September 14, 2014

Cargo rates trigger shipper backlash at railroads

railyard

After CSX Corp. (CSX) raised rates for shipping specialty gas by 41 percent over three years, Diversified CPC International Inc. had to shutter a production line near Chicago. The buyer of a custom-ordered Diversified gas didn’t want the expense from those freight bills, so it decided to bring the manufacturing in-house. Read the complete story [...]

Rails post highest weekly coal carloads of year

coal_car

U.S. railroads hauled the highest number of carloads so far this year in the week that ended Saturday (Aug. 2), partly driven by low stockpiles at US utilities and pressure from producers to move more coal. The Association of American Railroads said Thursday (Aug. 7) that weekly coal carloads originated on all U.S. railroads totaled 116,881, [...]

DOT: Rails lack insurance for oil train disasters

oil-train-rail

The insurance policies that most railroads have cannot cover the costs of many crashes or derailments involving oil trains, the Department of Transportation said. New safety rules for oil trains proposed last week would not mandate higher insurance levels than the $25 million common to the industry. But a DOT analysis released along with the [...]

AAR, railroad execs offer take on state of industry

railyard1-150px

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 [...]

Railroads 2010: How sweet it was

How did major railroads perform in 2010? Reviewing their calendar-year and fourth-quarter profit statements, one wouldn’t know they were operating in the midst of a nationwide recession. Profits soared, stock dividends were raised and operating ratios improved. (Operating ratio — a railroad’s operating expenses expressed as a percentage of operating revenue — is considered by [...]

Who owns the railroads

By Assistant President Arty Martin andGS&T Kim Thompson Among the most difficult challenges facing us in 2009 arrives in November, when we exchange Railway Labor Act Section 6 notices with the carriers — the list of each side’s demands for the next collective bargaining round. Our national rail contract is open for renewal on Jan. [...]