Archive for June 2017

(Source: Association of American Railroads press release, June 28, 2017) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 24, 2017. For this week, total U.S. weekly rail traffic was 544,694 carloads and intermodal units, up 3.6 percent compared with the same week last year.…

INDEPENDENCE, Ohio, June 29 — One hundred percent of voting BLET members working for the Wheeling & Lake Erie Railway (WLE) have voted in favor of withdrawing from service should the union and the railroad fail to reach an agreement to settle their contract dispute under processes set forth in the Railway Labor Act (RLA).…

(Source: Bloomberg, June 28, 2017) NEW YORK — Union Pacific Corp. sees Mexico trade as a bright spot for its rail freight growth despite tough trade talk from President Donald Trump, said Chief Executive Officer Lance Fritz. Full story: Bloomberg Thursday, June 29, 2017

Lance Fritz, chief executive officer of Union Pacific, speaks during an interview in New York, U.S., June 28, 2017. REUTERS/Shannon Stapleton (source: reuters.com  Jun 28, 2017) By Sophia Kunthara U.S. retailers may see a much-needed boost from the coming back-to-school shopping season if the pickup in incoming merchandise traffic from Asia seen by the largest…