Loading ...
Sorry, an error occurred while loading the content.

Weekly Rail Recap for the Week Ending Saturday, May 4, 2002

Expand Messages
  • Gino & Kelly DiCarlo
    WEEKLY RAIL RECAP For the week ending SAT, May 4, 2002 By Dave Mears (NOTE: The expression ffd at the end of a news item means for further details and
    Message 1 of 1 , May 10, 2002
    • 0 Attachment
      For the week ending SAT, May 4, 2002
      By Dave Mears

      (NOTE: The expression "ffd" at the end of a news item means "for further
      details" and usually represents what I believe to be the most helpful news
      resource if a reader wants more information on a particular item.)

      THE WEEK'S TOP NEWS (in chronological order):

      (MON) New Amtrak timetables went into effect for Northeast Corridor and
      national services. Among the changes effected include conversion of 3
      Metroliner trains to Acela Express trains, with the latter now totaling 16
      roundtrips between New York, NY. and Washington, DC. Other changes include
      the removal of sleeping and dining car services on the "Silver Palm" and its
      renaming as the "Palmetto", and the rescheduling of the "Pennsylvanian" so
      that it leaves Philadelphia, PA. later in the morning and leaves Chicago,
      not in the morning but instead in the late evening. (ffd: Amtrak)

      (MON) General Motors named Union Pacific as its "Supplier of the Year" in
      2001, the first time that a railroad has received this award from GM. Last
      year, GM selected UP to provide all its rail transportation west of the
      Mississippi River. (ffd: UP Corp.)

      (MON) The U.S. Surface Transportation Board said that it would work to
      provide a better basis for considering small railroad rate case costing
      issues. The STB said that it was considering using Uniform Rail Costing
      System regional average variable costs to act as surrogate for small
      variable costs and invited public comments on this matter. (ffd: STB)

      (MON) Canadian National and Canadian Pacific announced that it had sold the
      former Michigan Central bridge across the Niagara River near Niagara Falls,
      NY. for conversion to a vehicle bridge exclusively for the use of large
      commercial trucks. Last year, a new trackage rights agreement between CN
      and CP allowed CP to reroute its trains through the Niagara Falls gateway
      onto CN's International Bridge route via Fort Erie, ON. (ffd: CN Corp.)

      (MON) 11 Egyptian railway workers pleaded innocent to charges of gross
      negligence in connection with the fire last February aboard an Egyptian
      passenger train that killed 364 persons. The workers were accused of
      to equip the train with functioning fire extinguishers, allowing too many
      passengers aboard and continuing to run the train while the fire was
      underway. (ffd: wire services)

      (TUE) The U.S. Federal Railroad Administration instituted a special safety
      watch over Amtrak. In announcing the action, FRA spokesman Robert Gould
      said that it did not mean that Amtrak was considered unsafe, but rather that
      Amtrak's current financial and operational situation warranted this effort.
      (ffd: Washington Post)

      (TUE) At the annual American Short Line and Regional Railroad Association
      meeting in Orlando, FL., Burlington Northern Santa Fe CEO Matt Rose said
      that BNSF would soon require e-compliance of connecting regional and
      shortline railroads. Mr. Rose stated that BNSF needed electronic reporting
      by regionals and shortlines to be "100 percent by year end and the reporting
      lag to be no more than 8 hours." Mr. Rose added that, in the future, BNSF
      would only consider a regional and shortline operator for additional
      outsourcing opportunities that is e-compliant and can report these
      standards. (ffd: BNSF Corp.)

      (TUE) Attorneys for a man who had fallen asleep on Canadian Pacific/Delaware
      & Hudson railway tracks in New York State and then lost a leg when he was
      run over announced that they had settled with CP/D&H for $1.7 million. The
      attorneys said that, while the man admitted to having had 4 to 5 beers prior
      to falling asleep on the tracks, the crew of the train that ran over him
      failed to blow the horn after having spotted him, as state law and railroad
      operating rules required. (ffd: The Buffalo News)

      (WED) Norfolk Southern was named in a class action lawsuit asking for
      reparations for the descendants of slaves who had helped build NS
      predecessor railroads prior to 1865. Last month, CSX was named in a similar
      lawsuit. (ffd: wire services)

      (THU) U.S. Secretary of Transportation Norman Mineta and Association of
      American Railroads CEO Edward Hamberger announced creation of a "Surface
      Transportation Information Sharing and Analysis Center." Secretary Mineta
      said that the center "will help ensure that intrusions on transportation
      information technology - such as viruses and attacks - do not disrupt the
      nation's transportation operations." Mr. Hamberger announced that the AAR
      had retained EWA-IIT Corp. of Herndon, VA. to establish and operate the
      center. (ffd: USDOT)

      (THU) The U.S. Federal Railroad Administration announced the winners of the
      annual E.H. Harriman Memorial Safety Awards for the best railroad safety
      records last year. Gold medalists by category were: 15 million man hours or
      more, Norfolk Southern; 4 million to 15 million man hours, Kansas City
      Southern; less than 4 million man hours, Duluth, Winnipeg and Pacific;
      switching and terminal companies, Conrail Shared Assets. (ffd: AAR)

      (THU) New York's Metropolitan Transportation Authority ordered 352 new
      electrical multiple unit commuter rail cars. The cars, which will cost a
      total of $600 million, will be manufactured by Bombardier and placed in
      service on the Long Island Rail Road. (ffd: Progressive Railroading)

      (THU) The U.S. Federal Railroad Administration announced that it would
      enhance its Emergency Notification System for reporting highway-rail grade
      crossing problems with GIS capability. The FRA said that it would offer the
      new enhancement to states and railroads at no cost. (ffd: USDOT)

      (FRI) Operation Lifesaver, the rail industry's grade crossing safety and
      trespasser prevention program, designated May 12 through 18 as National
      Operation Lifesaver Week. (ffd: OLI)

      (SAT) A coalition of state and local government officials, rail labor
      representatives, environmental activists and business leaders announced that
      they would hold a rally in support of adequate funding for a national rail
      passenger network. The coalition said that the rally would be held
      Wednesday, May 8, on Capitol Hill in Washington, DC. (ffd: wire services)


      (THU) For the week ending April 27, U.S. carload rail traffic was down 2.3
      percent from the comparable week last year, down 3.7 percent in the East and
      down 1.1 percent in the West. Also for the week ending April 27, U.S.
      intermodal rail traffic was up 9.7 percent, Canadian carload rail traffic
      down 1.4 percent and Canadian intermodal rail traffic was up 13.8 percent,
      all when ranked with the comparable week last year.

      For the month ending April 27, U.S. carload rail traffic was down 2.5
      percent. Compared April, 2002 with April, 2001, notable traffic increases
      included crushed stone, sand and gravel up 7.6 percent, motor vehicles and
      equipment up 6.3 percent and chemicals up 5.7 percent; notable traffic
      decreases included metallic ores down 11.9 percent, coal down 6.7 percent
      and grain down 4.5 percent. Also for the month of April, 2002, U.S.
      intermodal rail traffic was up 7.4 percent, Canadian carload rail traffic
      was up 0.7 percent, Canadian intermodal rail traffic was up 10.0 percent,
      Transportacion Ferroviaria Mexicana's carload rail traffic was up 38.3
      percent and TFM's intermodal rail traffic was up 80.8 percent, all when
      ranked with April, 2001.

      For the period January 1 through April 27, U.S. carload rail traffic was
      3.5 percent, U.S. intermodal rail traffic was up 1.4 percent, Canadian
      carload rail traffic was down 3.9 percent, Canadian intermodal rail traffic
      was up 4.0 percent, TFM's carload rail traffic was up 3.7 percent and TFM's
      intermodal rail traffic was up 13.2 percent, all when ranked with the
      comparable period last year. (ffd: AAR)


      (TUE) Shortline, regional and overseas rail conglomerate Genesee & Wyoming
      reported net income of $5.4 million for the first quarter this year, down
      from $6.6 million for the first quarter last year. Noting the effect of
      G&W's recent acquisitions of the South Buffalo Railway and the Emons
      Transportation Group, revenues were $48.3 million for the first quarter this
      year, up from $42.9 million in the first quarter last year. (ffd: G&W Corp.)


      (WED) Union Pacific granted Burlington Northern Santa Fe temporary trackage
      rights between Omaha, NE. and Sioux City, IA., for the purpose of allowing
      BNSF to conduct a forthcoming "blitz" maintenance-of-way project on their
      rail route between these cities. (ffd: STB)

      (THU) South Chicago & Indiana Harbor Railway filed to acquire Chicago Short
      Line's lines, trackage rights and other assets, pursuant to an agreement
      between ISG Corp. and LTV Corp. (ffd: STB)


      (THU) CSX appointed Jeffrey McCutcheon and Robert Haulter each as an
      SVP-Human Resources. Mr. McCutcheon will report to EVP-Corporate Services
      Andrew Fogarty and Mr. Haulter will report to President Michael Ward. (ffd:
      CSX Corp.)

      * * *

      (EDITOR'S NOTE: Apologies to my readers that I'm a little late with WRR this
      week, but I should be back on schedule with next week's edition.)
      Weekly Rail Recap is edited from public news sources and published weekly,
      usually on Sunday or Monday, to the rail and transit industries and those
      interested in them.
    Your message has been successfully submitted and would be delivered to recipients shortly.