Analyst: Old king coal a (mildly) depressed old soul
The economy and competition from natural gas is dealing coal production a one-two punch, and that will hurt railroad traffic, according to the latest Dahlman Rose & Co. forecast. “U.S. coal demand
Author: Administrator
Global Railway Industries revenue rises in 4Q, 2008
London, Ontario-based Global Railway Industries, Ltd. says its revenue increased 68% to C$61.8 million (US$49 million), for fiscal year 2008 compared with year-earlier totals, while fourth-quarter revenue rose 59% to C$16.6 million
Analyst: Fewer amber trains of grain
A reduction in acres of grain planted is “not helpful for rail volumes” since today’s plantings will determine carloadings for fourth-quarter 2009 through second-quarter 2010, according to Morgan Stanley & Co. analysts
ASLRRA President’s Awards, Jake Awards announced
The American Short Line and Regional Railroad Association (ASLRRA) has recognized seven railroads with its President’s Award, honoring companies “that truly achieved exemplary safety accomplishments, both for the year and over extended
Rail fatalities down 13.5% in January
New safety statistics posted on the Federal Railroad Administration’s website Wednesday show that railroad fatalities declined 13.5% to a total of 45 in January compared with January 2008. Trespasser fatalities were down 15.4% to 22
Commentary
From the Editor: The Children’s Investment what’s-its-name
By William C. Vantuono, Editor Does anybody remember The Children’s Investment Fund? You know, the all-knowing activist hedge fund that spent much of 2007 and 2008 strutting about, hurling criticisms at CSX,
CP sells major stake in Detroit River Tunnel
Canadian Pacific Railway will receive $C110 million (US$86.9 million), plus additional proceeds of $C22 million based on future freight volume, in a transaction that will see Borealis Infrastructure acquire a majority interest in the Detroit
Palo Alto challenges California HSR plan
Palo Alto, Calif., is hiring legal counsel to object to plans by the California High Speed Rail Authority to route trains along Caltrain right-of-way. The city council claims the authority’s 2008 environmental
CN names four to Operations leadership slots
Canadian National Tuesday announced the appointment of four executives to leadership positions in operations, effective immediately. CN said Gordon Trafton (pictured), senior vice-president, Southern Region, is now senior vice-president, Strategic Acquisitions and
RailAmerica exec is ASLRRA “Safety Person of the Year”
The American Short Line and Regional Railroad Association (ASLRRA) has named Robert D. Jones, vice president of RailAmerica’s West Region, as the 2008 “Safety Person of the Year.” Jones was cited for