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Daily Headlines
CN sticks with earnings forecast despite tough market
(Source: Reuters, July 21, 2015) NEW YORK — Canadian National Railway reported stronger than expected second-quarter earnings and said it continues to expect double-digit growth in earnings per share for the full year on Monday, even as shipment volume slipped. Full...
CSX to STB: Railroads are healthy, let’s keep them that way
(Source: Railway Age, July 23, 2015) NEW YORK — Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in the nation’s critical...
CP Rail’s new head of corporate governance has faced troubling business allegations for years
(Source: Financial Post, July 23, 2015) OTTAWA — Rebecca MacDonald, who was appointed head of Canadian Pacific Railway Ltd.’s corporate governance committee on Tuesday, has spent years weathering allegations of deceptive sales tactics and questionable accounting...
Most recent oil train accidents involved CPC-1232 tank cars
(Source: DeSmog Blog, July 23, 2015) NEW YORK — Roosevelt County chief deputy sheriff Corey Reum was one of the first responders to the recent Bakken oil train derailment in Montana, a few miles from the North Dakota border. Full story: www.desmogblog.com
AAR: Weekly rail traffic down 2.8 percent from 2014 for week ending July 18
(Source: Association of American Railroads press release, July 22, 2015) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 18, 2015. For this week, total U.S. weekly rail traffic was 551,181...
NTSB study: ECP brakes out-perform other systems
(Source: National Transportation Safety Board press release, July 23, 2015) WASHINGTON, D.C. — As part of its ongoing investigation of the derailment of a crude oil unit train in Casselton, North Dakota, today the National Transportation Safety Board produced a Train...
Video: CEO says Union Pacific has furloughed more than 1,200 workers
(Source: Bloomberg, July 23, 2015) NEW YORK — Lance Fritz, chief executive officer of Union Pacific Corp., talks about the recent drop in U.S. coal demand and its impact on the railroad, and Union Pacific's pricing power and ability to control costs. Fritz speaks with...
Senate to debate 3-year delay of Positive Train Control
(Source: New York Times, July 23, 2015) WASHINGTON — Two months after the high-speed derailment of an Amtrak train killed eight people and injured hundreds more in Philadelphia, a Senate transportation bill headed for debate this week calls for a three-year delay of...
BNSF Logistics buys wind turbine transport specialist
(Source: Railway Gazette, July 23, 2015) FORT WORTH, Texas — BNSF Logistics has acquired Transportation Technology Services, a Texas-based company that provides engineering and logistics services for the transport of over-sized loads by rail with a particular focus on...
Oil train inspections reveal 62 defects in New York state
(Source: Associated Press, July 23, 2015) ALBANY, N.Y. — New York officials say another round of inspections of tank cars and tracks carrying crude oil has found 62 defects, including one requiring an immediate fix. Statewide, inspectors report examining 524 tank...
