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AAR smartbrief

 

  Industry Update   taken from the AAR smartbrief bulletin - available at www.aar.org

 

Class I executives cautiously bullish on 2013
The top executives at BNSF, CSX, Canadian National, Canadian Pacific, Kansas City Southern, Norfolk Southern and Union Pacific gave positive insights on the rail industry's projected business development and growth in 2013, writes Jeff Stagl. Intermodal, energy commodities such as crude oil, and customer service development are some of the factors that would contribute to a more thriving business, according to the CEOs. Progressive Railroading (12/2012)  ? ? ? ? 
? CN, CP say further Canadian rail regulations needless
Additional Canadian rail regulations such as the latest one recently introduced before the Parliament lack justification, according to Canadian National and Canadian Pacific. The rail service improvement bill is "unnecessary and overly burdensome," said CN CEO Claude Mongeau. "We are confident strong commercial relationships will continue to emerge with little need for the processes described in the legislation," said CP CEO Hunter Harrison. Financial Post (Canada) (12/11), Reuters (12/11)  ? ? ? ? 
? CP, TCRC-MWED reach 5-year labor contract for 2,600 workers
Canadian Pacific reached a temporary five-year labor deal with 2,600 employees represented by the Teamsters Canada Rail Conference-Maintenance of Way Employees Division. "I would like to congratulate this union's leadership for their work and professionalism at the bargaining table," said CP President and CEO Hunter Harrison. RailwayAge.com (12/11), The Journal of Commerce (12/11)
 

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