Railroad intermodal growth rates appear to have plateaued, and the ELD (Electronic Logging Device) mandate has changed some dynamics in the motor carrier market. Does this mean most low-hanging fruit has already been converted to rail, or can the railroads take advantage of the ELD disruption and capture additional market share?
Canadian Pacific Railway’s Expressway service, operating between Milton (Toronto) Ontario and Montreal, will close effective June 1, 2018.
CN President and CEO Luc Jobin has unexpectedly stepped down, effective immediately. The railroad’s Board has appointed Executive Vice President and Chief Marketing Officer.Jean-Jacques Ruest Interim President and CEO “until a permanent replacement is in place.”
The Surface Transportation Board has updated its long-standing rules on ex parte communications.
WASHINGTON – Ronald L. Batory officially became the 14th United States Federal Railroad Administrator on February 28, 2018. In the presence of his family, and numerous colleagues he has known throughout his 47-year career as a railroader, Batory was sworn in by U.S. Transportation Secretary Elaine Chao.
The Midwest Association of Rail Shippers (MARS) elected its 2018 slate of officers at its annual Winter Meeting earlier in January.
Wabtec Corp., in reporting results for its 2017 fourth quarter and full year, and issuing 2018 financial guidance, referred to 2017 as “a year of transition” in which the company “made excellent progress on the Faiveley Transport integration and continued to invest in worldwide growth opportunities,” according to President and CEO Ray Betler.
GE Transportation has signed a $1 billion framework agreement with Ukrainian Railways for supply of 30 TE33A Evolution Series freight locomotives, additional locomotive kits over 10 years, rehabilitation of locomotives in the railway’s legacy fleet, and long-term maintenance services.
One of the oldest railroad bridges in Wisconsin, a more-than-century-old, 2,200-foot timber structure spanning the Wisconsin River at Spring Green on the Wisconsin & Southern Railroad’s (WSOR) Prairie Subdivision, has undergone a a major improvement project. WSOR, a Watco Cos.subsidiary, and the Wisconsin Department of Transportation (WisDOT) collaborated on the project.
U.S.-based large vehicle wash system manufacturer Westmatic Corp. of Buffalo, N.Y., a subsidiary of the Westmatic Group, has appointed Christian Jordan Director of Operations.