June, 2009 - jstagl - Editors' Posts - MyProgressiveRailroading
    • 16 Jun 2009

    BNSF's Rose: Economy has leveled off, but expect a slow recovery

    The U.S. economy has reached the bottom-out point, but a recovery likely will be a drawn-out affair. So said BNSF Railway Co. Chairman, President and CEO Matt Rose recently at the National Summit in Detroit, according to a Reuters article. "It appears that we've seen a leveling out," he said. "The next logical question is: When does it start to come up? It's going to be a slow recovery, as there's...
    • 10 Jun 2009

    Florida utility a welcome boost to CSXT's coal business

    Lower demand for electricity and higher coal stockpiles are hampering U.S. railroads’ coal traffic. In May, their coal carloads fell 15.8 percent year over year, according to the AAR. But Tampa Electric Co.’s (TECO) plan to receive coal by rail instead of exclusively by ship means CSX Transportation’s coal traffic, at least, will get a much-needed boost by year’s end. Through May, the Class I’s...
    • 3 Jun 2009

    Not enough anti-CN/EJ&E resolve to drive home Illinois resolutions

    The Illinois General Assembly recently passed two resolutions that could change the way railroad transactions (mostly mergers) are reviewed and approved by the Surface Transportation Board (STB). At least that’s what some anti-CN/EJ&E folks in the state are pinning their hopes on. An Illinois Senate resolution proposes that infrastructure improvement projects backed by private funding be given priority status...