Evergreen Shipping Agency (America) Corp. announced on May 10, 2016 that it has named CN as its 2015 Railroad Company of the Year in recognition of CN’s “consistent high level of performance” and superior customer service. This is the second consecutive year CN has won the Evergreen award.
CN announced on May 5, 2016 it has been recognized as one of the three recipients of the prestigious Responsible Care Partner of the Year award of the American Chemistry Council (ACC), as well as a a 2015 National Achievement Award from Transportation Community Awareness and Emergency Response (TRANSCAER®).
“We would still be buyers of Norfolk Southern stock,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl wrote in Reiterate Outperform—Just the Tip of the Iceberg, on May 5, 2016.
CN and the Canadian Pacific announced on May 5, 2016 that they are contributing a minimum of C$150,000, combined, to help people affected by the devastating wildfires that have swept through Northern Alberta, forcing emergency evacuations of some 80,000 people and destroying thousands of homes and businesses.
From the May 2016 issue of Railway Age: Specialized equipment and training help protect assets from wildfire damage. Every summer, particularly in the Western U.S. and Canada, fires triggered by lightning or human activity are an ordinary occurrence. During recent summers, however, wildfires have put railroads increasingly in the crosshairs.
Now that I have your attention, I’ll say it again: The last thing the North American railroad industry needs for the foreseeable future is the long-talked-about “final round of mergers,” resulting in two gargantuan transcontinental Class I carriers that will still have to deal with getting through Chicago.
Cover story from the May 2016 issue of Railway Age: Norfolk Southern has been looking over its shoulder for almost a year. Now, it can focus its attention ahead.
Aurora, Ill., voted no on one of the more contentious railroad issues of our automated times: Should freight trains be allowed to operate with one-person crews, with technology taking the place of a second crew member?
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl returned from attending the April 26-28, 2016 North East Association of Rail Shippers (NEARS) Spring Conference in Baltimore “with updated thoughts on the rail industry”:
Noting “a challenging economic environment,” CN announced a “very solid” first-quarter performance for 2016.