Archive for January 2019
Union Pacific customer conversations “haven’t been easy” amid PSR transition
(Source: Supply Chain Dive, January 28, 2019) WASHINGTON, D.C. — UP executives said the railroad is committed to fully implementing precision scheduled railroading (PSR), even though conversations with customers “haven’t been easy,” CEO Lance Fritz said. Full story: Supply Chain Dive Wednesday, January 30, 2019
Read MoreFuture of BNSF’s Havelock shops uncertain; 400 workers could be affected
(Source: Lincoln Journal Star, January 29, 2019) LINCOLN, Neb. — The future of BNSF Railways’ Havelock shops appears to be up in the air. BNSF spokesman Andy Williams said in an email this week that the railroad is “working on a restructuring at Havelock,” although he declined to provide any details. Full story: Lincoln Journal Star…
Read MoreNS sets income, OR records
(Source: Railway Age January 24, 2019) Written by William C. Vantuono, Editor-in-Chief Norfolk Southern’s fourth-quarter and full-year 2018 financial results include record operating income for both periods, and a full-year record-low operating ratio of 65.4%. Net income was $702 million, and diluted earnings per share were $2.57 for 4Q18, and $2.67 billion and $9.51, respectively, for the full…
Read MoreNo pipeline, no problem as Canadian oil hits the railroads
(Source: Bloomberg, January 24, 2019) NEW YORK — Heavy Canadian crude isn’t getting any cheaper — but that hasn’t stopped companies from splurging on costly rail shipments. Rail-car loadings hit a record 356,000 barrels a day in the week ended Jan. 11, up from a daily average of 296,000 barrels in December, according to Genscape…
Read MoreHigh-speed rail helped keep housing affordable in Japan. Could it do the same in California?
(Source: CityLab, January 25, 2019) LOS ANGELES — Japan’s rail network allowed lower-wage workers to access exurban areas where housing development is less expensive. While areas close to stations experienced price increases, in general prefectures linked by rail were more affordable than they would have been without rail. A new study suggests that California high-speed…
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