Filed in Rail Freight
Wednesday, March 09, 2011
While heavy capital expenditures are nothing new for the freight railroad industry, a report released today by the Association of American Railroads (AAR) stated that United States-based freight railroads are planning to spend $12 billion in capital expenditures in 2011, following a $10.7 billion investment in 2010.
Monday, March 07, 2011
Class I railroads received good news last week, when the Federal Railroad Administration and the Association of American Railroads reached a settlement regarding the guidelines of the Positive Train Control (PTC) regulatory mandate.
Friday, March 04, 2011
Following the January reintroduction of a Senate bill designed to remove antitrust exemptions currently granted to the railroad industry, the Senate Judiciary Committee this week approved the bill—entitled the Railroad Antitrust Enforcement Act, S.49—by a 14-1 margin.
Carload volume at 296,252 was up 2.4 percent year-over-year and was slightly behind the week ending February 19, which came in at 296,980.
Tuesday, March 01, 2011
Class I railroad carrier Canadian Pacific recently announced that it has signed a collaboration agreement on performance and productivity with the Montreal Port Authority, which it said formalizes CP’s and the port’s ongoing supply chain collaboration.
Friday, February 25, 2011
The week ending February 19 delivered solid year-over-year gains, according to data released by the Association of American Railroads (AAR).
Thursday, February 24, 2011
Earlier today, the Surface Transportation Board (STB) held a hearing, entitled “Review of Commodity, Boxcar, and TOFC/COFC Exemptions.” The STB said the objective of the hearing is to review regulatory exemptions for certain types of rail traffic to determine their effectiveness in the marketplace, see whether the rationale behind these exemptions should be revisited, and also if these exemptions should be subject to periodic review.
National Gateway officials said that the Northeast Ohio Terminal is the cornerstone of a new double-stack freight rail corridor between East Coast sea ports such as the Port of Baltimore and the Midwest.
Friday, February 18, 2011
Carload volume at 274,043 was up 6.2 percent compared to last year and ahead of the week ending February 5 at 267,682. But it lagged behind the week ending January 29 which hit 291,147 and the week ending January 22 at 282,837. The AAR said that carload volume was up 21.8 percent in the East and down 2.5 percent out West.
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On the heels of President Obama’s recently released proposed fiscal year 2012 budget request, there have been no shortages of opinions regarding the transportation components of the budget, most notably the proposed six-year, $556 billion surface transportation reauthorization proposal.