General Information
Game over for CP-KCS? Maybe, maybe not
(Source: Railway Age, May 13, 2021) NEW YORK — The activity involving Kansas City Southern and its two potential merger partners, Canadian Pacific and CN, took yet another turn late on May 13. CN appears to have come out on top, but don’t count CP out, at least not yet. KCS on May 13 announced…
Read MoreWorkers are essential to the future of freight industry, Teamsters tell Senate
(Source: International Brotherhood of Teamsters press release, May 12, 2021) WASHINGTON, D.C. — A Teamster official told members of a Senate subcommittee yesterday that the safety and wellbeing of workers must not be overlooked by lawmakers as they continue to weigh the movement of freight traffic across the country at a time when the public is…
Read MoreAAR: Many rail traffic categories have recovered from pandemic’s impact
(Source: Progressive Railroading 05/06/2021) A number of rail commodity traffic categories have “completely recovered” ground lost during the COVID-19 pandemic, according to the Association of American Railroads (AAR). Combined U.S. carload and intermodal originations in April were 2,125,792, up 29.1 percent, or 478,818 carloads and intermodal units from April 2020, according to AAR data. Seventeen…
Read MoreUP seeks operating ratio of 55%
(Source: Railway Age, May 5, 2021) NEW YORK — At Union Pacific’s Investor Day, where achievements in operational efficiency, benefits of PSR implementation, shareholder returns and financial outlook were discussed, management predicted that the railroad will achieve a 55% OR (operating ratio) by 2022. As a result, Cowen and Company modestly adjusted its 2022 assumptions.…
Read MoreUnion Pacific unveils ESG goals in annual report
(Source: Progressive Railroading 05/04/2021) Union Pacific Railroad yesterday published its 2020 Building America Report, the railroad’s annual report on its environmental, social and governance (ESG) initiatives. The report unveils UP’s new cumulative ESG strategy called “Building a Sustainable Future 2030,” which includes four areas of concentration: investing in the UP workforce, driving sustainable solutions, championing environmental stewardship…
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