Precision scheduled railroading news
News about precision scheduled railroading.
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NewsUSDOT seeks to enhance safety measures following Ohio derailment
USA: Federal Transportation Secretary Pete Buttigieg has called for ‘a three-pronged push’ by regulators, industry and Congress to improve the safety of rail freight operations, following the derailment of a Norfolk Southern train carrying hazardous chemicals at East Palestine, Ohio.
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In depthComment: Productivity not exploitation
Poor working conditions risk impacting on railways’ ability to recruit the people they need to be competitive for the future, argues Railway Gazette’s Senior Editor Chris Jackson.
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In depthNorth America: Rethinking rail in uncertain times
With the Covid-19 pandemic and economic downturn hitting traffic volumes, North America’s railroads are looking to the future and how to achieve profitable growth following the Precision Scheduled Railroading reforms. Dave Lustig investigates.
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NewsNS streamlines strategic planning as Scheib steps down
USA: Norfolk Southern has announced a number of organisational changes following the departure of Executive Vice-President & Chief Strategy Officer John Scheib on June 1.
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In depthInterview: In search of ‘the golden middle’
Eran Gartner, Chief Executive of infrastructure services and technology specialist Pandrol, reflects on the challenges of globalisation and the industry’s drive towards digital, as well as discussing the impact of Precision Scheduled Railroading with Nick Kingsley.
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In depthComment: Freight steps forward
Photo: Toma Bačić Coffee is among the consumer goods increasingly moving by rail between Italy and northern Europe during the pandemic. Austria might be amongst the first countries seeking to reanimate its economy by easing the lockdown restrictions enforced to combat Covid-19, but it could still be ...
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In depthComment: Stop talking, start acting
‘There is no European Green Deal without rail’. That was the emphatic message from Siemens Mobility CEO and UNIFE Chair Sabrina Soussan, addressing a round-table discussion at the annual European Rail Award in Brussels on February 18, hosted jointly by CER and UNIFE.
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NewsCanadian Pacific aims to outpace its peers in 2020
CANADA: Canadian Pacific Railway has announced record revenue of C$7·79bn for 2019, a 7% year-on-year increase. Diluted earnings per share increased 29% to a record C$17·52. The operating ratio was 59·9, an improvement from 61·3 the previous year. ‘Global economic uncertainty caused by geopolitical and macroeconomic challenges ...
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NewsPrecision Scheduled Railroading ‘sustains momentum’ at Kansas City Southern
USA: ‘Kansas City Southern’s implementation of Precision Scheduled Railroading principles has sustained momentum in the fourth quarter, driving strong results in the form of more consistent and reliable operations, improved customer service, improved cost structure and growth in shareholder returns’, said President & CEO Patrick J Ottensmeyer ...
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NewsMaine acquisition as CP looks coast-to-coast again
INTERNATIONAL: Canadian Pacific has agreed to acquire the Central Maine & Quebec Railway from Fortress Transportation & Infrastructure Investors LLC, the two companies announced on November 20. CMQ operates a 774 km network in Québec and Maine, largely comprising the former Canadian Atlantic Railway and Banger & ...
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In depthNorth America: Riding the PSR revolution
Precision Scheduled Railroading has become the latest darling of North American railroading, overtaking PTC as the top priority for senior managers as Wall Street investors demand improved profitability. Dave Lustig investigates.
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NewsNorfolk Southern starts TOP 21 roll-out
USA: Norfolk Southern has successfully rolled out the first phase of its Thoroughbred Operating Plan 21, covering its wagonload and automotive traffic, the railway confirmed on July 22. Mirroring the principles of the Precision Scheduled Railroading concept adopted by other Class Is, TOP21 is designed to improve system velocity ...
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NewsKansas City Southern revises performance metrics
USA: Kansas City Southern has revised the definitions of two metrics that it uses to measure operating performance. Operational Cars Online (formerly Cars Online) represents the number of wagons on the KCS network that are not at a customer’s location. Gross Velocity (formerly Train Speed) measures the average velocity ...
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News'Record by almost every measure' in Canadian Pacific's 'watershed' year
CANADA: ‘2018 was a record by almost every measure and will be remembered as a watershed year for our company’, said Canadian Pacific Railway Ltd President & CEO Keith Creel when presenting the operator’s results for the 2018 calendar year on January 23. ‘Our record operating results are proof that ...
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NewsUnion Pacific launches Unified Plan 2020 to improve performance
USA: On October 1 Union Pacific began the phased roll-out of its Unified Plan 2020, an operating plan designed to implement ‘precision scheduled railroading’ principles with the aim of achieving an operating ratio of 60 by 2020 and 55 in the longer term. UP said the implementation of precision scheduled ...
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NewsHunter Harrison dead at 73
USA: ‘With great sadness’, CSX announced on December 16 that its President & Chief Executive Officer E Hunter Harrison had died at the age of 73, ‘of unexpectedly severe complications following a short illness’. Other reports suggested that he had been unwell for some time. James M Foote, who joined ...
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NewsCSX board restructured as Harrison takes charge
USA: Former Canadian Pacific Chief Executive E Hunter Harrison was confirmed as the new Chief Executive Officer of CSX Corp on March 6. He succeeds Michael Ward, who had announced his decision to retire as Chairman & CEO on February 21 and will now become a consultant. CSX has also ...