CP’s Creel sees mergers as inevitable, but delayed by Precision Scheduled Railroading NEWSWIRE

CP Keith Creel speaks.

Canadian Pacific CEO Keith Creel speaks during the National Railroad Construction and Maintenance Association Conference on Monday, Jan. 6. TRAINS: David Lassen CORONADO, Calif. — Consolidation of the rail industry is “inevitable,” Canadian Pacific CEO Keith Creel says, but the industry-wide embrace of Precision Scheduled Railroading has likely pushed the merger process from a five-year window […]

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Davenport Industrial Railroad begins operations NEWSWIRE

Davenport Industrial Railroad photo by John Howell

Davenport Industrial Railroad serves the Davenport Transload Facility in Davenport, Iowa John Howell Davenport Industrial Railroad, a 2.8-mile short line that connects the main line of the Dakota, Minnesota, & Eastern Railroad, a subsidiary of Canadian Pacific Railway, near Davenport, Iowa, with the city-owned Davenport Transload Facility, began operations on Jan. 1, 2020.  The city […]

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NS, UP salute contractors for flood recovery work NEWSWIRE

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Crews at work re-building a washed out Norfolk Southern bridge near Kansas City, Mo. Norfolk Southern CORONADO, Calif. — Generally, presentations by Class I railroads at the National Railroad Construction and Maintenance Association Conference focus on projects the assembled rail contractors can hope to bid on in the year ahead. But after a year of […]

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Q&A with railroad technologist Steve Ditmeyer NEWSWIRE

StevenDitemeyer

Steven Ditmeyer Steven Ditmeyer’s long career in railroading and related industries began as a transportation trainee for the Missouri Pacific Railroad. He has been a transportation economist at The World Bank; chief engineer of research, communications, and control systems at Burlington Northern; and held positions with the Federal Railroad Administration. He is currently the principal […]

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BNSF main line still closed after Idaho derailment NEWSWIRE

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BNSF’s main line to the Pacific Northwest remains closed because of this Wednesday derailment. Idaho State Police BONNERS FERRY, Idaho — BNSF Railway’s main line to the Pacific Northwest is still closed, more than a day after a derailment sent a locomotive into a frigid Idaho river. On Wednesday night, a westbound manifest freight derailed […]

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Germany’s Deutsche Bahn lowers intercity fares

High speed trains at station platform

BERLIN — German national passenger rail operator Deutsche Bahn has dropped fares for intercity travel for the first time in 17 years, with a 10% on tickets for intercity travel of more than 31 miles (50 kilometers). The lower fares reflect a decrease in the German government’s value-added tax on rail travel, from 19% to […]

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Progress Rail sells maintenance equipment leasing firm to equity management group NEWSWIRE

DALLAS — Progress Rail has sold its rail maintenance-of-way equipment leasing company to affiliates of Paceline Equity Partners, Paceline announced Thursday. Paceline is a Dallas-based private equity manager with investments in assets, corporate debt, and private equity. Progress Rail Equipment Leasing Corp., headquartered in the Detroit area, provides equipment for maintenance work including tie replacement, […]

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STB rejects shippers’ appeal on fuel surcharges NEWSWIRE

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WASHINGTON — The Surface Transportation Board has dismissed a complaint from a coalition of rail shippers taking issue with what they characterized as unfair fuel surcharges. The STB’s decision to deny the petition for reconsideration on Dec. 30 is the latest in a long-brewing conflict over fuel surcharges. Railroads say they are simply trying to […]

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