COLUMBUS, Ohio — Freight rail firm Cathcart Rail has signed an agreement to purchase the railcar repair business of The Andersons, Inc. The purchase is expected to close this summer. “The Andersons railcar repair network aligns perfectly with Cathcart Rail’s strategic goal of offering a broad array of rail services across a national footprint, we […]
SAN DIEGO – Union Pacific and autonomous trucking company TuSimple have delayed plans to begin driverless truck moves between the railroad’s Tucson intermodal terminal and the Phoenix area. The companies in February said they’d launch the service this spring. But the service has been pushed to the third quarter because TuSimple and UP have shifted […]
ATLANTA — Norfolk Southern President Alan Shaw spent his first two days as CEO visiting railroaders across the system and vowing to restore service to normal levels. On Sunday, when he added chief executive to his title as president, Shaw headed to DeButts Yard in Chattanooga, Tenn., where he spent time in the main tower, […]
Norfolk Southern CEO Jim Squires retired over the weekend, passing the baton to new NS President Alan Shaw effective May 1. Squires, who became chief executive in 2015, had an eventful tenure at the helm. Under Squires’ watch, NS fended off unwanted merger advances from Canadian Pacific, pared its Triple Crown RoadRailer service amid the […]
WEST PALM BEACH, Fla. — Brightline and the Florida Department of Transportation will seek a $25 million federal grant to help fund a $45 million project to address ongoing grade-crossing accidents along the passenger operator’s route in South Florida. The Palm Beach Post reports in a paywalled article that the project would make improvements at […]
OMAHA, Neb. — Railroad union members, who have been increasingly vocal about working conditions and the lack of a new contract, protested Saturday at the annual meeting of BNSF Railway parent Berkshire Hathaway, picketing and handing out leaflets outside the meeting site. The Brotherhood of Locomotive Engineers and Trainmen has also taken out ads in […]
Let’s set aside the railroad industry’s current bout of temporary service problems and discuss something more important. Class I railroads’ local service — which ranges from OK to downright embarrassing — for years has been where the rubber meets the road. Shippers divert rail shipments to trucks when a local regularly fails to show up, […]
CHARLESTON, W.Va. – Russia’s self-inflicted economic recession resulting from the Ukraine war will likely undo more than a decade’s worth of economic progress, as other countries end dealings with the Russians. For the U.S., this is an opportunity to increase exports, bolstering its relevance as a swing supplier. Coal and grains in particular are commodities […]
MONTREAL — New CEO Tracy Robinson likes what she sees at Canadian National. “As I sit here, 60 days in … I can tell you that I’m more excited about our prospects than when I first arrived,” Robinson told investors and analysts on the railway’s earnings call this week. “At CN, we have an incredible […]
WASHINGTON – Federal regulators have ordered Canadian Pacific to resubmit specific traffic density data that will be used as part of its Kansas City Southern merger application. The Surface Transportation Board’s decision, issued on Wednesday, keeps review of the first Class I railroad merger in two decades on hold. CP must submit new baseline traffic density […]
WASHINGTON — Utilities are worried that the slowdown in coal deliveries could threaten U.S. electricity supply and destabilize the power grid. Chemical producers say erratic rail service has forced them to curtail production of essentials like chlorine used to treat public drinking water systems and the plastics used in medical products. And one of the nation’s […]
KANSAS CITY — CEOs Keith Creel of Canadian Pacific, Katie Farmer of BNSF, and Jim Foote of CSX are among those scheduled to appear at the annual meeting of the North American Rail Shippers, set for May 9-11 in Kansas City. Others set to take part are Patrick Fuchs; Anthony B. Hatch of ABH Consultiong; […]
