1/4/2017
Rail News: Supplier Spotlight
Railroad News
Jan
04
Jan
04
1/4/2017
Rail News: Passenger Rail
Jan
04
For Immediate Release
AAR Reports Freight Rail Traffic for 2016, December and Week Ending December 31
AAR President and CEO Previews 2017 Priorities
Jan
04
New Jersey Transit Corporation (NJ Transit) has chosen Jacobs Engineering Group, Inc., to carry out design and general engineering services for its NJ Transit microgrid project.
Jan
04
Reading & Northern Railroad has increased the track speed of its Main Line between Reading, Penn., and Port Clinton to 40 mph.
The railroad said this is the first time in 25 years track speeds have increased to this level and that the increase marks a major efficiency improvement on the line, cutting seven minutes from the travel time between the two locations.
Jan
04
North Carolina Gov. Roy Cooper announced Jan. 3 the appointment of Jim Trogdon to lead the North Carolina Department of Transportation (NCDOT). Trogdon is an engineer with decades of experience in state government and the military.
Jan
04
1/4/2017
Rail News: BNSF Railway
Jan
04
1/4/2017
Rail News: BNSF Railway
Jan
04
Rail News Home BNSF Railway 1/4/2017 Rail News: BNSF Railway
BNSF Railway Co. and J.B. Hunt Transport Services Inc. announced yesterday they both have exercised their right to arbitrate a revenue division in a joint service agreement.The service agreement provides that the revenue division will be a negotiated provision determined by the companies and reviewed quarterly, according to a J.B. Hunt press release.The arbitration involves the division of revenue collected under the agreement as of May 1, 2016, J.B. Hunt officials said."The fairness of the revenue division has not been reviewed by a third party in more than 10 years, and the intermodal network built by the parties over that time has seen tremendous growth and increased operating complexities," stated J.B. Hunt's press release.Although the arbitration proceeding is infrequent and may be "lengthy and time consuming," the company considers it a normal part of business, J.B. Hunt officials added.Because the agreement's terms and the arbitration proceedings are confidential, BNSF declined to comment on the matter."BNSF continues to be focused on providing excellent service to our customers, which will not be affected by this review," BNSF officials said in a press release. Contact Progressive Railroading editorial staff. More News from 1/4/2017
BNSF Railway Co. and J.B. Hunt Transport Services Inc. announced yesterday they both have exercised their right to arbitrate a revenue division in a joint service agreement.The service agreement provides that the revenue division will be a negotiated provision determined by the companies and reviewed quarterly, according to a J.B. Hunt press release.The arbitration involves the division of revenue collected under the agreement as of May 1, 2016, J.B. Hunt officials said."The fairness of the revenue division has not been reviewed by a third party in more than 10 years, and the intermodal network built by the parties over that time has seen tremendous growth and increased operating complexities," stated J.B. Hunt's press release.Although the arbitration proceeding is infrequent and may be "lengthy and time consuming," the company considers it a normal part of business, J.B. Hunt officials added.Because the agreement's terms and the arbitration proceedings are confidential, BNSF declined to comment on the matter."BNSF continues to be focused on providing excellent service to our customers, which will not be affected by this review," BNSF officials said in a press release. Contact Progressive Railroading editorial staff. More News from 1/4/2017
Jan
04
J.B. Hunt Transport Services, Inc., and BNSF have both requested a panel of arbitrators review their Joint Service Agreement revenue division.
The agreement between the two parties dates to 1991 when J.B. Hunt entered into what was then considered a landmark agreement with the Santa Fe Railway, which merged with Burlington Northern in 1995 to form BNSF. The agreement calls for the revenue division to be reviewed quarterly and has not gone to arbitration since 2004. The current request for arbitration pertains to the division of revenue collected since May 1, 2016.
Jan
04
1/4/2017
Rail News: People
Jan
04
Union Pacific (UP) has announced its acquisition of Railex LLC, a refrigerated rail service and third-party logistics leader.
Jan
04
Jan
04
Jan
04
Jan
03
Jan
03
Jan
03
Jan
03
U.S. Transportation Secretary Anthony Foxx announced last week that Martin Klepper has been appointed to serve the United States Department of Transportation’s (USDOT) Build America Bureau as its executive director.
Jan
03