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Rail Industry News

Hoffa: NAFTA should deal with trucking, labor

(Source: Column by Teamsters President James P. Hoffa published in the Detroit News, October 4, 2017) DETROIT — As governments continue to grapple with much-needed changes to the North American Free Trade Agreement (NAFTA), U.S. and Canadian Teamsters have joined...

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NS to release 3Q 2017 earnings on October 25

(Source: Norfolk Southern press release, October 3, 2017) NORFOLK, Va. — Norfolk Southern Corporation will announce its third-quarter financial results during a conference call and live internet webcast at 8:45 a.m. EDT on Wednesday, Oct. 25, 2017. Quarterly earnings...

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New rail spur to beef up Oakland’s meat exports

(Source: Container Management, October 3, 2017) SURREY, UK — The Port of Oakland has approved an $11 million rail connection for Cool Port Oakland, which will act as a key link in the US-Asia meat export chain. The two mile-long rail spur will connect Union Pacific...

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Phillips 66 agrees to drop lawsuit over oil trains

(Source: Tribune News, October 2, 2017) SAN LUIS OBISPO, Calif. — Phillips 66 has agreed to dismiss its lawsuit challenging San Luis Obispo County’s denial of its plan to build a rail spur to transport crude oil to its Nipomo refinery, environmental groups said...

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Opinion: Public workers deserve our respect

(Source: Governing.com opinion column by Lee Saunders, President of AFSCME, October 2, 2017) WASHINGTON, D.C. — Government is not the politicians in Washington. It's not capitol domes or imposing buildings with marble halls. Government is hardworking people who...

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Analyst: Canadian train stocks preferred to CSX, UP

(Source: Benzinga, October 2, 2017) NEW YORK — U.S. rail stocks may be losing their steam. On Monday, Morgan Stanley analyst Ravi Shanker downgraded CSX Corporation and Union Pacific Corporation and said investors should be hopping aboard Canadian rail stocks Canadian...

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