We are not usually concerned with buses at Railway Age, but what would happen if Greyhound buses suddenly disappeared from American roads, and Amtrak became the only provider of passenger transportation with a nationwide reach? That speculation is not as far-fetched as it would appear at first blush, as a similar scenario is being played out at this writing in much of Canada.
“Real high-speed rail might still make sense in the U.S. in the densely populated Northeast Corridor and among certain high-population city-pairs elsewhere in the U.S. in the ‘sweet spot’ of 250-500 miles apart (too far to drive easily, too short to fly conveniently), if costs can be kept under control,” writes Eno Center for Transportation Senior Fellow and Eno Transportation Weekly Editor Jeff Davis. “But future high-speed rail projects would do well to avoid seven mistakes that have caused the California system to be indefinitely delayed.”
According to the most recent earnings reports, North American Class I railroads are producing record-low operating ratios and posting record-setting earnings. These results strongly suggest that the current operating format of two-person train crews utilizing innovative safety and fuel conservation technologies is helping achieve these desired, value-added financial results. In short, it is possible for innovative technology and human-operated freight trains to exist in a complimentary fashion. The combination is currently working quite well.
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.”
Watching Washington, February 2019: Sizzle sells product. No wonder the sizzle of ever-lower operating ratios is leading to remarkably higher railroad share prices. But as operating ratios—operating expenses as a percentage of operating revenue—flirt with a sub-60%, the meaning for the longer term is unclear.
I knew Hunter Harrison when he was a Burlington Northern trainmaster and I was a BLET Local Chairman, all those many years ago. Today, as Hunter’s Precision Scheduled Railroading (PSR) is rolled out on six of the seven Class I railroads, I’ve come to believe that PSRis not a destination, but a never-ending journey. At least that’s how I see it.
After months of whining about low market value for its low-grade psuedo-oil, the Alberta government announced in November that it would purchase and operate a vast fleet of 7,000 tank cars and 80 locomotives—arguing, in Canutian defiance of Economics 101, that more supply would push up demand and price. Then, only days later in a panicked and completely opposite action, Alberta imposed production quotas to reduce supply.
If you’re passionate about on-time performance of Amtrak passenger trains traversing freight railroad tracks, you’d best pray for the health of RBG—the increasingly frail 85-year-old Supreme Court Justice Ruth Bader Ginsburg.
New York Gov. Andrew Cuomo shocked the transit world and almost everybody else by announcing that the planned 15-month shutdown of all service on New York City’s “L” train along 14th Street in Manhattan and into Brooklyn will not happen after all. The news stunned even the most jaded New Yorkers and started a local political fight that is still raging.
While the financially panicked government of Alberta has imposed radio silence on its contentious plan to launch a state-owned fleet of oil trains, CN has teamed with a First Nation to obsolete both tank cars and pipelines in the transportation of bitumen.