SPRINGFIELD, Va. — ENSCO Inc. will expand its railway inspection business with acquisition of KLD Labs Inc., a provider of automated wayside inspection technology and laser profiling products. ENSCO announced Tuesday it had entered into an equity purchase agreement to acquire KLD, which offers track inspection and assessment, fleet inspection and assessment, and asset management […]
MONTREAL — Canadian National CEO Tracy Robinson was singing from the same hymnal as other railroad leaders when she discussed safety during CN’s earnings call on Monday. All of the CEOs have stressed the importance of safety during their earnings calls this month in the wake of the disastrous Feb. 3 derailment of a Norfolk […]
DARIEN, Conn. — Genesee & Wyoming is set for changes at the top of its management structure. The company announced today that Jack Hellmann, G&W CEO for 16 years, has been named executive chairman of G&W’s North America and UK/Europe board of directors, effective Sept. 1. He will also become vice chair of Brookfield Infrastructure, […]
CALGARY, Alberta — Knight-Swift will shift its U.S.-Mexico intermodal traffic from Union Pacific to CPKC’s new single-line route beginning in May. CPKC and Knight-Swift announced their multi-year agreement today, just four days after Schneider said it would move its U.S.-Mexico intermodal business from UP to CPKC in May under a similar agreement. “This agreement creates […]
MONTREAL — Strength in bulk traffic and fluid operations propelled Canadian National to first-quarter records for operating income, revenue, and earnings per share. The strong quarter prompted CN to raise its financial outlook for the year to mid single-digit earnings per share growth, up from its previous guidance of low single-digit growth. “It’s important to […]
QUEBEC CITY — Alstom will build and 34 light rail trainsets for Quebec City’s tramway project and provide maintenance for 30 years under a C$1.34 billion contract announced today (Tuesday, April 25) by the manufacturer. The contract also includes an option for construction and maintenance of five additional trainsets. The equipment will be versions […]
BISMARCK, N.D. — BNSF Railway has received the final regulatory clearance for its long-delayed effort to replace its aging bridge over the Missouri River in North Dakota, and has begun preparatory work. A group that wants to save the bridge as a pedestrian and bike path, however, indicates it may take its effort to court. […]
LAS VEGAS — Members of Congress from Nevada and California are backing Nevada’s effort to land federal funding for the Brightline West high speed rail project, writing U.S. Transportation Secretary Pete Buttigieg to express “strong support” for the state’s grant application. Brightline West and the Nevada Department of Transportation applied for up to $3.75 billion […]
MONTREAL — Canadian National, Union Pacific, and Ferromex will launch new intermodal service next month linking Canada and Detroit with Mexico, the railroads announced today (Monday, April 24). The Falcon Premium service will connect a dozen CN terminals with the Ferromex terminals in Monterrey and Silao via the Eagle Pass, Texas, gateway. CN and UP […]
The publicly traded U.S. Class I railroads are putting more of an emphasis on service and volume growth in the annual incentive plans they offer to their executives. It’s a clear sign, analysts say, that the railroads are shifting into growth mode after years spent concentrating on reducing their operating ratios in a quest for […]
MONTREAL — Canadian National Railway and the Teamsters Canada Rail Conference have reached a tentative labor agreement, the parties announced Sunday. The agreement covers approximately 6,000 locomotive engineers, conductors, and yard workers in Canada, who now must ratify the deal. A ratification vote will be held via electronic secret ballot May 5-26. The union said […]
KEOKUK, Iowa — Patriot Rail, which acquired the Keokuk Junction Railway last year, has begun upgrading the railroad’s locomotive roster. The new owner has moved in a former CSX Transportation GP38-3, now LTEX No. 3048, and GP40-2 No. 6437, both in the Patriot Rail corporate paint scheme honoring veterans and troops. The cab sides include […]
