Commentary

‘This Scenario Is a Bit Unusual’

CSX President and CEO Joe Hinrichs got the wheels turning in late August when his railroad took labor negotiations out of national handling through the National Carriers Conference Committee (NCCC) and, well

(Logo Courtesy of NASA)

AAR Seeks Waiver of Compliance for C3RS Program

The Association of American Railroads (AAR), on behalf of its members, “requests relief required” to participate in the Federal Railroad Administration’s (FRA) Confidential Close Call Reporting System (C3RS) Program, the FRA reported in

NTSB Releases Illustrated Digest of East Palestine Investigation Report

The National Transportation Safety Board (NTSB) on Sept. 24 released an illustrated digest of its investigation into the 2023 derailment of a Norfolk Southern (NS) freight train carrying hazardous materials in East

(CSX Photograph)
Commentary

TD Cowen 3Q24 Earnings Preview

We adjust our third-quarter 2024 estimates for the U.S. railroads to reflect volumes quarter-to-date (QTD), mix headwinds and diesel tailwinds. Our TD Cowen rail survey offers a slightly negative read for the rail pricing outlook. Hurricane Helene could have notable impact in the fourth quarter for the Eastern carriers but it is too soon to know just how much. We remain cautious on U.S. group into the print.

Country View Family ribbon-cutting ceremony for its new feed mill in Columbia, Pa. (Photograph Courtesy of Norfolk Southern)

NSRR, NS to Serve New Pennsylvania Feed Mill

Country View Family Farms, an affiliate of the Clemens Food Group, on Sept. 27 held the grand opening of its new feed mill in Columbia, Pa., to be served by North Shore

Canadian Pacific Kansas City Constable Trevor Smith is this year’s winner of the Roger Cyr Award for “extraordinary contributions to rail safety in Canada,” according to Operation Lifesaver Canada. (Image Courtesy of Operation Lifesaver Canada)

Class I Briefs: CSX, NS, CPKC

CSX and Norfolk Southern (NS) each contribute $100,000 to Hurricane Helene relief efforts. Also, Canadian Pacific Kansas City (CPKC) Police Constable Trevor Smith earns Operation Lifesaver Canada’s 2023 Roger Cyr Award.

(NS Photograph)

NS Confers 2023 Safe Shipping Award

Norfolk Southern (NS) has awarded its 2023 Thoroughbred Chemical Safety Award to 59 customers, recognizing their safe handling of rail-shipped hazardous materials.

NS Names Brian Barr VP and Chief Mechanical Officer

Norfolk Southern (NS) on Sept. 26 named Brian Barr as Vice President and Chief Mechanical Officer. In this role, Barr, who will report to Chief Operating Officer John Orr, will lead mechanical

Class I Briefs: UP, CSX, NS, BNSF

Union Pacific (UP) and The Manufacturing Institute release “Careers on Track: 3 Years of Impact,” a video highlighting their joint efforts to inspire the workforce of tomorrow. Also, CSX President and CEO Joe Hinrichs celebrates his second anniversary with the Class I; Norfolk Southern’s (NS) Norris Yard drives performance improvements; and BNSF completes a maintenance project on its bridge in Sibley, Mo., one of the last single-track sections on the Class I’s Southern Transcon route.

(Logo Courtesy of Ports of Indiana and OmniTRAX)

Mount Vernon Railroad Launches, Serves Southwest Indiana Port

The Ports of Indiana and OmniTRAX on Sept. 25 reported the name of their new switching railroad serving customers at the southwest Indiana port: Mount Vernon Railroad.

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