity to combine subscriptions to Bentley applications, such as OpenRail, with training and expert services.

Through the Rail-Ready Sites program, OmniTRAX and Tiffin-Seneca Economic Partnership are marketing three initial sites to shippers along the Northern Ohio & Western Railway (NOW).

Small Road News: OmniTRAX, Watco, Anacostia Launch Growth Initiatives

Denver-based OmniTRAX is linking rail-served properties along its 25-mile Northern Ohio & Western Railway (NOW) with customers interested in locating there, in coordination with the Tiffin-Seneca Economic Partnership, which serves the counties of Tiffin and Seneca, Ohio. Additionally, Watco Companies, LLC, will lease and operate a line from CN subsidiary Wisconsin Central Ltd. in Illinois. Previously known as the Phoenix Line, Watco’s new subsidiary is now called the Elwood Joliet & Southern Railroad (EJSR). The Jeffersonville RiverRail Terminal in Indiana is set to open early next year, to be served by Louisville & Indiana Railroad (LIRC), an Anacostia Rail Holdings Co. subsidiary, and American Commercial Barge Line.

The STB determined that UP was among the Class I’s achieving a rate of return on investment (ROI) equal to or greater than the Board’s calculation of the average cost of capital for the freight rail industry, a sign of revenue adequacy. UP was also found to be revenue adequate for 2018.

STB: Five Class I’s Revenue Adequate for 2019

The Surface Transportation Board has determined that five of the “Big 7” U.S. Class I railroads achieved revenue adequacy in 2019: BNSF, CSX, Norfolk Southern, Soo Line (the U.S. affiliate of Canadian Pacific) and Union Pacific. STB determined that those Class I’s achieved a rate of return on investment (ROI) equal to or greater than the Board’s calculation of the average cost of capital for the freight rail industry, which for 2019 is 9.34%.

CN Publishes Grain Plan, Invests in 1,500 High-Capacity Grain Hoppers

CN plans to acquire 1,500 new-generation, high-capacity grain hopper cars with delivery starting in January 2021. The new railcars aim to “encourage the economic recovery through job creation in the North American manufacturing sector and help CN continue to meet the growing needs of grain farmers and grain customers,” the company said.