CREATE clears a way through Chicago
Is it logical to give a federal “high speed” grant to a snarled inner-city network where trains move at a crawl when they move at all? It makes more sense than you
Management
Railway Age names 2012 Short Line of the Year, 2012 Regional Railroad of the year
Railway Age magazine has named Vermont Railway the 2012 Short Line Railroad of the Year, and the Indiana Rail Road Co. its 2012 Regional Railroad of the Year. The awards will be presented at the American Short Line and Regional Railroad Association’s annual meeting in Indianapolis, Ind., Tuesday evening, April 24, 2012.
Maersk Line, BNSF team for “Flagship Service”
Madison, N.J.-based Maersk Line announced on Monday its new “Flagship import service direct from Asia to five key markets in North America—Chicago, Dallas-Fort Worth, Houston, Memphis, and northwest Ohio”—in conjunction with Class I railroad BNSF Railway.
UP CEO Jim Young to take medical leave
Union Pacific announced Friday that James R. Young , its chairman, president, and CEO, will take a medical leave of absence from his responsibilities as president and CEO while he is being treated for recently diagnosed pancreatic cancer. He will remain chairman of the board during his treatment.
Metals shippers honor Union Pacific
Union Pacific has been named Logistics/Transportation Provider of the Year at the 2012 American Metals Market (AMM) Steel Tube and Pipe Conference.
Buffett praises Matt Rose leadership
If 81-year-old Warren Buffett has a short list of candidates to succeed him as head of Berkshire Hathaway, he did not directly allude to it in his annual message to shareholders, released Saturday.
New oil-gas rail terminal on tap for Texas
Kinder Morgan Energy Partners, L.P. and Martin Midstream Partners L.P. have formed a joint venture, Pecos Valley Producer Services LLC, to develop a rail terminal in Pecos, Tex., to serve the growing oil and natural gas industries in the Permian Basin.
RailAmerica, RMI sign software pact
Atlanta-based RMI Wednesday said it has reached a five-year agreement with RailAmerica, Inc. for the implementation of RMI’s ExpressYard Car Repair Billing (CRB) and Operations Management Software System.
NS taps two for clean renewable diesel supply
Norfolk Southern said Tuesday that two fuel suppliers, Dynamic Fuels, LLC and Mansfield Oil Co., have signed an agreement to supply renewable diesel to the Class I railroad.
RailComm aids Indiana Railroad facility
Fairport, N.Y.-based RailComm said Monday it has been selected to provide a wireless remote control derail system for Indiana Railroad Co.’s facility in Jasonville, Ind.