October 20, 2014

AAR, railroad execs offer take on state of industry

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America’s railroads today are handling more business more efficiently and safely and for better profits than ever before in their nearly 200 years of existence. They remain a growth industry. The record $15 billion they invested in 2013 will no longer be a record in 2014, considering that two of the Class I’s alone will [...]

AAR responds to Senate report on rail finances

WASHINGTON – The Association of American Railroads Nov. 21 issued the following statement from President and CEO Edward R. Hamberger in response to the Senate Commerce Committee staff report Update on the Financial State of the Class I Freight Rail Industry. “Unfortunately the Committee’s updated report ignores that the rail industry’s return to financial health [...]

Industry fights safety retrofit of older rail cars

The oil industry and U.S railroads are resisting the Obama administration’s attempt to boost safety standards for the type of rail car involved in a fiery, fatal explosion in Canada, citing costs and technical challenges. Industry groups say it is impractical to retrofit tens of thousands of existing tank cars used to haul oil, even [...]

UTU, railroads oppose Senate antitrust bill

WASHINGTON –The Association of American Railroads (AAR) strongly objects to the Railroad Antitrust Enforcement Act, introduced today by Sen. Amy Klobuchar (D-Minn.) and Sen. David Vitter (R-La.), saying that while the bill claims to repeal freight railroads’ limited antitrust exemptions, it actually singles out railroads for policies that could undermine the industry’s ability to build, [...]

Railroads to invest $25B, hire thousands in ’13

WASHINGTON – The Association of American Railroads (AAR) announced the nation’s major freight railroads plan to invest an estimated $24.5 billion in 2013 to build, maintain and upgrade America’s rail network to ensure freight railroads can continue to deliver for the nation’s economy. With approximately 22 percent of the industry’s workforce eligible to retire in [...]

BNSF, UP target of price-fixing lawsuit

A mining and natural resources company, Oxbow Carbon and Minerals, has filed an antitrust suit against BNSF and Union Pacific, alleging the railroads have illegally fixed freight rates, in violation of the Sherman Antitrust Act, “to gouge customers.” Oxbow mines and ships coal and petroleum coke. The lawsuit, before the federal District Court for the [...]

PTC installation could be trimmed 10,000 miles

WASHINGTON — The Obama administration suggests scaling back by 10,000 miles a federal mandate that positive train control (PTC) be installed on some 140,000 miles of freight and passenger track no later than Dec. 31, 2015. The 10,000 miles represents track over which freight railroads say neither passengers nor dangerous hazmat will be transported in [...]

Safety warning in railcar razor blade incident

A safety warning has been issued by the Association of American Railroads after a razor blade was found “strategically placed in the eye of the airbrake release rod” on a hopper car set out at an industrial plant in Baton Rouge, La. Although the razor blade was found and removed without injury, the AAR is [...]

Rail freight loadings continue upward climb

WASHINGTON — Rail traffic for the week ending Jan. 15 continued its upward climb, reports the Association of American Railroads. Carloads were up by 7.5 percent compared with the same week in 2010, and intermodal (trailers and containers on flat cars) showed a gain of 5.8 percent over the same week in 2010. The AAR [...]

Rail traffic continues torrid growth pace

Rail traffic continued its torrid growth the first week of 2011, with the Association of American Railroads (AAR) reporting freight carloadings were up more than 20 percent versus the same week in 2010, and intermodal (trailers and containers on flat cars) were up almost 9 percent from the first week of 2010. This comes on the heels [...]