Reporting on the Cowen and Company Global Transport Conference in Bosto, Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl and analysts Matt Elkott and Adam Kramer offer these observations taken from the conference’s railcar/locomotive builder and Class I railroad panels, with a large trucker and a logistics/LTL company added for deeper perspective:
Union Pacific on July 26 appointed 26-year veteran Lynden Tennison Executive Vice President and Chief Strategy Officer, effective Aug. 1. Tennison has been Senior Vice President and Chief Information Officer since February 2005.
Railroads continue to benefit from a multiplicity of issues throttling the trucking industry, as tight capacity and higher rates push more traffic to the rails.
Union Pacific is partnering with the Bay Area Air Quality Management District and Sacramento Metropolitan Air Quality Management District to repower 10 low-horsepower diesel-electric locomotives into new EPA Tier 4-compliant switchers.
Union Pacific notes that its history with the U.S. National Parks system “started with the creation of iconic western parks like Yellowstone, Zion, Grand Canyon and Death Valley, when the railroad provided access to pristine landscapes that were otherwise virtually impossible to visit.”
Union Pacific announced it will invest a total $8.1 million in 2018 in its infrastructure in Minnesota and Montana.
Railroads in the United States originated 1,028,141 carloads in February, down 0.3% from the same month in 2017, the Association of American Railroads said.