Archive for May 2, 2018

(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…

(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

(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

(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…

(Source: Palestine Herald-Press, May 1, 2018) PALESTINE, Texas — Local residents who suffered property loss during the 2016 flood say they continue to incur damages. And they’re blaming what they call the railroad’s faulty culverts. A federal lawsuit, filed in April, could involve hundreds of millions of dollars and nearly 50 counties. It alleges Union…