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U.S. Class I railroads prepare for Hurricane Sally

(Source: Freight Waves, September 14, 2020) CHATTANOOGA, Tenn. — Several U.S. Class I railroad operations are preparing to safeguard their networks ahead of Hurricane Sally’s anticipated landfall on Tuesday. The National Hurricane Center on Monday morning issued a...

BNSF names first female CEO of a major U.S. railroad

(Source: Reuters, September 14, 2020) NEW YORK — BNSF, the railroad unit of Warren Buffett’s Berkshire Hathaway Inc., on Monday named Kathryn Farmer as its new chief executive officer, making her the first female CEO of a major U.S. railroad. Full story:...

Private sector investment in NEC operations?

(Source: Railway Age, September 10, 2020) NEW YORK — For almost half a century, passenger rail service in the United States has resided in the public sector. Despite its unusual statutory charter, Amtrak’s voting shares belong to the U.S. Department of Transportation....