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Slowing economy, trade wars, drag on US rail companies
Omaha, NE — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Two railroads, Union Pacific and CSX, have reported declining profit and revenue this week as they hauled less…
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Railroads to renew push for one man crews in contract talks
Omaha, NB — The biggest U.S. freight railroads appear ready to renew their push to reduce their crews to one person from the current two-man operation used at major railroads now. Eight U.S. railroads have filed a federal lawsuit against…
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Lawsuits: America’s biggest railway companies fixed prices
Boise, Idaho — More than two dozen major companies ranging from Campbell’s Soup to Kia sued the nation’s four biggest railway companies, contending they had a price-fixing scheme to illegally boost profits. In the lawsuits filed Monday around the U.S.,…
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U.S. China trade war hurting Canada’s largest railway, says CN executive
Montreal, QC — A slumping global economy and the U.S.-China trade war are hurting freight volumes and revenue, says Canadian National Railway Co.’s chief financial officer. “Our volumes are much weaker than expected. This is not a CN phenomenon, this…
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Shippers and railroads need to repair relationship: white paper
Boston, MA — Global supply chain and operations consulting firm, Maine Pointe, announced its collaboration and support of a key industry white paper titled “Rail Optimization: Carrier/Shipper/Investor Relationships” in association with the Center for Railway Research and Education at The…
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CP awards 2018-2019 Elevator of the Year to G3 Pasqua
Pasqua, SK — Canadian Pacific presented G3 Pasqua with the 2018-2019 crop-year Elevator of the Year award. CP presents this award annually to the grain elevator that achieves high volumes from a single loading point while consistently demonstrating efficient railcar…
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RAC hands out 2019 Rail Safety Awards
Ottawa, ON — The Railway Association of Canada (RAC) announced the winners of its 2019 Safety Awards which recognize RAC members for their outstanding contributions to rail safety. “Canada’s railways are among the safest in North America and these awards…
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CN Rail CFO warns of ‘softening’ economy, with consequences for railways
A Canadian National Railway Co. executive says a sputtering economy is contributing to weaker freight volumes after posting record revenues last quarter. “In the short-term, is the economy softening? Absolutely,” said chief financial officer Ghislain Houle. “We are obviously seeing…
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CN and Evergreen extend intermodal agreement
Montreal, QC —CN and Evergreen Line announced that their long-standing relationship of 27 years will continue with a new agreement extending their intermodal partnership, with Evergreen calling at CN served ports such as Vancouver, Prince Rupert, and Halifax. “We are…
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CN to acquire CSX line in New York
Montreal, QC — CN announced the signing of an agreement that will see CN acquire the Massena rail line from CSX, which represents more than 220 miles of track between Valleyfield (Quebec), in Canada, and Woodard (New York), in the…
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Ottawa ready to pass law forcing CN to restore rusting Quebec Bridge
Ottawa says its ready to take ownership of the aging Quebec Bridge or pass legislation forcing the Canadian National Railway to restore the historic structure. Quebec City leaders have been trying for years to have the steel cantilever bridge repainted.…
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Investment to help shippers gain access to western railways
Unity, SK — Two rail lines in Saskatchewan will receive $12.4 million in funds to help enhance rail capacity, reduce bottlenecks and increase competition by offering shippers access to two railways. The first project will upgrade the track of the…