CSX reports record third-quarter earnings
With quarterly operating income of $933 million, an operating ratio of 68.3%, and net earnings of $507 million, CSX posted record financial results for the third quarter of 2015.
Management
UP says “Your Life is Worth the Wait”
Union Pacific has taken a fresh, positive approach to educating the general public about railroad grade crossing safety. Rather than focus on the consequences of driving or walking around lowered railroad gates—death, serious injury—UP, in a new social media campaign, is emphasizing that life, and all its potential, is worth waiting for the brief amount of time it takes for a train to pass and the gates to go up.
Freight traffic down through first three quarters of 2015
In reporting weekly U.S. rail traffic, as well as volumes for September 2015 and the first nine months of 2015, the Association of American Railroads (AAR) noted that modest gains in intermodal were not enough to completely offset declines in certain carload commodities, especially those tied to energy and steel.
Blue Ribbon Panel: How to unclog Chicago
A Blue Ribbon Panel convened by Amtrak is recommending co-located train dispatchers, improved operating practices, and capital improvement projects to help relieve rail gridlock in and around Chicago and prevent an estimated $800 billion in nationwide economic impacts resulting from the congestion.
AllTranstek hires Nicole Lev Ross as VP of Strategy and Consulting
Downers Grove, Ill.-based AllTranstek, LLC has hired Nicole Lev Ross as Vice President of Strategy and Consulting, the company announced Sept. 29, 2015. She will work with senior management in heading up strategic services, working on the company’s growth initiatives and expansion of its global rail consulting practice.
NS’s Butler honored with yard renaming
Norfolk Southern is honoring Executive Vice President Planning and Chief Information Officer Deborah Harris Butler, who is retiring Oct. 1, 2015, by renaming its classification and intermodal yard in Memphis, Tenn., “Harris Yard.”
Leadership transition at Norfolk Southern
Continuing a tradition of smooth leadership transitions, Norfolk Southern Executive Chairman Charles W. “Wick” Moorman will be stepping down effective Oct. 1, 2015. President and CEO James A. Squires will become Chairman.
CP, NS complete D&H South sale
Canadian Pacific Railway Ltd. has completed the sale of a 282-mile segment of its Delaware & Hudson subsidiary to Norfolk Southern Corp.—the D&H South line, which connects Schenectady, N.Y., with Sunbury, Pa.
NS restructuring Triple Crown Services
Norfolk Southern Corp. announced on Sept. 18, 2015 that it is restructuring its Triple Crown Services (TCS) subsidiary to focus on the transportation of automobile parts. The railroad said will work with shippers and logistics partners to convert other business TCS handles into NS’s current intermodal network.
CN, CSX earn sustainability accolades
The Dow Jones Sustainability Index has named CSX and CN Sustainability Leaders.