JJ Ruest: Mergers less effective in post-PSR world NEWSWIRE

LOMBARD, Ill. – Class I railroad mergers are not the sure path to efficiency gains that they once were within the industry. So says Canadian National President and CEO JJ Ruest at the winter meeting of the Midwest Association of Rail Shippers in Lombard on Thursday.   Ruest notes that as the entire industry has […]

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Freight car outlook: More stored, fewer to be built NEWSWIRE

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Greenbrier’s Lorrie Tekorius TRAINS: David Lassen LOMBARD, Ill. – As Precision Scheduled Railroading sweeps the rail industry its effect is also being felt throughout the rail supply industry. Around 408,000 North American freight cars are stored. Some of that is attributed to a 5.1 percent decline in traffic in 2019, but some can also be […]

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Crude-by-rail safety legislation introduced in House NEWSWIRE

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WASHINGTON — Legislation to force oil companies to decrease the volatility of crude oil shipped by rail has been introduced in Congress. On Jan. 13, Reps. John Garamendi (D-Calif.), Barbara Lee (D-Calif.), Bill Foster (D-Ill.), Nita M. Lowey (D-N.Y.), and Jamie Raskin (D-Md.) introduced the Crude by Rail Volatility Standard Act. The law would require […]

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Four new members of NJ Transit board confirmed NEWSWIRE

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TRENTON — The New Jersey Senate voted unanimously on Monday to confirm four new board members of the NJ Transit board. Even with the confirmations, the board still has five seats to fill. NorthJersey.com reports that the new board members, nominated by Gov. Phil Murphy in March, are: —  Retired Democratic state senator Bob Gordon, […]

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