General Information
Union Pacific EVP Whited sells $916,794 in company stock
(Source: DFS Caller, December 11, 2019) NEW YORK — Union Pacific Co. EVP Elizabeth F. Whited sold 5,342 shares of the firm’s stock in a transaction on Monday, December 9. The stock was sold at an average price of $171.62, for a total transaction of $916,794.04. Following the sale, the Executive Vice President now owns…
Read MoreWeekly U.S. coal carloads climb 6.7% on week
(Source: S&P Global Platts, December 11, 2019) HOUSTON — Weekly U.S. coal carload originations totaled 72,402 in the week ended December 7, up 6.7% from the previous week, Association of American Railroads said Wednesday. But from the year-ago week, carloads was down 18.5%. Full story: S&P Global Platts Thursday, December 12, 2019
Read MoreBusiness CEOs throw support behind new NAFTA deal
(Source: The Hill, December 11, 2019) WASHINGTON, D.C. — An association of CEOs from major U.S. corporations officially endorsed the new U.S. trade agreement with Mexico and Canada on Wednesday and urged Congress to swiftly pass legislation to implement it. Lance Fritz, the CEO of Union Pacific, also expressed support for swift passage. Full story: The…
Read MoreDerailed crude oil train cars in Saskatchewan leaked, ignited despite enhanced safety features
(Source: CBC News, December 11, 2019) CALGARY — The oil-carrying Canadian Pacific Railway train that derailed and lit up an area of rural Saskatchewan earlier this week was pulling modified tank cars meant to reduce the risk of puncturing and other damage during a crash. Full story: www.cbc.ca Thursday, December 12, 2019
Read MoreCN, Teck announce long-term coal shipping agreement
(Source: Progressive Railroading 12/4/2019) CN and mining company Teck Resources Ltd. today announced a long-term rail agreement for the shipping of steelmaking coal from Teck’s four British of Columbia operations between Kamloops and Neptune Terminals, and other west coast ports. The agreement, which runs from April 2021 to December 2026, will enable Teck to significantly increase shipment volumes…
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