Cowen shipper survey: Price increases expected
Shippers expect a 2.9% price increase from the railroads over the next 6-12 months, according Cowen and Company’s Second-Quarter 2016 Rail Shipper Survey (downloadable from the link below).
Management
CSX releases coal-impacted second quarter earnings
CSX on July 13th announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of last year.
LRIW now accepting nominations for 2016 Member of the Year
The League of Railway Industry Women (LRIW) on July 12 opened nominations for its “Outstanding Member of the Year” award.
FEC: Big trains, big ships
The panamax era has begun in Miami, and Florida East Coast Railway (FECR) stands ready to handle intermodal containers from the Pacific Rim arriving on the gargantuan ships via the enlarged Panama Canal.
CP: Moving grain with an Item 6
Canadian Pacific’s Crowsnest Subdivision is busy with grain trains as prairie elevators are cleared to accept the coming harvest. CP has been pairing trains through the subdivision by giving two trains simultaneous clearance, with the on-board conductors responsible for keeping them safely apart.
Commentary
Labor’s not-so-smart gamble on FRA
News items: A convoy of self-driving trucks recently traversed Europe. Driverless trucks are undergoing public-road testing in California and Nevada. And Transportation Secretary Anthony Foxx supports development of vehicles “that can drive themselves better than a human.” Baby boomers may be skeptical, but not digital-native millennials.
Transdev wins Detroit tram contract
Transdev North America announced on June 30 that it has been awarded a $15.5 million contract by M1-Rail to operate and maintain Detroit’s first modern tram line.
Lor joins WSP | Parsons Brinckerhoff as rail projects manager
Rik Lor will manage the delivery of rail projects as a senior engineering manager in the transit & rail technical excellence center of WSP | Parsons Brinckerhoff, the global engineering and professional services organization.
CN appoints Mike Cory as chief operating officer and Ghislain Houle as chief financial officer
Luc Jobin, incoming president and chief executive officer of CN announced on June 27th the appointments of Mike Cory as executive vice-president and chief operating officer, and Ghislain Houle as executive vice-president and chief financial officer.
Mosseri joins Parsons as VP and New York region Business Development Manager
Parsons announced that Gill Mosseri recently joined the corporation as Vice President and New York Region Business Development Manager for its Infrastructure business unit (BU).