The Association of American Railroads (AAR) released August monthly figures with this nugget: Exclude coal, and the industry’s carloads were down only 1% in August 2016 from August 2015, or 8,703 carloads.
The Association of American Railroads (AAR) reported for the week ending September 3, 2016, total combined weekly rail traffic in North America was 703,721 carloads and intermodal units, down 4%.
In a Sept. 1, 2016 monthly progress report letter to the Senate Commerce Committee, House Transportation & Infrastructure Committee, Senate and House transportation appropriations committees and all relevant subcommittees, Surface Transportation Board Chairman Dan Elliott said the Board’s pending rulemaking on railroad revenue adequacy will not see further action until June 2017.
Approximately one month after billionaire hedge fund manager Bill Ackman dumped all his shares in Canadian Pacific Railway Ltd. and walked away with an estimated $1.5 billion to pursue other ventures, he has resigned from CP’s Board of Directors.
Hey, Mr. Trump! Yeah you! The guy with the odd orange hairdo. You interested in supporting an American industry that invests billions of private capital, building worthwhile things, instead of constructing that ridiculous, narcissism-inspired, “beautiful” Mexico-financed wall you want to erect on our border with a valued NAFTA partner?
If you think a theater of the absurd is limited to presidential candidates less popular than the Grinch who stole Christmas, you’re missing Surface Transportation Board (STB) dysfunction where Chairman Dan Elliott’s leadership is infuriating fellow Democrat Deb Miller and Republican member Ann Begeman.
Direct ChassisLink, Inc. (DCLI) announced that Ryan Houfek has joined the firm as Senior Vice President, Business Development.
Canadian Pacific announced Aug. 25, 2016 that it “welcomes the release of the full proceedings from the Canadian Transportation Safety Board’s (TSB) recent Transportation Safety Summit and urges government officials to take action on LVVRs (locomotive video and voice recorders).”
The Indiana Rail Road (INRD) and Venture Logistics on Aug. 24, 2016 officially opened the new Venture Rail Warehouse, decribed as “the first rail-served mega-warehouse constructed in Marion County in decades.”
Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ) Infra has reached an agreement with CN to purchase infrastructure for its planned 41.5-mile (67 km) Metropolitan Electric Network (REM) automated metro project in Montreal.