Entries Tagged as ‘Industry News’

Tuesday, April 10, 2007 at 9:31 am

News Roundup

Rail stocks soared yesterday when it was revealed that Warren Buffett’s Berkshire Hathaway is now the largest single shareholder in BNSF. Apparently, people think he knows something. But rail stocks have been hot for a while. Former VIA Rail chairman Jean Pelletier won another court case last month, this one a wrongful-dismissal case against the […]

Monday, March 12, 2007 at 4:09 pm

Grain Shippers File Major Complaint Against CN

A change in the way CN allows grain shippers to book a guaranteed supply of grain hoppers has led an Alberta grain company, Great Northern Grain, to file a complaint against CN with the Canadian Transportation Agency (press release here and as a PDF). The complaint, which is backed by ten other grain companies including […]

Tuesday, March 6, 2007 at 9:05 pm

FRA Denies DM&E’s Powder River Loan Guarantee

The April 2007 issue of Trains, which arrived in my mailbox last week, had a short article about the Dakota, Minnesota & Eastern winning its case before the 8th U.S. Circuit Court of Appeals: it’s trying to secure $2.5 billion in federal loans to upgrade its line and expand westward to tap into the Powder […]

Sunday, January 28, 2007 at 4:50 pm

Fourth-Quarter Earnings Roundup

BNSF: 4Q operating income $942 million, up 18 per cent from 4Q 2005; earnings per diluted share were $1.42, up 26 per cent from 4Q 2005. Annual operating income: $3.5 billion. Reuters. Canadian National: 4Q net income was $499 million ($CDN), up 16 per cent; diluted earnings per share 95¢, up 22 per cent. Net […]

Wednesday, January 10, 2007 at 8:57 pm

Steam as Trackside Weed Killer

Dave Polster has come up with a way to remove weeds from a railbed without using herbicides, the Esquimault News reports: steam! “Based on a UBC scientist’s study [that] determined that high-temperature steam was an effective method for killing weeds, Polster and others coddled together leftover items to create a prototype machine that put the […]

Wednesday, January 10, 2007 at 7:48 pm

BNSF Safety System Approved

This week, BNSF got the go-ahead from federal regulators to begin using a computerized warning system that automatically applies a train’s brakes if the GPS detects an imminent collision and the engineer fails to respond to the warning. The International Herald Tribune‘s Don Phillips has more. The system has been in testing since 2004.

Wednesday, December 20, 2006 at 4:36 pm

Kummant Fires Amtrak Execs

Amtrak’s new president and CEO, Alexander Kummant, announced a major change to the corporation’s management Monday, firing four top officials (including the CFO, police chief, marketing VP and communications head) and transferring a fifth, the Associated Press reports (Houston Chronicle, Boston Globe). Last Friday the New York Times reported the firings in advance of the […]

Tuesday, December 12, 2006 at 8:15 pm

Holiday Train Roundup

David Jarvis has photos of the U.S. version of Canadian Pacific’s Holiday Train stopping in Wisconsin Dells, Wisconsin on Sunday. Dogcaught collects links to photos of the ORHF Holiday Express, which ran behind SP&S 4-8-4 #700 last weekend. CSX’s Santa Train was only led by a GP40-2, not a vintage steam engine, but Christopher Esposito […]

Wednesday, December 6, 2006 at 8:49 pm

Record Coal Hauls Still Not Enough

BNSF and UP are hauling record amounts of coal from the Powder River Basin this year, but they’re still struggling to keep up with the demand from the electricity companies they haul it to, the Associated Press reports.

Monday, December 4, 2006 at 10:31 am

CN Buys Back Savage Alberta Railway

Things are getting awfully cyclical at CN, which is repurchasing rail lines it had previously sold off to short-line operators. Or at least in booming northern Alberta, where last January CN bought back three short lines it had previously sold. Last Friday it was announced that CN is repurchasing the Savage Alberta Railway, né Alberta […]