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Daily Headlines
Denver’s OmniTRAX has quickly become a major player in the railroad industry
(Source: Denver Post, September 29, 2019) DENVER, Colo. — Tucked away in a Cherry Creek office building, in a neighborhood of financial firms and high-end retailers, is the headquarters of one of the country’s largest and fastest-growing privately held railroads....
Canada’s crude-by-rail shipments jump 12.9% in July
(Source: Kallanish Energy, September 27, 2019) HOUSTON — Crude oil-by-rail shipments in western Canada increased 12.9% in July, according to new data from the Canada Energy Regulator. July’s volume was more than 9.71 million barrels (Mmbbl), an increase from 8.60...
Q&A: RRB financial reports
(Source: Railroad Retirement Board press release, August 25, 2019) CHICAGO — The Railroad Retirement Board (RRB) is required by law to submit annual reports to Congress on the financial condition of the railroad retirement and railroad unemployment insurance systems....
Union Pacific CFO Rob Knight to retire Dec. 31
(Source: Union Pacific press release, September 26, 2019) OMAHA, Neb. — Union Pacific today announced Rob Knight, chief financial officer since 2004, plans to retire Dec. 31. Union Pacific appointed Jennifer Hamann to succeed Knight, effective Jan. 1. Knight, 62,...
Texas high-speed rail project picks up speed
(Source: Transportation Today, September 26, 2019) WASHINGTON, D.C. — A proposed Dallas to Houston high-speed rail project, with an overall estimated price tag of $20 billion, gained momentum this month when developer Texas Central announced it had signed a...
Canadian railroads see opportunity amid slowing demand
(Source: Freight Waves, September 25, 2019) CHATTANOOGA, Tenn. — Canadian class I railroads were on hand to discuss the outlook for the industry in separate presentations at the CIBC 18th Annual Eastern Institutional Investor Conference held in Montreal. CIBC is a...
Ten states join opposition to Washington state’s new oil vapor standards law
(Source: Land Line, September 25, 2019) GRAIN VALLEY, Mo. — Attorneys general in 10 states are asking the Trump administration to overturn a new Washington state law regulating the transportation of oil, claiming new oil classifications go against federal law and...
Canadian crude by rail jumps in July
(Source: JWN Energy, September 27, 2019) CALGARY, Alberta — Crude by rail traffic out of the Western Canada Sedimentary Basin jumped by more than 25,000 bbls/d in July, reigniting an upward trend that had slowed the previous month. New data from the Canadian Energy...
GM, UAW battle over worker pay from temps to CEO
(Source: Detroit News, September 25, 2019) DETROIT — When handshakes opened labor talks in July, United Auto Workers President Gary Jones promised to halt what he called a “race to the bottom” and to fight against "wage loss." Full story: Detroit News
GM tells striking union members it will continue health coverage
(Source: Detroit Press, September 26, 2019) DETROIT — In a significant reversal, General Motors has told the UAW that it will continue to pay for health coverage of striking workers. Full story: Detroit Press
