Tag: Class I railroads

Ex-chairman: STB should consider benefits of reciprocal switching

Reciprocal switching could help with system efficiency, Daniel Elliott says By Joanna Marsh for freightwaves.com Reciprocal switching occurs when a shipper has access to one freight railroad but wants access to a nearby competing freight railroad in order to cultivate a competitive pricing environment. President Joe Biden via a July executive ordercharged Surface Transportation Board Chairman […]

Freight railroads set green goals

Alternatively fueled locomotives, embrace of emerging technologies key objectives By Joanna Marsh for freightwaves.com Conducting tests on alternatively fueled locomotives and seeking ways to reduce greenhouse gas emissions throughout the rail network infrastructure are just two of the emissions-reduction strategies North American Class I railroads are pursuing, according to recent industry statements and sustainability reports. […]

Two Canadian railroads want KCS. It’s a fight that will test regulations and already has shippers on edge.

KCS’ acquisition proposal is the first time Class I railways have tried to combine since the STB issued revised antitrust regulations in 2001. By Katie Pyzyk Contributor for supplychaindive.com North American railways have suddenly become hotter, and it has nothing to do with the summer heat. Drama is ensuing over proposals for one of two […]

US Class I railroads to feds: Don’t blame us

Class I railroads defend how they’ve handled international intermodal congestion By Joanna Marsh for freightwaves.com Much of the congestion occurring at intermodal rail terminals is ultimately related to factors beyond the control of the Class I railroads, and the railroads are doing all that they can to improve terminal throughput, assert the CEOs of U.S.-based […]

STB asks Class I railroads to explain ‘substantial’ demurrage fees

By Edwin Lopez for supplychaindrive.com Dive Brief: The Surface Transportation Board on Friday sent a letter to the CEOs of seven Class I railroads asking them to explain their demurrage policies amid reports of congestion and “sizeable storage fees.” “I am particularly troubled about reports that Class I railroads are continuing to impose these charges […]

Wall Street is boosting profits in railroads with new technology. But it’s ignoring the drawbacks

Freight rail doesn’t function without a strong workforce. BY PETER DEFAZIO for fortune.com In a commentary published in Fortuneearlier this month, Ike Brannon and Michael F. Gorman took great liberties in trying to debunk my concerns with precision scheduled railroading (PSR). Please allow me to set the record straight. I have served on the U.S. […]

Railroad industry worried about Biden executive order

By Ted O’Neil | The Center Square contributor for themercury.com (The Center Square) – An executive order signed by President Joe Biden that could force railroads to allow other operators to use their tracks could reduce competition and increase costs, according to industry experts. Biden’s order last week in part called on the independent Surface […]

US rail traffic jumps 25% year-over-year but is flat from prior week

Investors will be watching rail volumes trends and whether Class I railroads can meet financial targets for 2021 and 2022, Wall Street analyst says By Joanna Marsh for freightwaves.com Weekly U.S. rail volumes rose nearly 25% last week, although some commodities may be affected by uneven year-over-year comparisons because the start of the COVID-19 pandemic […]

Next-Gen Freight Rail Sets Agenda for the 2020s

Written by David Nahass, Financial Editor for railwayage.com FINANCIAL EDGE, RAILWAY AGE APRIL 2021 ISSUE: The tone and context of Railway Age’s Next-Gen Freight Rail conference held virtually on March 10, 2021 changes rapidly when viewed through the blockbuster announcement of Canadian Pacific’s (CP) acquisition of Kansas City Southern (KCS). One can only wonder what messages Creel and […]

Class I employment grew a bit in February

Published by progressiverailroading.com U.S. Class Is employed 114,068 people in mid-February, up 0.53% from mid-January but down 10.63% compared with employment during the same period a year ago, according to Surface Transportation Board data. Four of six employment categories registered employment increases in February compared with January’s level. They were: maintenance of way and structures, up 1.19% […]

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