%%subject%%

Domestic News

US Shippers say They Overpaid for Rail Transport, Allege Price Fixing

The petrochemical/refining unit of the French energy major Total has joined 37 other big freight shippers in accusing the U.S.’s four biggest railroads of price fixing by adding fuel surcharges to cargo prices.

Tank-Car Repair, Requalification Work Keeps Repair Shops Busy

The decline in U.S. freight-rail traffic continued through October. At recent industry trade shows, railroaders and suppliers weren’t shy about acknowledging the sluggish and uncertain economy, noting that freight-rail capital expenditures were down for the most part this year, and could be down again in 2020. But not all rail execs have been using the “D” word this fall.

Pat Ottensmeyer, 2020 Railroader of the Year

The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain.

Norfolk Southern Announces Round of Furloughs in Roanoke

Norfolk Southern notified workers Monday that a new round of furloughs is coming to its Roanoke operations.

International News

China’s US$4.3 Billion IPO Highlights Investor Confidence in World’s Largest Rail Network

China’s first initial public offering allowing investors to buy shares in the world’s largest rail network proved hugely popular this week, with interest in the initial public offering for the Beijing – Shanghai High-Speed Railway line oversubscribed by 126 times.