Association of American Railroads (AAR) President and CEO Edward Hamberger on June 27 told the House Transportation subcommittee on railroads, pipelines and hazardous materials that the billions of private freight railroad investments spent annually on infrastructure and maintenance today provides
Association of American Railroads (AAR) President and CEO Edward Hamberger on June 26 told a House Transportation Committee special panel on 21st Century Freight Transportation that billions in annual privately-funded rail infrastructure investments have made America's rail network vital to U.S. competitiveness in the global supply chain.
The Brotherhood of Locomotive Engineers and Trainmen (BLET) National Vice President Willard Knight is retiring following a 44-year railroad career.
Las Vegas Railway Express, Inc. (X Train) is in negotiations with the city of North Las Vegas for the new train station that will serve passengers traveling on the route between Southern California and Las Vegas, Nev.
The partnership of Crosstex Energy, L.P. and Crosstex Energy, Inc., reactivated its Black Run rail loading terminal located in Frazeysburg, Ohio, on the Ohio Central Railroad (OHCR).
The Black Run facility is a 20-car rail rack with tracking gangways designed to top load multiple products, including light oil condensate and various grades of crude oil, at a rate of 24,000 barrels per day.
"The reactivation of our Black Run rail facility enables us to offer producer customers in the Utica Shale an immediate midstream solution to export their products to out-of-region markets to maximize value for our customers. We are pleased to be at the forefront of moving product by rail in an area where there is a lack of transloading capabilities," said Barry Davis, Crosstex president and chief executive officer. "Our Ohio River Valley assets continue to provide Crosstex with an exceptional growth opportunity as more wells come on line in the Utica Shale."
The OHCR is a 70-mile shortline that interchanges with the Columbus and Ohio River Railroad, CSX, Norfolk Southern, Ohio Southern Railroad and Wheeling and Lake Erie Railway. The Black Run terminal, which is adjacent to the partnership's oil gathering pipeline, will leverage the partnership's existing tankage and piping, as well as the capabilities of its extensive truck fleet in the Ohio River Valley.
Norfolk Southern (NS) has opened a new Thoroughbred Bulk Transfer (TBT) terminal in Columbia, S.C.
Amtrak has seen more than 70,000 passengers on its Northeast Regional route between Washington, D.C., and Norfolk.
Amtrak named Michael Logue chief safety officer, effective July 29, 2013. He will report directly to DJ Stadtler, vice president of operations.
Union Pacific will strengthen Wyoming's transportation infrastructure by investing $15 million in the rail line between Rawlins and near Rock Springs.
Watco Companies, LLC appointed Matt McKenzie to executive vice president and chief financial officer.
McKenzie has been serving as interim CFO since July of 2012. As CFO, McKenzie will continue to oversee the areas of finance, accounting, treasury and investor relations. In addition, he has assumed responsibility for the performance management, information technology and operational analysis teams. McKenzie will support all of these areas in following the Customer First Foundation Principles and will oversee the implementation of all financial aspects of Watco's strategic plan.
"During the past six years Matt has led many improvements in several facets of our company. As we conducted our search, it became evident that the best candidate for the CFO position at Watco was Matt. We are very pleased and excited that Matt has accepted the position on a full-time basis," said Terry Towner, Watco president.
McKenzie got his start with Watco in 2007 as senior vice president, chief accounting officer and corporate controller and served as senior vice president finance and corporate controller before being named interim CFO.