Lynden Tennison, UP Chief Strategy Officer Union Pacific OMAHA, Neb. — Union Pacific today announced the pending retirement of Chief Strategy Officer Lynden Tennison, just six months after he was named executive vice president. Tennison began serving as executive vice president and chief strategy officer on Aug. 1, 2018. Two weeks later, when chief operating […]
NORFOLK, Va. — Norfolk Southern’s fourth-quarter operational improvements enabled it to store more than 300 locomotives and return 100 leased units even as the railroad hauled record volumes and gross ton-miles. NS continued to become more fluid this month, as average train speed was up 15 percent and terminal dwell was down 11 percent compared […]
WASHINGTON, D.C. — U.S. Rep. Dan Lipinski, D-Ill., will serve as chairman of the House Transportation and Infrastructure Committee’s Subcommittee on Railroads, Pipelines and Hazardous Materials, according to a committee announcement Thursday. Lipinski’s subcommittee’s jurisdiction includes all federal laws and programs regulating railroad transportation, including railroad safety, rail infrastructure programs, economic regulation, and railroad labor […]
CALGARY, Alberta — Canadian Pacific posted record financial results for the fourth quarter and full year on Wednesday, propelled by robust revenue growth and spikes in potash and energy-related traffic. CEO Keith Creel said “2018 was a record by almost every measure and will be remembered as a watershed year for our company.” For the […]
CALGARY, Alberta — Canadian Pacific CEO Keith Creel does not believe that the spread of Precision Scheduled Railroading to U.S. Class I railroads will increase regulatory risk for the industry. “There’s always a risk and we have to manage that. And I think you manage that by educating the regulators as well as the customers […]
Union Pacific OMAHA, Neb. — Canadian National veteran Jim Vena hasn’t yet finished his second week as Union Pacific’s new chief operating officer and he already sees some low-hanging fruit that’s ready for harvest. Expect to see UP begin running longer trains this year — and building the extended sidings to necessary to handle them. […]
OMAHA, Neb. — Union Pacific reported record net profits for the fourth quarter and full year on Thursday and said that its new Precision Scheduled Railroading operating plan would help it reduce costs, improve service, and boost traffic volume. Executives said they expect UP to reduce its operating ratio to below 61 percent this year […]
Association of American Railroads Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending Jan. 19, 2019. For this week, total U.S. weekly rail traffic was 543,111 carloads and intermodal units, up 6.9 percent compared with the same week last year. Total carloads for the […]
KANSAS CITY, Mo. — Kansas City Southern reported record results for the fourth quarter and full year, although executives said they were disappointed that the railroad’s service fell short of expectations in 2018. “We did not meet the expectations of our customers or shareowners, particularly in the areas of customer service and growth,” CEO Patrick […]
Pat Ottensmeyer, Kansas City Southern CEO TRAINS: David Lassen KANSAS CITY, Mo. — Kansas City Southern has hired a veteran Canadian National executive as a consultant who will help lead its gradual shift to Precision Scheduled Railroading during the next two years. Sameh Famhy, who was senior vice president of engineering, mechanical and supply management […]
Association of American Railroads Association of American Railroads WASHINGTON — The Association of American Railroads on Wednesday reported U.S. rail traffic for the week ending Jan. 12. For this week, total U.S. weekly rail traffic was 555,127 carloads and intermodal units, up 8.4 percent compared with the same week last year. Total carloads for the […]
James Foote, CSX Transportation CEO CSX Corp. JACKSONVILLE, Fla. — CSX Transportation set a record for the lowest U.S. Class I railroad operating ratio in 2018 and expects the key measure of efficiency to drop below 60 percent this year, a year ahead of schedule. “What an incredible year,” CEO Jim Foote said on the […]
