CP Rail eyes link to access U.S. South
May 04, 2009
Canadian Pacific Railway Ltd. is discussing a new partnership with Kansas City Southern Railway Co. aimed at granting the railways access to each other's lines. For CP, this would create a more direct route to the Gulf of Mexico in exchange for greater access to Chicago along its own network. Such an arrangement was made possible by CP's recent acquisition of Dakota, Minnesota & Eastern Railroad Corp., which links the two railways in Kansas City, Mo. Read more...
Wabtec Reports 1Q EPS Up 3%
Apr 28, 2009
Wabtec Corporation (NYSE: WAB) reported its 2009 first quarter results. Based on its first quarter results and outlook for the rest of the year, Wabtec affirmed its 2009 guidance for earnings per diluted share of between $2.45-$2.75, with sales now expected to be slightly down for the year. Read more...
CN Taps Mongeau as Future CEO
Apr 24, 2009
Claude Mongeau will replace E. Hunter Harrison at the end of this year as president and CEO of Canadian National Railway, the company said. Board Chairman David G. A. McLean said the board chose to promote Mongeau, 47, from executive vice-president and chief financial officer. Mongeau joined the company in 1994 and moved through a number of senior positions since then. McLean said Harrison groomed his successor. Read more...
SBB invites bids for biggest train order
Apr 22, 2009
Swiss Federal Railways invited bids on April 20 for the supply of 59 double-deck trainsets, which it says will be its largest-ever rolling stock order. SBB puts the cost at around SFr2·1bn, with further options to cover additional vehicles as needed. Other options will include obtaining approval for use in Germany and Austria. Read more...
Railroads cut jobs to 2005 levels
Apr 20, 2009
By the middle of February, employment levels at the U.S. operations of the seven Class I railroads had been set back by four years, the Journal of Commerce reports. In reports the carriers file with the Surface Transportation Board, the railroads said that as of mid-month they employed 156,997 workers, down 2,500 or 1.58 percent from a month earlier. Read more...
Obama pushes development of high-speed rail
Apr 16, 2009
The United States will seek to develop high-speed rail nationally, President Barack Obama said on Thursday in emphasizing a broader commitment to U.S. infrastructure investment and a transportation alternative ignored or dismissed by previous administrations but long embraced by Asia and Europe. Those funds will go to states for upgrading existing passenger rail lines and laying the groundwork for high-speed projects, 10 of which are in various stages of planning in California, the Gulf Coast and other regions. Read more...
Scheduled Downtime
Apr 14, 2009
RailFood will be unavailable between 12pm and 3pm Eastern Daylight Time on Saturday April 18, while we upgrade the site. Thank you in advance for your patience.
Two Tips for Success on RailFood
Mar 19, 2009
1. You are more likely to get a positive reply if you complete your profile. Nobody likes sending anonymous quotes, so the more information you provide about yourself and your company the better.
2. Professional Tier members are taken more seriously than Basic members. Having a successful interaction with RailFood signals to others that you are a legitimate supplier or buyer with valid payment credentials. You can check out the benefits of Professional Membership by clicking here.
