Archive for September 2021
CP-KCS a “powerful combination,” CP CEO says
(Source: Railway Age, September 17, 2021) NEW YORK — “I am elated for our CP family,” an understandably energized Canadian Pacific President and CEO Keith Creel told Railway Age Editor-in-Chief William C. Vantuono the day after a joint call with analysts with his Kansas City Southern counterpart, Pat Ottensmeyer, following the announcement of their agreement…
Read MoreUnion Pacific CEO sees strong economy coming out of pandemic
(Source: Associated Press, September 17, 2021) OMAHA, Neb. — As Union Pacific’s CEO, Lance Fritz has had to find ways to keep the freight moving during the coronavirus pandemic as the economy nearly ground to a halt and then roared back to life. Now he is working to help clear up a major backlog in…
Read MoreUP ramps up hiring efforts
(Source: Progressive Railroading 09/02/2021) Union Pacific Railroad announced it is among U.S. employers actively hiring as the nation’s economy continues to improve. The Class I is soliciting applicants for more than 50 job openings across its system, with more openings anticipated in the coming months, according to a report on UP’s website. Finding new employees “has never…
Read MoreAAR: U.S. railroads navagating supply-chain challenges
(Source: Progressive Railroading 09/02/2021) U.S. freight railroads’ traffic was steady last month compared with the August 2020 level, according to Association of American Railroads data. U.S. railroads originated 934,762 carloads in August 2021, up 4.1%, and 1,085,345 containers and trailers, down 3.3%, from year-ago levels. Combined, U.S. carload and intermodal originations were 2,020,107, down 0%, or 788…
Read MorePort of Coos Bay, developer to build new multimodal container facility
(Source: Progressive Railroading 09/02/2021) The Oregon Port of Coos Bay yesterday announced it has partnered with NorthPoint Development to construct a multimodal container facility on the North Spit. The port and NorthPoint have entered into a memorandum of understanding for the project, with the intention of finalizing negotiations and signing a contract by the end of the calendar year,…
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