Rail News Home Federal Legislation & Regulation 11/19/2018 Rail News: Federal Legislation & Regulation Congress creates new cybersecurity agency Christopher Krebs is the new director of the Cybersecurity and Infrastruture Security Agency (CISA). Photo – Chris Krebs' Twitter account Congress last week passed legislation creating the Cybersecurity and Infrastructure Security Agency (CISA) within the U.S.…
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Rail News Home Federal Legislation & Regulation 11/14/2018 Rail News: Federal Legislation & Regulation House rail subcommittee's Denham ousted in re-election bid U.S. Rep. Jeff Denham (R-Calif.) Photo – Congress.gov U.S. Rep. Jeff Denham (R-Calif.), a longtime critic of California's high-speed rail project, was defeated for re-election to a fifth term in Congress by first-time…
(Repeats to additional subscribers) CALGARY, Alberta, Nov 12 (Reuters) - Canada's biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada's crude in Alberta, driving discounts to record-high…
CALGARY, Alberta, Nov 11 (Reuters) - Canada's biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada's crude in Alberta, driving discounts to record-high levels. Canadian heavy crude…
Rail News Home Federal Legislation & Regulation 11/9/2018 Rail News: Federal Legislation & Regulation U.S. Rep. Loebsack visits Sivyer Steel for post-bankruptcy update U.S. Rep. Dave Loebsack (center) met with Sivyer officials to discuss the firm's progress since it was bought out of bankruptcy proceedings. Photo – Sivyer Steel Corp. U.S. Rep. Dave Loebsack (D-Iowa)…
Rail News Home Federal Legislation & Regulation 11/7/2018 Rail News: Federal Legislation & Regulation Canada seeks buyer for Ridley Terminals Ridley Terminals operate on Ridley Island in Prince Rupert, where they transfer bulk commodities from rail cars onto ocean-going vessels. Photo – rti.ca The Canada Development Investment Corp. (CDEV) has begun the process of selling…
Rail News Home Federal Legislation & Regulation 10/31/2018 Rail News: Federal Legislation & Regulation Canada's TSB highlights fatigue on safety watchlist TSB Chair Kathy Fox discussed the board's 2018 Watchlist at a press conference this week. Photo – TSB YouTube The Transportation Safety Board of Canada (TSB) this week released its Watchlist 2018 to highlight…
Rail News Home Federal Legislation & Regulation 10/26/2018 Rail News: Federal Legislation & Regulation Senate bill would provide railroads, ports equal footing for INFRA grants Sen. Tom Carper Photo – Carper's office Sen. Tom Carper (D-Del.) earlier this month introduced S. 3587, a bill that proposes to provide rail, intermodal and port projects a better…
(Adds third-quarter details, compares with estimates) Oct 25 (Reuters) - Union Pacific Corp, the No. 1 U.S. railroad, topped quarterly Wall Street estimates for profit on Thursday, as it transported more industrial and agricultural products. A strong economy, robust freight demand and a tight trucking market in the United States have buoyed the sector, with…
(Recasts first sentence with expected impact of U.S. trade policies, adds executive comments, share price) Oct 25 (Reuters) - Union Pacific Corp reported a bigger-than-expected jump in quarterly profit on Thursday and said it was redoubling efforts to run its trains more effectively amid looming risks from new U.S. trade policies and economic softening in…