Buffett: Berkshire will not bid for CSX or Norfolk Southern

Train rounding curve in mountains

OMAHA, Neb. — BNSF Railway wants to date CSX — but has no interest in getting married. Five days after Union Pacific announced its $85 billion deal to acquire Norfolk Southern, Berkshire Hathaway Chairman Warren Buffett and CEO designate Greg Abel told CSX CEO Joe Hinrichs that they would not bid for the Eastern railroad. […]

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TTX joins RailPulse telematics joint venture

TTX has joined the RailPulse Coalition, becoming the latest member of the cross-industry effort to transform railcar visibility, safety, and efficiency through the adoption of telematics and data standardization. TTX’s entry into RailPulse adds the scale, operational expertise, and fleet management capabilities of North America’s leading shared railcar provider, the companies said today. TTX, which […]

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Congressman says SEPTA cuts could endanger Amtrak’s Keystone Service

blue and silver passenger train passes brick tower

HARRISBURG, Pa. — A Pennsylvania Congressman says he has been told that Amtrak’s Keystone Service — the Harrisburg-Philadelphia-New York route offering 13 weekday round trips — could be in jeopardy if state legislators don’t address the funding crisis that has the Southeastern Regional Transportation Authority planning major service cuts. The online news site Pennsylvania Capital-Star […]

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Inside the merger mind of Union Pacific CEO Jim Vena

Single locomotive with train of containers

OMAHA, Neb. — When Jim Vena walked into the Union Pacific Center for the first time as CEO two years ago today, he was toting a black, spiral bound notebook that he takes everywhere. Among the entries jotted on the back pages — where he lists ideas, priorities, and possibilities — was a single word, […]

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FRA disbands Railroad Safety Advisory Committee

Logo for Federal Railroad Administration

WASHINGTON — The Federal Railroad Administration today disbanded its Railroad Safety Advisory Committee as part of a broader Department of Transportation push to bring federal advisory panels in line with a presidential executive order. “These committees are long overdue for a refresh. Many have not held a single meeting in over a year, while others […]

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CSX eyes growth, service gains amid merger speculation

Intermodal train navigating switches

Amid merger speculation and ongoing freight doldrums, CSX will continue to focus on its own growth, service, and operations initiatives, Chief Commercial Officer Kevin Boone told an investor conference today. “Despite a trucking market that’s not really helpful right now … we are seeing truck conversions coming in every week,” Boone says. “I think that […]

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