Rail News Home Canadian National Railway - CN 11/17/2021 Rail News: Canadian National Railway - CN
CN today announced it has been included on the Dow Jones Sustainability World Index (DJSI World) for the 10th consecutive year, and is also on the North America Index for the 13th straight year.The world index represents the top 10% of the world’s 2,500 largest companies (as evaluated by S&P Global), while the North America index represents the top 20% of North America’s 600 largest companies that demonstrate sustainability initiatives. Dow Jones' corporate sustainability assessment evaluated the economic, environmental and social criteria for meeting index designation.CN’s environmental, social and governance (ESG) targets and goals include the following:
• Reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 43% per million gross ton miles and reduce Scope 3 GHG emissions from fuel- and energy-related activities 40% per million gross ton miles by 2030 from a 2019 base year;
• Interim 6% intensity-based reduction in locomotive GHG emissions by 2022 from a 2017 base year;
• Reduce Criteria Air Contaminants intensity by 6% by 2022 from a 2017 base year;
• Eliminate serious injuries and fatalities from the workplace and reduce train accidents;
• Attain by 2022 and thereafter maintain an executive management team in which at least 30% are women; and
• Attain by 2022 and thereafter maintain a board composition in which at least 50% of the non-management board members come from diverse groups"Our inclusion in the Dow Jones Sustainability indices for both North America and the world validates our ongoing commitment to be a sustainability leader and is the result of the hard work and dedication of our railroaders," said CN President and CEO JJ Ruest in a press release. "We will continue to take meaningful steps towards our goal to be the safest and most carbon‑efficient, operationally effective and customer‑centric railroad in North America."
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Rail News Home BNSF Railway 11/17/2021 Rail News: BNSF Railway
BNSF Railway Co. has asked the Surface Transportation Board (STB) to extend its the proposed timeline for making comments on or objections to Canadian Pacific's application to acquire Kansas City Southern.In a Nov. 12 filing with the board, BNSF says that the proposed 90-day comment period (and Jan. 27, 2022 deadline) is not enough time to address one of the central issues in the proposed acquisition, which is how competition, rate-setting and regulation will affect U.S. shippers involved in transborder movements into and out of Mexico."This issue has important implications for U.S. grain shippers in competition with counterparts in Canada, for rail shippers on other U.S. rail networks that compete for access to Mexican origin and destination markets and for communities on rail lines that will be affected by the supposed growth in transborder traffic," BNSF officials state in their filing.The CP-KCS application provides scarce information on the Mexican portion of the proposed transborder flow of freight, according to BNSF."As a result, the Board and interested parties will need to develop this information (or applicants will need to supplement or refile their application to include this information) in order to assess the benefits that applicants claim will result from these new cross-border movements, along with any potential harms to U.S. shippers of transborder freight that may result from competitive conditions in Mexico," BNSF's filing states.BNSF asks the STB to extend the comment deadline for another 60 days so that it and "other interested parties" can analyze the impact of new single-line service to Mexico.To view BNSF's filing, click here.
BNSF Railway Co. has asked the Surface Transportation Board (STB) to extend its the proposed timeline for making comments on or objections to Canadian Pacific's application to acquire Kansas City Southern.In a Nov. 12 filing with the board, BNSF says that the proposed 90-day comment period (and Jan. 27, 2022 deadline) is not enough time to address one of the central issues in the proposed acquisition, which is how competition, rate-setting and regulation will affect U.S. shippers involved in transborder movements into and out of Mexico."This issue has important implications for U.S. grain shippers in competition with counterparts in Canada, for rail shippers on other U.S. rail networks that compete for access to Mexican origin and destination markets and for communities on rail lines that will be affected by the supposed growth in transborder traffic," BNSF officials state in their filing.The CP-KCS application provides scarce information on the Mexican portion of the proposed transborder flow of freight, according to BNSF."As a result, the Board and interested parties will need to develop this information (or applicants will need to supplement or refile their application to include this information) in order to assess the benefits that applicants claim will result from these new cross-border movements, along with any potential harms to U.S. shippers of transborder freight that may result from competitive conditions in Mexico," BNSF's filing states.BNSF asks the STB to extend the comment deadline for another 60 days so that it and "other interested parties" can analyze the impact of new single-line service to Mexico.To view BNSF's filing, click here.
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Rail News Home CSX Transportation 11/16/2021 Rail News: CSX Transportation
CSX yesterday announced it’s been named to the Dow Jones Sustainability North America Index (DJSI North America) for 2021, the Class I’s 11th consecutive year on the list.CSX is the only U.S.-based railroad included in the index and the second Class I to announce its inclusion, the first being Canadian Pacific. The index represents the top 20% of North America’s 600 largest companies (as evaluated by S&P Global) that demonstrate sustainability initiatives. Dow Jones' corporate sustainability assessment evaluated the economic, environmental and social criteria for meeting index designation.CSX’s sustainability goals include reducing greenhouse gas emissions by 37.3% between 2014 and 2030, according to its website. CSX has already accomplished its goal of reducing emissions intensity by 6% to 8% in 2020, achieving 8.1% emissions intensity reduction and reaching the goal two years ahead of time."Our efforts have improved upon the emissions advantage rail provides as the most fuel-efficient mode of land-based transportation," said CSX President and CEO James Foote in a press release. "We continue taking action to further reduce emissions for the freight already moving on CSX and are committed to driving additional reductions through converting incremental volumes off the highway and onto CSX."
CSX yesterday announced it’s been named to the Dow Jones Sustainability North America Index (DJSI North America) for 2021, the Class I’s 11th consecutive year on the list.CSX is the only U.S.-based railroad included in the index and the second Class I to announce its inclusion, the first being Canadian Pacific. The index represents the top 20% of North America’s 600 largest companies (as evaluated by S&P Global) that demonstrate sustainability initiatives. Dow Jones' corporate sustainability assessment evaluated the economic, environmental and social criteria for meeting index designation.CSX’s sustainability goals include reducing greenhouse gas emissions by 37.3% between 2014 and 2030, according to its website. CSX has already accomplished its goal of reducing emissions intensity by 6% to 8% in 2020, achieving 8.1% emissions intensity reduction and reaching the goal two years ahead of time."Our efforts have improved upon the emissions advantage rail provides as the most fuel-efficient mode of land-based transportation," said CSX President and CEO James Foote in a press release. "We continue taking action to further reduce emissions for the freight already moving on CSX and are committed to driving additional reductions through converting incremental volumes off the highway and onto CSX."