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Daily Headlines

Canadian oil prices reach 12-month high

(Source: www.oilprice.com, January 8, 2019) SAN FRANCISCO, Calif. — Canadian crude oil hit the highest price level in more than a year on growth in oil-by-rail shipments, Bloomberg reports based on data about price movements for the commodity it had compiled. Full...

UP stock surges most since 2009 on news of hiring new COO

(Source: Bloomberg, January 8, 2019) NEW YORK — Union Pacific Corp. surged the most since 2009 after hiring a protege of railroading legend Hunter Harrison to guide the company’s shift to a new efficiency strategy. Shares rose 9.4 percent to $151.67 at 10:25 a.m. in...

UP brings CN veteran out of retirement to lead transition to PSR

(Source: Supply Chain Dive, January 8, 2019) WASHINGTON, D.C. — Union Pacific said Monday it would bring Jim Vena, a former executive vice president and chief operating officer at Canadian National (CN), out of retirement to become the railroad's new COO as of January...

Editorial: Rail safety concerns require strict oversight

(Source: Editorial in the Winnipeg Free Press, January 8, 2019) WINNIPEG — In the end, it comes down to trust. Is it reasonable for governments, and the regulatory bodies they create and support, to trust profit-driven private industries to police themselves on...

Exhausted, sleep-deprived workers on trains in Manitoba, report reveals

(Source: Winnipeg Free Press, January 7, 2019) OTTAWA — CN trains travelling across Manitoba are being operated by overtired railway staff who are unable to take their mandated rest breaks, with some even falling asleep while on shift. Full story: Winnipeg Free...

Amtrak opts to keep Vermont lines operating

(Source: St. Albans Messenger, January 7, 2019) ST. ALBANS, Vt. — As of 2019, the Vermonter will continue its run from Rail City. After rumors that Amtrak would shut down its Vermont services at the end of 2018 and substitute those services with bussing, Amtrak...

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