New roles for Wabtec’s Neupaver, Betler
Wabtec Corp. has named Albert J. Neupaver Executive Chairman and promoted Raymond T. Betler to President and CEO, effective May 14, 2014. Betler was also appointed to the Wabtec Board of Directors.
Management
Managing the lineup
Strategic business plans aligned with a strategic technology plan can provide more-effective interchange data and traffic control processes.
Class action suit targets KCS
Kansas City Southern appears to have become the target of shareholder class action, including from a law firm claiming the Class I railroad “and certain of its executive officers made a series of false and misleading statements in violation of the Securities Exchange Act of 1934,” pertaining to the company’s Mexican operations.
Commentary
BNSF’s best days are just ahead
If recent reports published by Railway Age and others regarding BNSF’s clogged network have managed to discourage any shipper or industry-related investor, I have news that might brighten their outlook.
CP extends CEO Harrison’s contract
Canadian Pacific Railway said Wednesday, May 7, 2014, it had agreed to a contract extension with CEO E. Hunter Harrison, adding a year to his term, which will now run until 2017.
Gary Colter named new CP chairman
Canadian Pacific Railway announced Thursday, May 1, 2014, the election of Gary F. Colter as chairman of the company’s Board of Directors.
Prendergast fires Williams as LIRR president
Long Island Rail Road President Helena Williams is the latest casualty in a series of sweeping changes New York Metropolitan Transportation Authority Chairman Thomas F. Prendergast has been making since he took office. Prendergast fired Williams, 58, following an MTA board meeting on Wednesday, April 30, 2014.
UTU-SMART, BLET to take two-person crew laws to the state level
As part of their ongoing effort to secure a law mandating a minimum of two crew members in all locomotive cabs, the Brotherhood of Locomotive Engineers and Trainmen (BLET) and the United Transportation Union-Sheet Metal, Air, Rail and Transportation Workers (UTU-SMART) have provided their state legislative boards with model legislation to secure minimum crew size laws on the state level.
AAR: North American carloads flat, intermodal up
Combined North American rail volume for the first 16 weeks of 2014 on 13 reporting U.S., Canadian, and Mexican railroads totaled 5,898,862 carloads, flat compared with the same point last year, and 4,984,696 intermodal trailers and containers, up 4.5% compared with last year, the Association of American Railroads (AAR) reported on Thursday, April 24, 2014.
Basin Transload, BNSF to connect with Tesoro oil facility via new pipeline
Basin Transload LLC, a 60%-owned subsidiary of logistics and marketing company Global Partners LP that transloads crude oil to BNSF, has executed a pipeline connection agreement with Tesoro High Plains Pipeline Company LLC, a subsidiary of Tesoro Logistics LP.