As a long-retired railroad president and current rail and transportation aficionado—but certainly not an expert—I was encouraged by a friend to offer my perspective on the Norfolk Southern freight train derailment in East Palestine, Ohio.
Crew Heimer joins Jim Blaze to look at what improvements can be done with respect to train derailments like that in East Palestine, Ohio. They suggest a better-quality use of the data
Ulysses S. Grant was president, America was made-up of just 37 states and BNSF predecessor Lake Superior and Mississippi Railroad (LS&M) started service in the port city of Duluth, Minn.
The rail accident that occurred Feb. 3 in East Palestine, Ohio, has generated significant interest, curiosity and concern about hazardous materials being transported by rail. Our company, Union Pacific (UP), and all carriers and producers of hazardous materials are reflecting on how well they’re prepared to respond if a similar situation occurs.
When the dark days of winter are in full force, finding reliable, cost-effective locomotive lighting is a timely topic for discussion. While A19 lighting for number plates, steps and engine rooms are
When global rail manufacturer CRRC (China Railway Rolling Stock Corp.) entered the U.S. passenger rail market nearly ten years ago, winning a $560 million contract to manufacture new railcars for the Massachusetts
FINANCIAL EDGE, RAILWAY AGE FEBRUARY 2023 ISSUE: January is always an unusual month. Holiday coziness is quickly exchanged for the realities of credit card bills, a “don’t talk to me about what you did in 2022; what are you going to do for me in 2023?” attitude from employers (apologies to JFK) and a new set of 52 weeks over which to compare railcar loadings. Ask any fan from any football team trying to survive through the NFL playoffs: January is an odd month.
Editor’s Note: This is the second part of Jim Blaze’s review of market challenges surrounding rail intermodal. It continues the examination of issues highlighted by Gil Lamphere in an April 2022 article.
FROM THE EDITOR, RAILWAY AGE FEBRUARY 2023 ISSUE: There are a few observations my predecessor, Luther Miller, used to make when he came across language or statements that he deemed served little purpose: “Making the obvious less obscure.” “The Pope is a Catholic.” “A solution in search of a problem.” “Add that to your treasure trove of useless information.” I think he’d probably say the same thing about most of the statements the United States Department of Justice made in two filings about the pending merger of the Canadian Pacific and Kansas City Southern.
Cowen and Company examines whether Caterpillar, Inc. could explore strategic alternatives for its transportation business, or at least the rail piece. An enterprise value-to-revenue multiple of 2.5x-2.75x may not be unreasonable, putting the transportation business value at approximately $12 billion.