Archive for September 2021
CN faces investor pressure after losing KCS deal
(Source: Associated Press, September 29, 2021) OMAHA, Neb. — After walking away from its effort to buy Kansas City Southern railroad earlier this month, Canadian National Railway Co. continues to face investor pressure to make changes in its operation. Full story: Yahoo News Thursday, September 30, 2021
Read MoreIntermodal volume down again in latest AAR traffic report
(Source: Progressive Railroading 09/30/2021) The recent decline in intermodal volume at U.S. railroads continued through the week ending Sept. 25, according to Association of American Railroads (AAR) data. The railroads logged 272,644 containers and trailers, down 7.3% compared with volume during the same week in 2020. U.S. railroads also hauled 239,069 carloads for the week — up…
Read MoreNTSB: Amtrak train was traveling below speed limit
(Source: Progressive Railroading 09/28/2021) The Amtrak train that derailed Sept. 25 near Joplin, Montana, was traveling between 75 and 78 mph, below the speed limit for passenger trains on that section of track, the National Transportation Safety Board (NTSB) announced yesterday. The NTSB’s 14 investigators yesterday began their first full day of assessing the site to determine the potential cause…
Read MoreU.S. Class I workforce shrank in August
(Source: Progressive Railroading 09/29/2021) U.S. Class Is as of mid-August employed 114,431 people, down 1.07% from July’s employment total and down 2.83% year over year, according to Surface Transportation Board data. All six employment categories registered decreases in August compared with July’s data. They were: professional and administrative, down 2.32% to 9,853; maintenance of equipment and stores,…
Read MoreU.S. coal demand is rising, but supplies remain tight
(Source: S&P Global Platts, September 23, 2021) HOUSTON — Coal demand and prices are booming as natural gas prices soar, but U.S. mining companies have not ramped up production to meet the new market conditions. The U.S. Energy Information Administration recently said it expects coal demand from the U.S. electric power sector to increase by…
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