AAR: weekly traffic down 4% in North America
The Association of American Railroads (AAR) reported for the week ending September 3, 2016, total combined weekly rail traffic in North America was 703,721 carloads and intermodal units, down 4%.
Management
Elliott to Congress: Revenue adequacy will have to wait
In a Sept. 1, 2016 monthly progress report letter to the Senate Commerce Committee, House Transportation & Infrastructure Committee, Senate and House transportation appropriations committees and all relevant subcommittees, Surface Transportation Board Chairman Dan Elliott said the Board’s pending rulemaking on railroad revenue adequacy will not see further action until June 2017.
Ackman bails from CP board
Approximately one month after billionaire hedge fund manager Bill Ackman dumped all his shares in Canadian Pacific Railway Ltd. and walked away with an estimated $1.5 billion to pursue other ventures, he has resigned from CP’s Board of Directors.
Commentary
Hillary and Trump, are you paying attention to us?
Hey, Mr. Trump! Yeah you! The guy with the odd orange hairdo. You interested in supporting an American industry that invests billions of private capital, building worthwhile things, instead of constructing that ridiculous, narcissism-inspired, “beautiful” Mexico-financed wall you want to erect on our border with a valued NAFTA partner?
Commentary
STB dysfunction menaces revenue adequacy
If you think a theater of the absurd is limited to presidential candidates less popular than the Grinch who stole Christmas, you’re missing Surface Transportation Board (STB) dysfunction where Chairman Dan Elliott’s leadership is infuriating fellow Democrat Deb Miller and Republican member Ann Begeman.
Houfek from CSX to DCLI
Direct ChassisLink, Inc. (DCLI) announced that Ryan Houfek has joined the firm as Senior Vice President, Business Development.
CP voices support for expanding LVVR
Canadian Pacific announced Aug. 25, 2016 that it “welcomes the release of the full proceedings from the Canadian Transportation Safety Board’s (TSB) recent Transportation Safety Summit and urges government officials to take action on LVVRs (locomotive video and voice recorders).”
INRD, Venture Logistics inaugurate intermodal warehouse
The Indiana Rail Road (INRD) and Venture Logistics on Aug. 24, 2016 officially opened the new Venture Rail Warehouse, decribed as “the first rail-served mega-warehouse constructed in Marion County in decades.”
CDPQ reaches Montreal track agreement with CN
Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ) Infra has reached an agreement with CN to purchase infrastructure for its planned 41.5-mile (67 km) Metropolitan Electric Network (REM) automated metro project in Montreal.
CN, ADM and Midwest Inland Port grow intermodal in Decatur, Ill.
Archer Daniels Midland Company and the Midwest Inland Port announced August 23 that their collaborative logistics and marketing efforts are driving increased container shipments over ADM’s privately owned intermodal ramp located in Decatur, Ill.