Latest Rail Industry News
Canadian Pacific Railway Limited (CP) has announced that Keith Creel will become president and chief executive officer, effective January 31, 2017, following E. Hunter Harrison’s retirement.
Ironhorse Resources, Inc. has appointed Matt Cundiff president, succeeding Greg Cundiff, who will remain as chairman of the Board of Directors. The appointment was effective January 1, 2017.
The engineering and construction firm of SNC-Lavalin has been awarded two rail and transit contracts in the United States.
CSX Corporation has reported 2016 fourth quarter net earnings of $458 million compared to $466 million in the same quarter of 2015. Earnings per share for the fourth quarter were $0.49 per share compared to $0.48 per share in the 2015 fourth quarter.
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending January 14, 2017, totaled 516,229 carloads and intermodal units, a 2 percent increase compared to the same week in 2016.