KCS Targets Greenhouse Gas Emissions
Kansas City Southern has submitted a letter to the Science Based Targets Initiative (SBTi) committing to setting a greenhouse gas emissions reduction target.
Kansas City Southern has submitted a letter to the Science Based Targets Initiative (SBTi) committing to setting a greenhouse gas emissions reduction target.
Railway Age is honoring 20 “Fast Trackers” from a pool of more than 100 strong nominations for this year’s 20 Under 40 awards program.
Rail shippers in fourth-quarter 2020 expected price increases of 3.2% (up 10bps sequentially), and their sub-group of railcar buyers raised order expectations modestly, according to two surveys conducted by Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper.
Colorado, Midland & Pacific Railway Co. (CMP), a wholly owned subsidiary of Rio Grande Pacific Corp. (RGPC), has entered into an agreement to lease the majority (163.1 miles) of the Tennessee Pass rail line between Parkdale and Sage, Colo., from Union Pacific. The short line has also submitted a filing to the Surface Transportation Board for common-carrier authority to operate the line.
Craig Richardson has been promoted to Executive Vice President, Chief Legal Officer and Corporate Secretary of Union Pacific (UP), succeeding Rhonda Ferguson.
Englewood, Colo.-based Alpenglow Rail has opened a 51-acre rail terminal in Port Arthur, Texas. In August, the company acquired USA Rail, along with this terminal, which was under construction.
The California Transportation Commission (CTC) will distribute $392.4 million to 10 freight and passenger rail projects as part of its recent approval of $2 billion for 56 state projects that will reduce traffic, improve goods movement and increase transit service, among other measures.
In January 2021, Union Pacific’s new Twin Cities Intermodal Terminal in Minneapolis will launch with domestic intermodal service connecting the Twin Cities and Los Angeles, expanding its customers’ reach to key Upper Midwest markets.
Union Pacific (UP) has named Humberto Vargas Vice President-Mexico, Marketing and Sales, succeeding Bernardo Ayala. Ayala will take on a leadership position in Locomotive Distribution and Network Operations at the Class I railroad.
Union Pacific’s (UP) agreement employees who worked at least 30 days between March 1 and Nov. 30 are slated to receive a one-time $1,000 bonus (gross) in December.