Canada’s Minister of Transport, Marc Garneau, has announced new orders restricting speeds of trains transporting hazardous materials, and updating rules regarding track safety and inspections. The first of the three ministerial orders issued Friday replaces temporary rules issued on Feb. 6 in response to a Canadian Pacific derailment and fire [see “Canadian government orders speed […]
Bloomberg is reporting that oil companies may be looking for tank cars to store an excess of crude oil in the U.S. Companies are running out of convenient places to store crude oil while prices hover just over $22 a barrel in national markets and domestic supplies remain high amid a demand slowdown during the coronavirus pandemic. […]
REMSA news release DALLAS — Through our joint effort — aimed at bringing benefit to those within the rail industry — The Railway Engineering-Maintenance Suppliers Association and Stahl Recruiting are partnering on a 2020 Webinar Series. As REMSA members account for several of Stahl Recruiting business partners, it made sense to collaborate. Join us on […]
Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending March 28, 2020, as well as volumes for March 2020. U.S. railroads originated 899,673 carloads in March 2020, down 6%, or 57,148 carloads, from March 2019. U.S. railroads also originated 935,380 containers and trailers in […]
Some significant rail news for Saturday morning: — The $2 trillion coronavirus relief package passed by the House of Representatives and signed by President Trump on Friday includes expansion of railroad unemployment benefits, in addition to the previously reported financial aid for Amtrak and transit agencies [see “Trains News Wire Digest for Thursday, March 26”]. […]
A northbound Canadian National merchandise train overtakes a local near Byron, Wis., in July 2019. With carloads down 6% this year, CN has currently furloughed 7% of its workforce. TRAINS: David Lassen MONTREAL — Canadian National will cut costs as carload volume falls amid the coronavirus pandemic, but the railway expects bulk and domestic intermodal […]
More Thursday morning rail news: — The San Jose, Calif., area’s Valley Transportation Authority has suspended light rail service indefinitely after a VTA employee tested positive for the COVID-19 virus, the East Bay Times reports. In a letter to employees posted by their union on its Facebook page, VTA general manager and CEO Nuria I. […]
A westbound Norfolk Southern intermodal train passes through Goshen, Ind., in March 2018. Norfolk Southern stock has dropped 45% since Feb. 19 as part of the general market selloff triggered by the coronavirus pandemic. TRAINS: David Lassen Railroads should brace for sharp traffic and revenue declines this year as the coronavirus pandemic plunges the global […]
Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending March 21, 2020. For this week, total U.S. weekly rail traffic was 459,966 carloads and intermodal units, down 8.6% compared with the same week last year. Total carloads for the week ending March 21 were […]
Class I railroads have begun closing some automotive ramps to inbound multilevel traffic due to the impact of the coronavirus pandemic, with BNSF Railway taking the unusual step of placing embargoes on all 23 of its auto distribution centers. “As a result of the quickly developing conditions related to COVID-19, some car dealers and distribution […]
CALGARY, Alberta – Canadian Pacific CEO Keith Creel sought to reassure investors that the railway is well positioned to weather the economic downturn related to the coronavirus epidemic despite an anticipated decline in traffic and revenue. “This company is weathering the storm, and weathering the storm quite well,” Creel said during an investor call on […]
Labor unions representing rail and transit workers have asked the Federal Railroad Administration for two emergency orders to address the dangers in their work environments amid the ongoing coronavirus pandemic. The orders, requested March 20, are requested for Class I railroads and for Amtrak and passenger operators. “Currently, the railroads have made very little effort […]
