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Daily Headlines
CN trestle destroyed in suspicious fire at Mayerthorpe, Alberta
(Source: CBC News, April 26, 2016) EDMONTON, Alberta — The fire that destroyed a CN Rail trestle bridge in the community of Mayerthorpe, about 120 kilometres northwest of Edmonton, may have been purposely set. Full story: CBC News
Tongue River Railroad application denied
(Source: Great Falls Tribune, April 26, 2016) GREAT FALLS, Mont. — A federal transportation panel has dismissed a proposed $400 million railroad that would have hauled coal from a mine near the Montana-Wyoming border. Full story: Great Falls Tribune
TPP report doesn’t show why deal is good for workers
(Source: International Brotherhood of Teamsters press release, April 26, 2016) WASHINGTON, D.C. — Support for the 12-nation Trans-Pacific Partnership (TPP) is in the tank. More and more elected officials across the political spectrum are raising doubts about the...
Minnesota Gov. Mark Dayton appoints state rail director
(Source: Minneapolis Star Tribune, April 26, 2016) MINNEAPOLIS, Minn. — Gov. Mark Dayton has appointed Alene Tchourumoff to serve as the state’s rail director, a role newly created to increase Minnesota’s oversight of the Bakken oil trains rumbling within a half-mile...
UK’s Stagecoach warns of terrorism’s ‘challenging’ effect on rail industry
(Source: The Telegraph, April 27, 2016) LONDON — Terrorism concerns, lower fuel prices and weaker consumer confidence have created a more "challenging" outlook for the UK rail industry, according to Stagecoach. Full story: www.telegraph.co.uk
How widening of the Panama Canal could impact Union Pacific
(Source: Market Realist, April 27, 2016) NEW YORK — With the widening of the Panama Canal slated to begin soon, container lines are teaming up to enhance capacities. This may reduce volumes at West Coast ports and increase conversions to East Coast ports. But it also...
CN warns Ottawa, no new or extended regulations on railways
(Source: Canadian Press, April 26, 2016) MONTREAL — Canadian National Railway is calling on Ottawa to refrain from imposing or extending service regulations on the country's railways that it fears will stifle innovation and discourage investment. Chief executive...
CSX CFO predicts 1 person crews in 5-10 years
(Source: Institutional Investor, April 26, 2016) NEW YORK — From Montreal to Fort Worth, Texas, railroad executives are keeping their eyes on head count. “Labor is our largest cost,” CSX CFO Frank Lonegro says. “In five to ten years, we’ll move to less labor...
A private proposal to solve Chicago’s freight rail bottleneck
(Source: Forbes, April 25, 2016) CHICAGO — As the Midwest’s most important economic hub, Chicago is naturally the focal point for much rail traffic. Both Amtrak and Metra, a regional rail transit authority, run through the city, as do six of the nation’s seven largest...
CN marks 20 years since privatization at 2016 meeting of shareholders
(Source: CN press release, April 26, 2016) MONTREAL — Claude Mongeau, president and chief executive officer of CN, said today the company has made huge strides since its 1995 initial public share offering (IPO), transforming itself into a North American railway and...
