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Daily Headlines

Rail volumes make slow recovery but KCS keeps capacity tight

(Source: Supply Chain Dive, July 7, 2020) WASHINGTON, D.C. — In a call with Cowen Analysts last month, Kansas City Southern (KCS) CEO Pat Ottensmeyer said the second quarter had been challenging. "But we do see signs of life in a number of key areas in our business...

Union Pacific EVP Whited sells $855,400 in company stock

(Source: Market Beat, July 7, 2020) NEW YORK — Union Pacific Co. EVP Elizabeth F. Whited sold 5,000 shares of the business's stock in a transaction dated Monday, July 6. The shares were sold at an average price of $171.08, for a total value of $855,400.00. Full story:...

Is Amtrak leveraging the pandemic to permanently cut train service?

(Source: Railway Track & Structures, July 7, 2020) NEW YORK — Amtrak is set to celebrate its 50th anniversary in 2021. The celebration may be muted, however, due to the animosity Amtrak faces and, indeed, has faced throughout the 49 years since the agency took over...

Rail stakeholders: Tough road ahead for infrastructure bill

(Source: Freight Waves, July 7, 2020) CHATTANOOGA, Tenn. — The multibillion-dollar infrastructure bill passed the U.S. House of Representatives last week, but whether it can make it through the Republican-controlled Senate to President Donald Trump’s desk is less...

CP announces best-ever quarter and June for transporting Canadian grain

(Source: Canadian Pacific Railway press release, July 7, 2020) CALGARY — Canadian Pacific announced today its best-ever quarter and June for moving Canadian grain and grain products. The two records are the latest in a standout crop year of linking Canadian producers...

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