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Daily Headlines
KCS EVP sells $548,500 in company stock
(Source: Smarter Analyst, July 21, 2020) NEW YORK — Today, the EVP & Chief Innovation Officer of Kansas City Southern, Brian Hancock, sold shares of KSU for $548.6K. Full story: Smarter Analyst
Teamsters across the country strike for black lives
(Source: International Brotherhood of Teamsters press release, July 20, 2020) WASHINGTON, D.C. — Today workers with the International Brotherhood of Teamsters joined other major national labor organizations, leading racial and social justice groups, and activists in...
CN recalling some of its 4,000 laid off workers
(Source: Canadian Press, July 21, 2020) MONTREAL — Canadian National Railway Co. has laid off about 4,000 employees from its workforce this year as profits sagged 60 per cent in the second quarter amid fallout from the COVID-19 pandemic. Shipments declined nearly...
CN reports Q2 2020 financial results
(Source: Canadian National Railway press release, July 21, 2020) MONTREAL — CN today reported its financial and operating results for the second quarter ended June 30, 2020. "By being adaptable, we were able to swiftly rightsize our resources and continue to provide...
CN’s second-quarter 2020 operating income falls 53%
(Source: Freight Waves, July 21, 2020) CHATTANOOGA, Tenn. — The COVID-19 pandemic hit Canadian railway CN’s second-quarter profits, with lower rail volumes resulting in a 19% decline in quarterly revenue. CN’s second-quarter net income on an unadjusted basis totaled...
Pan Am Railways on the block again? Insiders say yes
(Source: Berkshire Eagle, July 20, 2020) NORTH ADAMS, Mass. — Pan Am Railways, which owns the Hoosac Tunnel and runs freight traffic through North Adams, is for sale, according to railway industry publications. Full story: Berkshire Eagle
Here’s why oil train derailments and pipeline spills keep happening
(Source: Rabble.ca, July 20, 2020) TORONTO — In the midst of global upheaval, recent oil spills in Canada have received little attention. These spills occurred as governments, both federal and provincial -- notably Alberta and Ontario (which later reversed the...
Kansas City Southern’s dwell time up 3% as volume returns amid cost cutting
(Source: Supply Chain Dive, July 20, 2020) WASHINGTON, D.C. — Some of Kansas City Southern's (KCS) metrics related to precision-scheduled railroading (PSR) metrics slipped in the second quarter compared to the first quarter, as volume began to return the railroad,...
Class I rail headcount levels drop further in June
(Source: Freight Waves, May 20, 2020) CHATTANOOGA, Tenn. — Rail headcount levels in June reached a fresh low for 2020 as U.S. rail volumes were still recovering from the coronavirus-induced traffic declines from earlier in the spring. The number of employees working...
Sierra Club asks Georgia governor to veto freight rail measure
(Source: Albany Herald, July 19, 2020) ATLANTA, Ga. — An environmental organization is urging Gov. Brian Kemp to veto a bill the General Assembly passed overwhelmingly that would reserve a permanent spot in the state budget for freight rail. House Bill 820 should be...
