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Daily Headlines
Moody’s Investor Services sees significant drops in Powder River Basin coal production
(Source: Freight Waves, October 21, 2019) CHATTANOOGA, Tenn. — Coal production in the Powder River Basin (PRB) could decline significantly in 2020, but by how much remains to be seen, according to a report by Moody’s Investors Services. Full story: Freight Waves
Crude by rail shipments fell slightly in August, Canada Energy Board says
(Source: Canadian Press, October 21, 2019) OTTAWA — The Canada Energy Regulator says exports of crude oil by rail from Canada fell slightly in August to 310,000 barrels per day from 313,000 bpd in July. The August number is up 35 per cent from 230,000 bpd reported in...
DOT proposes rule for LNG transportation
(Source: Railway Age, October 21, 2019) NEW YORK — The U.S. Department of Transportation’s (USDOT) Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), announced that it is publishing a notice...
Stakes remain high as UAW members begin voting on tentative contract
(Source: Detroit News, October 18, 2019) DETROIT — United Auto Workers leaders have a week to convince members to ratify a proposed new contract — and it won't be an easy task, members and experts say. Full story: Detroit News
Opinion: Railroad traffic analysis, a different approach
(Source: Railway Age opinion column by Jim Blaze, October 20, 2019) NEW YORK — It’s third-quarter 2019 railroad financial results reporting time, and sometimes, insight about rail freight markets comes from strange places. One of those might just be the quarterly...
DOT rolls out LNG “freedom gas” rail plan
(Source: Freight Waves, October 18, 2019) WASHINGTON, D.C. — The Trump Administration is moving forward to allow railroads to ship liquefied natural gas (LNG) in tank cars through a plan that was immediately rejected by Congressional Democrats. In a proposed...
Freight railroads fight to regain shippers
(Source: Wall Street Journal, October 18, 2019) NEW YORK — CSX Corp. and Union Pacific Corp. are running faster railroads with longer trains and operating more efficiently. They have a bigger challenge ahead in winning over more shippers that remain skeptical after...
Union Pacific plans more job cuts as demand falls off
(Source: Dow Jones, October 17, 2019) NEW YORK — Union Pacific Corp. said it would continue cutting jobs as slower economic growth hampers demand for railroad shipments and as it works to boost productivity. Full story: Morningstar
KCS optimistic about its future
(Source: Freight Waves, October 18, 2019) CHATTANOOGA, Tenn. — Although Kansas City Southern declined to provide any guidance on 2020, opportunities to grow cross-border volumes, coupled with additional savings and operational efficiencies as a result of precision...
KCS posts record revenue in Q3 2019 despite flat carload volume
(Source: Progressive Railroading, October 18, 2019) Kansas City Southern logged record third-quarter 2019 revenue of $747.7 million, a 7 percent increase over the same quarter a year ago, the Class I announced today. The railroad was helped by a 21 percent increase in...
