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WASHINGTON — Ratification of the tentative agreement between railroads and a dozen unions remains in limbo while final contact language is being formalized, according to a message from one of the operating unions to its members. A final version of the tentative agreement not expected until sometime this week at the earliest, the International Association […]
ALAMOSA, Colo. — Denver-based short line operator OmniTRAX has signed an agreement in principle to purchase the bankrupt San Luis & Rio Grande Railroad, Colorado’s Valley Courier newspaper reports. Bankruptcy trustee William Brandt told the newspaper that a letter of intent has been signed but negotiations are continuing to purchase the former Iowa Pacific Holdings […]
Union Pacific is booting Canadian Pacific out of the EMP domestic container pool. EMP, which rosters a 44,000-unit fleet of green 53-foot containers, is an interline intermodal partnership between UP and Norfolk Southern. CP, Canadian National, Kansas City Southern, and Florida East Coast also participate in EMP, which allows intermodal marketing companies to book loads […]
WASHINGTON — Details of the negotiations that led to a tentative agreement between railroads and unions began emerging Thursday night, with Labor Secretary Marty Walsh saying he kept the two sides in his office for more than five hours at the end of 20 straight hours of talks. “The unions were very persistent on what […]
CHICAGO — Class I railroads reached tentative agreements with unions in the early-morning hours of Thursday, Sept. 15, putting to rest uncertainties about the prospect of a widespread work stoppage that could have begun as soon as today (Friday, Sept. 16). In the days leading to Thursday’s tentative agreements, Class I railroads started curtailing certain […]
MONTREAL — Canadian National has released the 2021 data supplement to its sustainability report, providing information on the railroad’s progress in meeting its environmental and other social goals. Among the data released: — The railroad reduced its greenhouse gas emission intensity by 3.3% from 2020 and has reached 15% progress toward its target of a […]
The prospect of a disruptive U.S. freight railroad strike was averted thanks to the tentative deal reached overnight between the Class I railroads and the labor unions that represent engineers and conductors, but three key questions remain unanswered. And all of them suggest that railroads, their workers, shippers, and the U.S. economy are not out […]
Trains spoke with incoming CSX Transportation CEO Joseph R. Hinrichs today about his goals for the railroad that he’ll begin leading on Sept. 26. Hinrichs, 55, is an outsider who comes to CSX after a 30-year career in the auto industry. He previously served as president of Ford Motor Co.’s automotive business. The question-and-answer session […]
JACKSONVILLE, Fla. — CSX Transportation on Thursday named former Ford Motor Co. executive Joseph R. Hinrichs as its next chief executive officer. Hinrichs, 55, will succeed CEO Jim Foote, who will retire on Sept. 26. Hinrichs has more than 30 years’ experience in the global automotive, manufacturing, and energy sectors, previously serving as president of […]
WASHINGTON — The first freight railroad strike in three decades has been averted under a tentative deal reached overnight between Class I railroads and three labor unions, the White House announced early Thursday morning. The Class I railroads reached tentative agreements with unions representing engineers, conductors, and signalmen after 20 hours of negotiations at the […]
NEWARK, N.J. — NJ Transit announced Wednesday it had signed a three-year naming-rights agreement with Jersey City-based online wagering site BetMGM to rename the transit agency’s rail line to the station serving MetLife Stadium, home of the area’s two NFL teams, as the “BetMGM Meadowlands Rail Line.” NJ Transit did not announce the value of […]
JACKSONVILLE, Fla. — Patriot Rail Co. has completed its acquisition of Denver-based Pioneer Lines, nearly doubling the company’s short line operations. The transaction closed Wednesday following regulatory approval, Patriot said. It will expand the company from 16 to 31 railroads, with operations in 23 states. “We are pleased to bring Pioneer Lines railroads into Patriot […]
