General Information
CN to cut 1,000 jobs as part of new strategic plan
(Source: Railway Age, September 21, 2021) NEW YORK — A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and “beneficial owner” TCI Fund Management Ltd., CN on Sept. 17 announced its “Full Speed Ahead – Redefining Railroading”…
Read MoreWeek 36: Intermodal volume a drag on U.S. rail traffic total
(Source: Progressive Railroading 09/16/2021) U.S. railroads logged 468,610 carloads and intermodal units for the week ending Sept. 11, a 1.3% decrease compared with the same week last year, according to Association of American Railroads (AAR) data. Total carloads for the week were 223,710 units, up 4.5%, while intermodal volume was 244,900 containers and trailers, down 6%. Six…
Read MoreCP-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…
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