Aadnesen retires from GREX
Chris Aadnesen is retiring as Executive Chairman of the Georgetown Rail Equipment Company (GREX) board of directors, following a long and distinguished railroad industry career, 15 of them with GREX.
Chris Aadnesen is retiring as Executive Chairman of the Georgetown Rail Equipment Company (GREX) board of directors, following a long and distinguished railroad industry career, 15 of them with GREX.
Rejuvenated rail traffic in the United States was ahead by double digits across-the-board in the most recent week, according to the Association of American Railroads.
Complaints by grain shippers and automakers have spurred the Surface Transportation Board to ask Class I railroads what they are doing to improve service across their networks.
Railroads in the United States originated 1,028,141 carloads in February, down 0.3% from the same month in 2017, the Association of American Railroads said.
Shipments of containers and trailers posted healthy gains while commodity carloads were weaker from a year ago.
Petroleum and related products were one of the few gainers as the Association of American Railroads reported U.S. weekly rail traffic was 508,239 carloads and intermodal units, down 2.9% from the same week a year ago.
Members of the Transportation Communications International Union (TCU) and Brotherhood Railway Carmen (BRC) have ratified new contract terms with the nation’s major freight railroads covering more than 17,000 employees.
Kansas City Southern reported record fourth quarter 2017 revenues of $660 million, an increase of 10% from fourth quarter 2016. Overall, carload volumes increased 5% compared to the prior year, also a fourth-quarter record.
Railroads are seeing the benefits of surging energy shipments to Mexico from the United States, as fuel exports have increased by 40% in the past two years.
The Alabama State Port Authority and APM Terminals boards of directors in separate actions have approved a $49.5-million expansion of the container facility at the Port of Mobile.