Wednesday, March 16, 2011

Canadian National must spend $68M on underpasses, court saysCrain's Chicago BusinessDespite strong opposition from local officials concerned about increased freight rail traffic in their communities, the Surface Transportation Board approved Canadian National's $300-million purchase of the previously little-used Elgin Joliet & Eastern ...

North American intermodal traffic still on the upifw-net.comIntermodal rail freight traffic in the US has continued its recovery into this month, despite a lull in volumes in January, according to the Association of American Railroads (AAR). During the week ending 5 March, intermodal traffic was up 1% to 214343 ...

GATX to buy 12.5K railcars from Trinity over 5 yrsBusinessWeekThe order is for a mix of tank and freight cars. Executives from both companies said the deal gives them a more stable outlook for the coming years. The order "provides GATX with clear visibility into its new railcar delivery schedule," GATX President ...

NM Senate OKs tax break for Union Pacific projectBusinessWeekThe state Senate has approved a proposed tax incentive for a rail yard project in southern New Mexico. The legislation provides a locomotive fuel tax deduction targeted to the Union Pacific Railroad, which plans to spend more than $400 million for a ...

Chicago Freight Car Leasing Announces Strategic Changes in Senior ManagementPR Newswire (press release)"Paul has provided exceptional commercial leadership and strengthened our focus on being the premier provider of full service railcar leasing solutions in the market segments we serve through initiatives to exceed our customers' expectations. ...

Intermodal providers looking for trucking partnersFleet OwnerTom Selbitschka, BNSF's director of sales for LTL marketing and expedited services, told Fleet Owner now is “a good time” for railroads and trucking companies to forge freight intermodal partnerships as a lack of capacity and rising fuel prices is ...

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