Commentary

NEARS Report: ‘The Seidl & Hatch Show’

Jim Blaze reporting on the NEARS (Northeast Association of Rail Shippers) Fall Conference: ABH Consulting independent analyst Tony Hatch and TD Cowen Managing Director/Railway Age Wall Street Contributing Editor Jason Seidl have

Commentary

NEARS Report: How FTR Sees the Market

Jim Blaze reporting on the NEARS (Northeast Association of Rail Shippers) Fall 2023 Conference: FTR Transportation Intelligence Vice President Rail and Intermodal Todd Tranausky and his colleagues conduct high-quality research. They are one

Commentary

NEARS Report: Oberman’s Regulatory Views

Jim Blaze reporting from Portland, Me., NEARS: STB Chairman Marty Oberman delivered an interpretation that suggests his independent members are still awaiting insight from the private “Big Six” as to reciprocal switching

BLET Presses FRA for Emergency Order on ‘Excessive’ Train Length (UPDATED)

Citing numerous recent accidents caused in part by “excessively long” trains, the Brotherhood of Locomotive Engineers and Trainmen (BLET) is urging the Federal Railroad Administration (FRA) to issue an Emergency Order establishing

CPKC (William C. Vantuono Photograph)

CPKC Releases First Merger Oversight Report

In accordance with the Surface Transportation Board’s (STB) Oversight Decision No. 1, Canadian Pacific Kansas City (CPKC) on Oct. 15 provided its initial data submission related to service, operations and competition—a requirement

Commentary

STB and Reciprocal Switching: Abject Regulatory Failure

Frank Wilner and Bill Huneke have started a friendly debate in this publication over the merits and demerits of the recent STB ruling on reciprocal switching. As an academic who has done

From Left to Right: George Moubayad, Chief Sustainability and Strategy Officer, Caterpillar; Patrick Watz, Midwest District Transportation Leader, WSP; Matthew Lunemann, Vice President and Engineering Director, Tunneling and Geotechnical Group, STV; and Angel Peña, Vice President for Rail and Transit, Texas/Mountain Region, STV.

People News: Caterpillar, WSP, STV

Caterpillar, Inc. names George Moubayad as its new Chief Sustainability and Strategy Officer. Also, WSP promotes Patrick Watz to Midwest District Transportation Leader; and STV appoints Angel Peña as Vice President for Rail and Transit in the firm’s Texas/Mountain Region and welcomes Matthew Lunemann as Vice President and Engineering Director in its Tunneling and Geotechnical Practice.

STB Outlines ‘Lapse in Appropriations’ Policy

When a government shutdown was looming late last month, Railway Age readers may have wondered how the Surface Transportation Board (STB) would function. So did U.S. Sen. Rand Paul (R-Ky.), who on

Class I Briefs: NS, CPKC, CN

Safety improvements are coming to Norfolk Southern (NS)-served communities in Birmingham and Trussville, Ala. Also, CPKC hosts a delegation at its headquarters in Kansas City, Mo.; and CN’s Dangerous Goods team earns the TRANSCAER National Achievement Award.

(Autorack Photograph Courtesy of Trinity)
Commentary

TD Cowen: 3Q23 Surveys Say …

Railcar demand showed some resilience against a tough macro backdrop, although we view the results of our third-quarter 2023 Rail Equipment Survey as a slight incremental negative for manufacturing and possibly a slight positive for leasing. Our third-quarter 2023 Rail Survey showed that expected rate increases were +3.2%, declining sequentially and sitting below the survey’s long-term average. Business growth expectations remain unchanged, and economic confidence worsened.

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