Rail Industry News

(Source: True Blue Tribune, August 23, 2017) NEW YORK — Kansas City Southern SVP Mary K. Stadler sold 4,451 shares of the company’s stock in a transaction that occurred on Friday, August 18. The stock was sold at an average price of $105.87, for a total value of...

(Source: Forum News Service, August 23, 2017) GRAND FORKS — Workers repairing part of the Grand Forks railroad bridge after the structure was engulfed in flames last week could be finished by the end of Thursday, Aug. 24. Full story: West Central Tribune

(Source: www.nj.com, August 23, 2017) NEWARK, N.J. — The derailment of an NJ Transit train Wednesday morning at Penn Station, New York, is the latest in a series of accidents and other travails over the past year for the beleaguered agency. Full story: www.nj.com

(Source: International Brotherhood of Teamsters press release, August 23, 2017) WASHINGTON, D.C. — Unions in Missouri were angered earlier this year when newly elected Gov. Eric Greitens signed into law legislation that would have made the “Show Me” state the 28th to...

(Source: West Virginia Record, August 23, 2017) MOUNDSVILLE, W.Va. — The operator of several coal mines in Marshall County alleges that CSX Transportation cost it missed sales opportunities because of its failure to provide for delivery of loaded railcars....

(Source: Food and Wine, August 23, 2017) NEW YORK — Ongoing issues with the freight-train company CSX Corp is having surprising ramifications for some of America's major fried potato products, according to the Wall Street Journal. In March, the struggling railroad...

(Source: Crain’s Chicago Business, August 23, 2017) CHICAGO — One of the daily nuisances caused by the tangle of the Chicago area's nearly 4,000 miles of rail track can be seen at the 71st Street grade crossing just east of Western Avenue. Motorists are routinely...

(Source: Institutional Investor, August 23, 2017) NEW YORK — Paul Hilal’s new Mantle Ridge activist fund, a special-purpose vehicle launched last summer after he left Bill Ackman’s Pershing Square, has almost hit the $2 billion mark, after raising some $1.2 billion...

(Source: Fortune.com, August 23, 2017) NEW YORK — Hunter Harrison is delivering a lecture on the right way to run a railroad — the Hunter Harrison way. “I say this with the appropriate degree of humility,” drawls the recently named chief executive of CSX, America’s...

(Source: International Brotherhood of Teamsters press release, August 22, 2017) WASHINGTON, D.C. — The following is a statement by Teamsters General President Jim Hoffa in response to the conclusion of the first round of NAFTA renegotiation talks that ended Sunday....

(Source: Canadian Pacific Railway press release, August 21, 2017) CALGARY, Alberta — The CP Canada 150 train has completed its cross-country tour, connecting thousands of Canadians with the history of Canada and Canadian Pacific, while delivering an epic community...

(Source: CN press release, August 22, 2017) MONTREAL — CN announced today it moved a record 21.8 million metric tons of Western Canadian grain during the 2016-17 crop year. "Through innovation, collaboration and improved communication with our supply chain partners,...

(Source: www.nj.com, August 23, 2017) NEW YORK — An NJ Transit train with no passengers on board derailed at New York Penn Station early Wednesday, officials said. Full story: www.nj.com

(Source: International Brotherhood of Teamsters press release, August 22, 2017) ONTARIO, Calif. — Teamster warehouse workers and drivers who work at Vistar Foodservice’s distribution facility have been on strike since last week after more than a year of unsuccessful...

(Source: Business Insurance, August 22, 2017) CHICAGO — An appeals court has reversed a decision granting summary judgment to CSX Transportation Inc. in a lawsuit filed by an employee who said his employer retaliated against him for reporting safety concerns. Full...

(Source: Progressive Railroading, August 22, 2017) Amtrak's repairs at Penn Station in New York City have helped drive a record average weekday ridership for Port Authority Trans-Hudson (PATH). Full story: Progressive Railroading

(Source: Progressive Railroading, August 21, 2017) Class Is employed 147,540 workers in the United States as of mid-July, down 0.7 percent from mid-June's level and 3.4 percent from mid-July 2016's mark, according to Surface Transportation Board data. All six...

(Source: Journal & Courier, August 22, 2017) LAFAYETTE, Ind. — Amtrak's on-time performance went from bad to worse in July, and the federal government is growing increasingly frustrated with the primary driver of those delays: CSX. Full story: Journal & Courier

(Source: Railway Age, August 22, 2017) NEW YORK — CSX late Tuesday said it revised the way it calculates three key service metrics – Train Velocity, Terminal Dwell and Cars Online – to “more accurately reflect the company’s operational performance.” Full story:...

(Source: Fortune.com, August 21, 2017) NEW YORK — China will once again hold the title for the world’s fastest train. Following a fatal crash in 2011, the high speed train service reduced its upper limit from its then-record holding 350 km/h (217 miles/hour) to...