The government of Alberta, Canada announced today that starting in December, production limits on companies that produce oil will be raised, but any additional production must go by rail instead of pipelines.
The Federal Railroad Administration (FRA) recently published a Notice of Grant Funding Opportunity (NOFO) for a shade over $24 million for the Magnetic Levitation Technology Deployment Program (Maglev Grants Program). The funding
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 26, 2019. For this week, total U.S. weekly rail traffic was 513,147 carloads and intermodal units,
Canadian National may be facing a strike from its employees represented by the Teamsters Canada Rail Conference. The contract between the railroad and the union expired in July, and if an agreement
According to Surface Transportation Board statistics, the total number of railroad employees dropped from 148,171 in September 2018 to 136,865 in September 2019. That is 11,306 fewer employees, or -7.63% year over year.
Unless rail customers own their own cars, they either use ones owned by the railroad or they lease them. One of the largest freight car and locomotive lessors is GATX Corporation, which
Canadian National last week reported its financial and operating results for the third quarter ended September 30, 2019. “CN delivered strong results, despite a softening economy,” said JJ Ruest, president and chief
Several states are pushing back on the notion that regulation of crude oil trains in the United States belongs in the hands of the federal government, as opposed to being regulated by
The Birmingham Business Journal is reporting that the Southern Rail Commission has received a $4.36 million grant to restore rail service to the Gulf Coast. The grant was awarded by the U.S.
Canadian Pacific Railway Limited today announced record third-quarter revenues of $1.98 billion, and reported diluted earnings per share (EPS) of $4.46, or $4.61 on an adjusted diluted EPS basis. The Company also