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The publicly traded Class I railroads will begin to report first-quarter earnings this week, with Kansas City Southern kicking off results on Friday. Investors may be more interested in learning how railroad management teams expect their systems to weather the economic storm caused by the coronavirus pandemic, which week by week has accelerated already-declining North […]
An Iowa Northern intermodal train arrives in Manly, Iowa, on Monday for handoff to the Union Pacific, transporting agricultural products for export as part of a new service between Los Angeles and Iowa. Iowa Northern: Brad Sabin Iowa Northern has begun regular service for its new intermodal service — a partnership with Union Pacific, Denver-based […]
AAR President and CEO Ian Jefferies recently published a new op-ed on Fox Business’ website praising railroads and their workers during this unprecedented coronavirus challenge. “Amid the coronavirus pandemic, the flow of groceries, pharmaceuticals and other essential goods is a stark reminder that transportation networks that bring those necessities to people are as vital as […]
WASHINGTON — The Association of American Railroads today reported U.S. rail traffic this week 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 March 2020, […]
OLYMPIA, Wash. — Gov. Jay Inslee has signed into law legislation mandating a minimum of two crew members on passenger and most freight trains operating in the state. The governor did veto a provision declaring the act effective immediately. “Given the complexity of this legislation, the Utilities and Transportation Commission [which has rail-safety oversight duties […]
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. […]
