Archive for May 2, 2018

The Bi-Oceanic Corridor: Proposed South American railroad could rival maritime freight

(Source: Railway Technology, April 30, 2018) NEW YORK — Talks regarding a possible transnational railway that would link the Pacific and Atlantic oceans across South America have been intensifying in recent months, hinting that the Central Bi-Oceanic Railway Corridor could become a reality. If greenlit, the megaproject is expected to completely overhaul South America’s trade…

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UP to upgrade 10 locomotives into EPA Tier 4 switchers

(Source: Railway Technology, May 2, 2018) NEW YORK — North American railway franchise Union Pacific has partnered with two Californian air-management districts to upgrade ten low-horsepower diesel-electric locomotives of its yard switching fleet, in a bid to reduce their nitrogen emissions. Full story: Railway Technology Wednesday, May 2, 2018

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Genesee & Wyoming reports Q1 2018 income, revenue growth

(Source: Progressive Railroading, May 1, 2018) Although Genesee & Wyoming Inc. posted a 32 percent jump in adjusted diluted earnings per share (EPS) in first-quarter 2018, the company’s North American results were hurt in part by congestion at several connecting Class Is that limited car supply. Full story: Progressive Railroading Wednesday, May 2, 2018

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Judgment day at Canadian Pacific: Voting dates now known in TCRC contract proposal

(Source: Teamsters Canada Rail Conference press release, May 1, 2018) LAVAL, QC — The Canada Industrial Relations Board will conduct the vote on Canadian Pacific’s (CP) final offer from May 14 to May 23, union officials today learned. The Teamsters Canada Rail Conference (TCRC) is urging their members to reject the company’s offer. Out of good…

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