The Railroad Week in Review:
Archives, April-December 1997

  • Week Ending December 27, 1997
    Track maintenance cost model; merger rebuttals are in; NY Regional Rail rehab funding; Railroad Short Sellers.
  • Week Ending December 20, 1997
    Review and outlook: Wisconsin Central, RailTex, Emmons; new face at Norfolk Southern; vendor notes -- ABC Rail, Greenbrier.
  • Week Ending December 13, 1997
    Synopsis: St Lawrence & Hudson "officially" to remain part of CP Rail...NIT League supports CR merger...Draft environmental impact Statement issued by STB... Yahoo portfolio tracker...RTEX November carloads...Vendor notes: ABC Rail, Harmon, Greenbrier.
  • Week Ending December 6, 1997
    STB extends UP emergency service order to 3/15/98...CR Merger notes: STB okays connections construction, new Control date 8/22/98, new closing date 9/1/98...Truckers upgraded...Wall Street rail analysts meet with your editor...Emons and shortline operator John Nolan announce merger.
  • Week Ending November 29, 1997
    Providence & Worcester, Genesee & Wyoming results; Impace=t of congestion on UP earnings; How ABC Rail results affect stock valuations; Industry Snapshot: three non-classs I railroad companies.
  • Week Ending November 22, 1997
    Providence & Worcester, Genesee & Wyominbg results; Impace=t of congestion on UP earnings; How ABC Rail results affect stock valuations; Industry Snapshot: three non-classs I railroad companies.
  • Week Ending November 15, 1997
    New Jersey Shared Assets Area operating plan; "Responsive Application" of the LAL; focus on carbuilders.
  • Week Ending November 8, 1997
    Spreading effects of UP follies; STB hearing on CR mergerpushed back; Railtex Results; changes to vendor stock list; Varlen acquires overseas firms; rail stock evaluations - I.
  • Week Ending November 1, 1997
    Good news about Kansas City Southern and Emons Transportation; earnings down for New Zealand Tranz Rail, up for Genesee & Wyoming; Suface TRansportation Board hearings on UP.
  • Week Ending October 25, 1997
    Quarterly meetings for NS, UP, KCS; Amtrak strike commentary; CP-NS/CSX agreement; Penn DOT gives away $7.6 mm to rail projects.
  • Week Ending October 18, 1997
    Notes from the ASLRA annual meeting; FRA's Molitoris puts short lines on notice; still more valuation guidelines; rail vendor stocks up 61% year to date; focus on Westinghouse Air Brake (NYSE: WAB)
  • Week Ending October 11, 1997
    More on valuing the KCS railroad after the split; possible effect of UP's service problems on its stock price; The Great New Orleans Train Robbery; RailTex and Southern RR of NJ results.
  • Week Ending October 4, 1997
    NS stock splits three for one; UP service problems; Cleveland opposes merger; Maryland supports merger; Valuing KCS: The Railroad; small cap rails stock gains edge out the big roads for September.
  • Week Ending September 27, 1997
    More NS appointments in Philadelphia; Cleveland's Congressman Kucinich says NO to pending merger; KCS rail spinoff: what's the railroad worth by itself?
  • Week Ending September 20, 1997
    Emons results; Connecticut Central bought by P&W; STB's Section of Environmental Analysis active in UP/SP; Greenbrier drops logistics business; keeping the business you win by default; Last installment on centralized vs. divisional dispatching.
  • Week Ending September 13, 1997
    Divisional vs. centralized dispatching; Union Pacific safety audit; RTEX results and comment on Henry Chidgey departure; STB filings in Conrail case; Craig Lewis names NS Regional VP in Philadelphia; The Burlingon Northern of 1898.
  • Week Ending September 6, 1997
    Discussion of "revenue adequacy;" beginning a discussion of dispatcher qualifications; Yankee shortlines in Australia; Positive Train Control developments.
  • Week Ending August 30, 1997
    FRA blankets Union Pacific with inspectors in wake of fatalities, shippers express disappointment with UP/SP; More on CP and CN filings; P&W broadens Fresh Pond access; Genessee & Wyoming results up, signs rail deal in Australia; Wisconsin Central goes to Tasmania; Arizona & California Group buys Oregon line.
  • Week Ending August 23, 1997
    More DOCP and P&W details; CN and CP put thier oars in the merger waters; new opportunities for former Conrail shortlines; Rockville Bridge damaged.
  • Week Ending August 16, 1997
    FRA puts teeth in anti-valdalism laws; RailAmerica , Providence & Worcester results improved; Delaware Otsego buyout details.
  • Week Ending August 9, 1997
    RailTex results from on-going business improves, interest coverage a question; source for new e-mail adresses at Norfolk Southern; railroad vendor websites; do-it-yourself payroll deduction plan for railroad investments; Ann Arbor's creative approach to industrial development.
  • Week Ending August 2, 1997
    STB ruling on competitive access and related merger notes; CSX merger results may kick in more slowly than first thought; FRA highway crossing barrier program set for Hudson Division; railroad and railroad vendor stock performance year-to-date; new debt offerings.
  • Week Ending July 26, 1997
    Wisconsin Central unionizes, stock price plummets, commentary; Second quarter results for NS, CSX, BNSF; BNSF sells Florda Line to StatesRail.
  • Week Ending July 19, 1997
    Matlack sues NS and Conrail over three terminals; Schneider International hiring drivers, upping speeds; FOSALE: ex-SP business cars; New UP-NS intermodal service LA-Columbus; UP second quarter results; pro forma comparisons of UP/SP with NS/CR and CSXS/CR; Why WABCO won Amtrak's bid.
  • Week Ending July 12, 1997
    Rail Development Corp. wins Guatemalan Railroad concession; Greenbrier results off; RailTex results improve; STB rules against local jurisdiction over rail improvements; further discussion of Wisconsin Central and RailTex stock prices.
  • Week Ending July 5, 1997
    Norfolk Southern post-merger financial projections; do more accidents mean more regulation?; Conrail attracts the attention of the Environmental Police; UPRR and two Mexican partners awarded Pacific North rail line; Michigan looking to sell the four shortlines it owns; Canadian National opens new Chicago CargoFlo terminal; Questions regarding RailTex and Wisconsin Central stock prices.
  • Week Ending June 28, 1997
    NS/CSX/Conrail filing sent to STB; Reistrup to CSX; New BNSF website offerings; UP collision aftermath; Pioneer Railgroup results for May; Power Parts wins big UP order.
  • Week Ending June 21, 1997
    All quiet on the merger front...Union Pacific upgrades four line segments totalling 259 miles for $33.8 million...Shortline survey results...trucking company stock reports show how the transportation business is changing...NYSW in play?...Letter from Bruce Flohr...WCLX cited by S&P...Line sales at CN, CP, BNSF.
  • Week Ending June 14, 1997
    New York Cross Harbor gets cross with Conrail and sues; Wisconsin Central adds 100 new 100-ton boxcars for paper; DM&E to build in to Powder River Basin; Tropicana adds a Cincinnati train; KCS goes South of the Border; Harmon Industries absorbs affiliate; RailTex financial results; California Northern carloads and safety notes.
  • Week Ending June 7, 1997
    STB sets 350-day schedule for Conrail merger; potential merger impacts on Philadelphia traffic patterns; Two Conrail dereailments; more on the Canadian grain business; rail industry stock performance YTD; RailTex results YTD; MotivePower Industries a success story.
  • Week Ending May 31, 1997
    CN on Canadian wheat woes; STB filing update; Railserve homepage; RailAmerica hires; Greenbrief orders, earnings; Wisconsin Central starts operations on its Wausau-Hayward line; the Arkansas Artrain.
  • Week Ending May 24, 1997
    Rumors of IC/CN merger; BN sells some, buys some; Harmon Industries and other suppliers; RailAmerica's first quarter results; Peterson joins RailTex; CSX to upgrade Greenwich OH to Chicago track; NS operating revenue clarification; STB to short lines: don't ask for the moon.
  • Week Ending May 17, 1997
    Norfolk Southern and Darth Vader; STB timetable for CR/NS/CSX plan; CP haulage rights in Conrail territory; FRA grant to Conrail for positive-train-control project; CP opens Gateway Intermodal Terminal; Supplier Notes
  • Week Ending May 10, 1997
    STB spoilers: Arlen Specter, AFL-CIO, American Trucking Association; Florida East Coast in play?; Kansas City Southern acquires Gateway Western; AMTRAK gains and losses; Vermont Railway/Green Mountain Railroad; UP track upgrade Ft. Worth-Odessa; Italian "hiccup" strike
  • Week Ending May 2, 1997
    April rail stock performance; FRA's $110MM capital grant to Alaska Railroad; More Rails-to-Trails in Pennsylvania; STB merger schedule; Union Pacific south of the border?; Canadian National south of the border? Again?; shortline and supplier news
  • Week Ending April 26, 1997
    First quarter earning reports: Burlington Northern Santa Fe, Canadian National, Norfolk Southern, CSX
  • Week Ending April 19, 1997
    Bright future for RR stocks?; intermodal on the Amtrak corridor; RailTex earnings; Delaware & Otsego stock activity; UP earnings up; more on Canadian National response to Conrail breakup
  • Week Ending April 12, 1997
    Rails share in S&P wipeout; a new look at the Norfolk Southern/CSX split of Conrail; CN's objections
  • Week Ending April 5, 1997
    Conrail puts hold on six cluster sales; CP sells former Milwaukee track; RailAmerica to sell Steel City Trucking, concentrate on rail holdings; class I stock price movement; strength in intermodal; S&P downgrades Wisconsin Central, boosts GATX to five stars; ABC Rail earnings
  • Index for Dec 96 - March 97

--Roy Blanchard

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