RailTrends brings together the industry's most notable rail industry stakeholders for an extremely timely, high-level overview of today's economic operations and directions in rail.
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Partner, Chambers, Conlon & Hartwell, LLC
President, National Railroad Construction & Maintenance Association
Chuck Baker is a partner at Chambers, Conlon & Hartwell (CC&H) where he represents clients such as the National Railroad Construction & Maintenance Association (NRC), the American Short Line & Regional Railroad Association (ASLRRA), the OneRail Coalition, the American Railway Development Association (ARDA), Canadian National Railway, and the Transbay Joint Powers Authority. For the NRC, Mr. Baker also serves as its President. In this capacity, he has responsibility for all of the association's core financial, operational, and legal programs, including the federal legislative and regulatory and program in front of both Congress and the Administration. For the OneRail Coalition, a coalition of freight rail, intercity passenger rail, commuter rail, rail labor, and rail supply industry interests, Mr. Baker coordinates the group’s activities and messaging, and its interface with Congress and the Administration. Mr. Baker is also a member of the Board of Directors of the Coalition for America’s Gateways & Trade Corridors (CAGTC). Prior to joining CC&H, Mr. Baker worked with the Surface Transportation Policy Project in Washington, D.C. Mr. Baker has also worked for Deutsche Bank Securities as an investment banker specializing in Corporate Finance and Mergers & Acquisitions in San Francisco, CA. Mr. Baker is a native of Baltimore, MD, and a graduate of Rice University in Houston, TX.
Federal Rail Administration
Nominated by President Donald J. Trump on July 10, 2017, and confirmed by the United States Senate on February 13, 2018, Ronald Batory is the fourteenth Administrator of the Federal Railroad Administration (FRA). Mr. Batory is a widely respected and highly regarded railroad industry professional with more than 45 years of experience serving in numerous operational, administrative and managerial positions. Mr. Batory began his railroad career in 1971 working as a traveling Freight Car Accounting Auditor for the Detroit, Toledo and Ironton (DT&I) Railroad. He subsequently served in a series of positions with progressively greater responsibility before joining the Grand Trunk Western Railroad (GTW) in 1981 when it acquired the DT&I. In 1987, Batory became Vice President- General Manager of the Chicago, Missouri and Western Railway, and then in 1989 went to work for the Southern Pacific Transportation Company. During his regional leadership tenure at Southern Pacific, he fostered joint labor and management efforts focused on casualty prevention, service consistency and cost containment, resulting in significantly improved operational performance. In 1994, Batory was named President of the Belt Railway Company of Chicago (BRC), the largest switching terminal in the U.S. and a vitally important linchpin in the nation’s rail hub, jointly owned at the time by nine Class 1 railroads. His success in serving the needs of multiple competing railroads at the BRC prompted CSX and Norfolk Southern Corporation to recruit him in 1998 to manage the partitioning of Consolidated Rail Corporation (Conrail) as part of a merger approved by the U.S. Surface Transportation Board. In 2004, Batory became President & Chief Operating Officer of Conrail, the eighth largest freight railroad in America, until his retirement in April 2017. Mr. Batory earned his Bachelor of Arts degree in 1971 from Adrian College in Michigan, and a Master of Arts degree in 1975 from Eastern Michigan University. Mr. Batory is a native of Detroit, Michigan and resides with his wife Barbara, in Santa Fe, New Mexico.
Principal & Managing Partner
Prior to founding Broughton Capital in April 2016, Broughton was Managing Director, Chief Market Strategist and Senior Transportation Analyst at Avondale Partners. Broughton joined Avondale Partners in January of 2008 after spending over 12 years at A.G. Edwards. At A.G. Edwards, in addition to being the Senior Transportation analyst, he was the Group Leader of the Industrial Analysts and served on the firm’s Investment Strategy Committee. Prior to going to Wall Street, Mr. Broughton spent eight years in various Distribution and Operations management roles in the beverage industry, including serving as the Corporate Manager of Distribution for Dr Pepper / Seven-Up companies and Chief Operating Officer for Bevmark Concepts. Many in the transportation industry know him for his quarterly tracking of trucking bankruptcies. He is also known for his development of a ‘Value to Density Spectrum’ study of the tangible goods flow and its economic ramifications. Broughton’s equity research has earned acclaim and is regularly quoted by the Wall Street Journal, Bloomberg, Fortune, Forbes, and numerous other national media outlets. He is a frequent guest on CNBC, Nightly Business Report, CNN, Fox, NPR, and other broadcast media. His stock-picking performance has been repeatedly recognized by The WSJ, which has ranked him in its “Best on the Street” survey for his picks in both the cargo and railroad industry groups. Forbes has highlighted his performance in its “When Picky Analysts Pick” series. He has been ranked by Zacks Investment Research and Starmine as a 5-Star Analyst (their highest ranking) based on the historical performance of his recommendations. Beginning in mid-2006 Broughton published reports warning of an impending economic slowdown and by early 2007 published reports explaining why a recession was coming. More recently, in July of 2010 and again in September 2011 his “Blue Car Report” explained why fears of a double dip were severely overblown and outlined why the market would have a significant rallies by the end of those years. He believes that the current market is struggling to digest the end of the industrial led recovery and the beginning of the consumer led recovery in this cycle.
Rodney Case, a Partner in Oliver Wyman’s Transportation Practice, specializes in transportation operations planning, infrastructure design and maintenance, strategy development, and performance management, notably for the rail freight industry. Mr. Case has led multiple projects with European and Asian freight railways, focused on helping clients adapt to the new competitive realities of open access by reducing overall costs while increasing flexibility and service levels. Oliver Wyman’s approach of moving from train-centered to shipment-centered strategies is increasing profitability in this short haul market. The transfer of industry-leading practices between European and North American railways continues to generate new value capture strategies for the industry on both sides of the Atlantic. Mr. Case has led projects on fleet optimization, maintenance, procurement and renewal for both locomotives and for wagon fleets. These projects have included the application of advanced operations research techniques and software tools that resulted in high order savings in fleet management. Supply chain projects in North America have included bulk commodity transportation, port management, feeder network development and optimization for rail and river based networks. Strategic analysis incorporating operations efficiency and business portfolio underpinned significant investment analysis. Prior to joining Oliver Wyman, Mr. Case was an executive with a large European freight railway where he led the redesign and implementation of a restructured network and operations model. In addition, Mr. Case worked for 17 years for North American Class I railways in roles including track maintenance, operations management, labor negotiations, IT, rail car procurement, process redesign. As the Director of Service Design he led the preparation of operating plans - analyzing service level impacts, system costs, train path and schedule logistics, crew and locomotive resource utilization, railcar fleet velocity impacts, rail yard and intermodal terminal workloads, port terminal schedules, connections to foreign railway services, and implementation into daily operations. Mr. Case has written numerous papers published in transportation journals, and was a co-author of the paper entitled “Perfecting the Scheduled Railroad: Model-Driven Operating Plan Development”, which won the INFORMS Franz Edelman Award for achievement in the practice of operations research and management sciences. Mr. Case received his bachelor’s degree in civil engineering from the University of Western Ontario and his master’s degree in logistics and supply chain management from Cranfield University in the UK. He speaks English and French and basic German.
President and Chief Executive Officer
James Foote, a senior executive with over 40 years of diverse railroad industry experience in operations, marketing and finance, was named Chief Executive Officer of CSX in December 2017. Prior to this role, Foote served as Executive Vice President and Chief Operating Officer from October to December 2017. As COO, Foote aligned CSX’s Operations and Sales and Marketing Departments to advance the Scheduled Railroading transformation begun by the late E. Hunter Harrison. Before joining CSX, Foote was President and Chief Executive Officer of Bright Rail Energy, an innovative technology company that develops and sells products that allow railroads to switch locomotives to natural gas power. Foote began his railroad career at the age of 18 in the Mechanical Department on the Soo Line Railroad in Wisconsin, repairing locomotives and performing a variety of operations jobs. Moving rapidly from the front lines into management positions of increasing responsibility, he joined the Chicago and North Western Railroad, where he held senior positions in finance, law, labor relations and corporate communications, eventually becoming Vice President of Corporate Development, Investor Relations and Tax. In 1995, Foote joined the Canadian National Railway (CN) and again ascended through roles of increasing responsibility, being named Executive Vice President of Sales and Marketing in 1999. He was in that position in 2003 when the CN named Mr. Harrison as CEO and began its implementation of Scheduled Railroading. Foote worked closely with Mr. Harrison throughout the CN’s transformation that turned a $2 billion company into one worth more than $24 billion. Foote pursued an aggressive marketing strategy that included the introduction of new intermodal and carload services that, in coordination with the operations team, greatly reduced transit times and resulted in major traffic growth. Foote left the CN in 2009, and in 2012 formed Bright Rail Energy. Foote holds a Bachelor of Science degree from the University of Wisconsin-Superior and a Juris Doctor degree from the John Marshall Law School in Chicago.
Chairman, President and Chief Executive Officer
Lance M. Fritz is Union Pacific chairman, president and chief executive officer. He became chairman of the board effective October 1, 2015. Fritz became president and chief executive officer February 5, 2015, when he also was elected to the corporation’s board of directors. He previously served as president and chief operating officer of Union Pacific Railroad, a position he had held since February 2014, after serving as executive vice president-Operations and vice president-Labor Relations, respectively. He began his Union Pacific career in July 2000 as vice president and general manager-Energy in the company’s Marketing and Sales department. Before joining Union Pacific, Fritz worked for Fiskars Inc., Cooper Industries and General Electric. He is a graduate of Bucknell University and earned a master’s degree in management from the Kellogg School of Management at Northwestern University. Fritz is a member of the board of directors for the Association of American Railroads. He also serves on the U.S. Chamber of Commerce board and executive committee. He is a member of the Business Roundtable, the STRATCOM Consultation Committee and the Georgia Institute of Technology President’s Advisory Board. Fritz is deeply involved with organizations in his local community. He serves on the Omaha Chamber of Commerce executive committee, the board of directors for Nebraska Medicine, Omaha Symphony and Omaha’s Henry Doorly Zoo & Aquarium. Fritz and his wife, Julie, have two children and are committed to helping women and children at risk in the Omaha community.
Executive Vice President and Chief Commercial Officer
National Railroad Passenger Corporation (Amtrak)
Stephen Gardner assumed the position of executive vice president (EVP) and chief commercial officer effective Oct. 2017. He oversees Amtrak’s Commercial organization charged with planning and developing the company’s product and service offering and defining corporate strategy, planning and communications. The department is composed of the Product, Corporate Planning, Strategy and Government Affairs and Corporate Communications groups. Stephen formerly served as EVP of Planning, Technology & Public Affairs, where he was charged with coordinating the long-term development of the company’s key assets and services. Since coming to Amtrak in 2009, Stephen has held positions responsible for getting a vision for modern high-speed rail; increasing Acela Express capacity and commuter access growth; improving Northeast Corridor infrastructure; formulating policies to carry out Amtrak's strategic plan; and guiding general development and planning activities. Prior to Amtrak, Stephen served five years as the senior Democratic professional staff for the U.S. Senate Committee on Commerce, Science and Transportation’s Subcommittee on Surface Transportation & Merchant Marine Infrastructure, Safety and Security. In this capacity, he directed all Democratic legislative and oversight activities related to the safety, security, infrastructure and operations of railroads, motor carriers, pipelines and hazardous materials transportation, including overseeing all related federal agencies. Stephen served on behalf of Commerce Committee Chairman John D. Rockefeller IV and former chairmen Daniel K. Inouye and Ernest F. Hollings. He served on the subcommittee staff in 2004 as legislative assistant for Transportation for Senator Tom Carper and Congressman Bob Clement. Early in his transportation career, Stephen held various operating and managerial positions with Guilford Rail System’s Maine Central Railroad in Maine and Massachusetts, the Buckingham Branch Railroad in Virginia and Amtrak in Washington, D.C. Stephen received his Bachelor of Arts with a concentration in Physics from Hampshire College in Amherst, Mass., and he also completed additional thesis work in political economy and transportation.
President and CEO
Association of American Railroads (AAR)
Ed Hamberger serves as President and Chief Executive Officer of the Association of American Railroads (AAR). Mr. Hamberger has over thirty years experience in public policy through his work in both the executive and legislative branches of government, as well as his career as an attorney. Prior to joining the AAR in July 1998, he was the managing partner of the Washington, DC office of Baker, Donelson, Bearman & Caldwell. He came to the firm in 1989 after having served as Assistant Secretary for Governmental Affairs at the Department of Transportation. Mr. Hamberger began his career in transportation in 1977 as General Counsel of the National Transportation Policy Study Commission. In 1985, he was appointed as a member of the Private Sector Advisory Panel on Infrastructure Financing and in 1994 served as a member of the Presidential Commission on Intermodal Transportation. Most recently, he served on the Blue Ribbon Panel of Transportation Experts, appointed by the National Surface Transportation Policy and Revenue Study Commission. Mr. Hamberger received his Juris Doctor, and both a Master of Science and a Bachelor of Science, in Foreign Service from Georgetown University.
Executive Vice President & Chief Marketing Officer
Kansas City Southern
Brian D. Hancock joined Kansas City Southern (KCS) in 2015 as executive vice president and chief marketing officer. In this capacity, he is responsible for sales, marketing, customer solutions and business development activities in the United States and Mexico. Headquartered in Kansas City, Missouri, KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V. and Panama Canal Railway Company. KCS’ North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. Prior to joining KCS, Hancock was vice president global supply chain for Whirlpool Corporation. Earlier in his career he served as vice president and general manager at Schneider National, a privately held transportation and logistics leader. More recently, he served as president – North America for The Martin – Brower Company, L.L.C., as well as senior vice president of supply chain for Family Dollar Stores, Inc. Hancock is currently a member of the board of directors for the Council of Supply Chain Management Professionals and the Marriott School Supply Chain advisory board at Brigham Young University. He holds a master’s degree in business from Virginia Commonwealth University and a bachelor’s degree from Brigham Young University. He is fluent in English and Portuguese.
Senior Transportation Analyst
Anthony Hatch is a Senior Transportation Analyst with over twenty-five year's experience covering what he has named the "Railroad Renaissance". He founded ABH consulting, which focuses on the freight transportation segment, particularly surface and intermodal transportation, in 1999 after 15 years Wall Street experience. He previously worked at Salomon Brothers, Argus, PaineWebber and Natwest Markets (USA). He provides traditional institutional transport research, and due diligence and other services to new forms of transport investment such as private equity, infrastructure, and hedge funds in such areas as intermodal, rail maintenance and construction, railcars, and 3PLS. Along with Progressive Railroading Magazine he co-sponsors and leads "RailTrends," the most comprehensive railways conference every fall in NYC. Mr. Hatch has worked for major railroads such as Norfolk Southern, CSX, Union Pacific, BNSF, Kansas City Southern, Canadian National, as well as global railroad associations and freight shipper/supplier organizations. He is currently a non-executive director with Axion International. Mr. Hatch is a past president of the Motor Carrier Analysts Association.
Vice President and Chief Commercial Officer
Anacostia Rail Holdings Company
Eric Jakubowski joined Anacostia Rail Holdings Company in March 2012. Prior to this position, he was director of network strategy - US, for Canadian National Railway. He previously held marketing and operating positions for more than 25 years with both CN and Conrail. Eric served on the STB’s Rail Shipper Transportation Advisory Committee as well as Northwestern University’s Transportation Center Business Advisory Committee. Harvard University (BA); Northwestern University (MBA); (MA)
Sr. Vice President
AllTranstek / FTR
Richard (Dick) specializes in rail transportation equipment markets. He has an extensive background in marketing, business development, asset management, operations and sales in the rail industry; spending more than 15 years with a major rail equipment leasing company, and 10 years with several railroads, managing functions responsible for domestic and global research and market intelligence, fleet/competitor analysis, market forecasting, new market development, strategic planning and operations.
Executive Vice President & Chief Commercial Officer
Watco Companies, LLC
Stefan Loeb serves as Executive Vice President & Chief Commercial Officer for Watco Companies, L.L.C. of Pittsburg, KS. His responsibilities include leading the marketing and sales, strategic growth, and the commercial aspects of acquisition opportunities for the Watco family of companies. Prior to this role, Stefan served in multiple commercial roles at Watco including Chief Marketing Officer, Executive Vice President - Network Strategy, Senior Vice President – Marketing & Sales and Vice President of Business Development. Before joining Watco in 2010, Stefan spent nine years at Bank of America and its predecessor LaSalle Bank, mostly in the Surface Transportation Division providing capital and banking services to shortline railroads and rail supply companies. Stefan holds a B.S. in Business, Finance from the Kelley School of Business at Indiana University – Bloomington and resides in Downers Grove, IL.
Chief Commercial Officer for North America
Genesee & Wyoming Inc.
Michael O. Miller joined G&W as Chief Commercial Officer for North America in September 2010. He was most recently General Manager of Norfolk Southern's Modalgistics Supply Chain Solutions, where he improved customers' supply chain efficiencies through rail, transload and intermodal service, and was previously Vice President of Strategic Development for Derivion Corp. Prior to that, he held logistics-related positions with Georgia-Pacific and Roadway Express. Mr. Miller holds a bachelor's degree in industrial engineering and a master's in business management from North Carolina State University.
Railway Supply Institute
Mike O’Malley has served as President of the Railway Supply Institute(RSI)since February 2018. RSI is a trade association representing more than 250 companies involved in the manufacture and delivery of products and services in the freight car,locomotive, maintenance of way, communications and signaling, and passenger rail industries. RSI connects members to their customers, supports them in the global marketplace, and advocates on behalf of the industry in the legislative and regulatory processes. America’s railway suppliers represent a $28 billion/year industry supporting more than 100,000 American workers. O’Malley’s career also includes prior experience in the railroad industry, federal and state government, and international trade organizations. He joined CSX at its Jacksonville, Florida headquarters in 2007 as vice president, state government and community affairs before being named vice president, procurement and supply chain management in 2013. From 2002. 2007, O’Malley served with the U.S. Department of Transportation (DOT) in Washington, D.C. as counselor to the undersecretary for policy, deputy assistant secretary for transportation policy, and most recently as chief of staff with the Federal Aviation Administration. Before his tenure with DOT, O’Malley was a government relations advisor with Shaw Pittman LLC. Prior to that, he worked for International Trade Services Corp., the Canadian Consulate General in Chicago, and on the staff of Illinois Governor Jim Edgar. His education includes a Master of Business Administration from Northwestern University’s Kellogg School of Management, a Master of Science in European Studies from the London School of Economics, and a Bachelor of Science in Finance from the University of Illinois at Urbana-Champaign.
President and Chief Executive Officer
Jean-Jacques Ruest was appointed President and Chief Executive Officer in July 2018, after having served as Interim President and CEO since March 2018. He was previously Executive Vice-President and Chief Marketing Officer since January 2010, with responsibility for providing the strategic direction and leadership for CN's Sales, Marketing and CN Supply Chain Solutions groups. Mr. Ruest joined CN in 1996 as Vice-President, Petroleum and Chemicals. He was appointed Vice-President, Industrial Products in 2003, Vice-President, Marketing in 2004, and Senior Vice-President, Marketing in June 2006. Prior to this, Mr. Ruest worked for 16 years at a major international chemical company. Mr. Ruest holds a Masters in Business Administration in Marketing from HEC Montréal (Université de Montréal) and a Bachelor of Science degree in applied chemistry from Université de Sherbrooke. He also completed the executive program of the University of Michigan Business School, and CN's Railroad MBA program. Mr. Ruest holds a Masters in Business Administration in Marketing from HEC Montréal (Université de Montréal) and a Bachelor of Science degree in applied chemistry from Université de Sherbrooke. He also completed the executive program of the University of Michigan Business School, and CN's Railroad MBA program.
Executive Vice President and Chief Marketing Officer
Norfolk Southern Corporation
Alan Shaw is Executive Vice President and Chief Marketing Officer of Norfolk Southern Corporation. He has been with Norfolk Southern for 24 years and has held various positions within the company. Alan served as Vice President-Intermodal Operations (2013-2015), Group Vice President-Chemicals (2009-2013), Group Vice President-Coal Transportation Services (2008-2009), Director-Coal Transportation Services (2002-2008), and has held various staff positions in the Coal and Finance departments (1994-2002). In Alan’s current position, he has overall responsibility for Norfolk Southern’s marketing and sales, industrial development, short line, and real estate activities across the NS network, including international business activity. Mr. Shaw is a graduate of Virginia Tech where he earned a B.S. in Aerospace Engineering (1989) and a MBA in Finance (1992). He also graduated from the General Management Program at Harvard Business School (2012) and earned the designation of Chartered Financial Analyst (1997) from the Association for Investment and Management Research. Mr. Shaw currently serves on the Board of Directors of TTX Company and the National Association of Manufacturers. He is a member of the Board of Trustees of Virginia Wesleyan University in Virginia Beach, VA, and a member of the IEA Coal Industry Advisory Board based in Paris, France. Alan and his wife, Tiffany, live in Virginia Beach with their four children.
Executive Vice-President and Chief Financial Officer
Nadeem Velani joined CP in March 2013 and served as Vice-President Investor Relations before becoming CFO in September 2016. Prior to CP, Nadeem spent 15 years at Canadian National Railway Co. where he worked in a variety of positions in Strategic and Financial Planning, Investor Relations, Sales and Marketing and the Office of the President and CEO. As CP's Executive Vice-President and CFO, Nadeem is a key member of the senior management team responsible for helping plan the long-term strategic direction of the company. Other responsibilities include financial planning, investor relations, reporting and accounting systems as well as pension, treasury and tax. Nadeem holds an undergraduate degree in Economics from Western University and an MBA in Finance/International Business from McGill.
President and CEO
Association of American Railroads (AAR)
Hamberger, who's served as AAR's CEO since 1998, has helped the freight-rail industry navigate periods of economic change and regulatory uncertainty. Notably, he's consistently (and nimbly) advocated for a balanced regulatory environment, one that has enabled railroads to post continued record private investment in infrastructure. Hamberger also fostered innovation on the government relations front, leading the way as the industry entered the public-private partnership realm. And he continues to strive to clear a path to help railroads to develop and deploy new safety technologies. Join us as we celebrate Ed's career before he retires early next year.
Since 2004, RailTrends® has maintained its ranking as the most elite event in the railway industry. Each year this leading conference brings together the industry's most notable Class I professionals for an extremely timely, high-level overview of today's economic operations and directions in rail.
The only event in a class of its own — if you attend any event this year, make sure it's this one. Attending RailTrends® provides you with compelling insight, unparalleled networking opportunities and the chance to partake in valuable dialogue concerning the most up-to-the-minute industry news and financial highlights. Join us this November, and you'll see why RailTrends® is a meeting of necessity.
RailTrends® is co-founded by Tony Hatch, President, ABH Consulting, and Progressive Railroading magazine.
Those sitting next to you are just as impressive as the ones on the podium. Check out who was in the room last year:
President & Chief Executive Officer
Alaska Railroad Corporation
Anacostia Rail Holdings Company
Director of Capacity Planning
AVP, Strategy & Innovation
AVP Financial Planning
Capital Projects Manager
ExxonMobil Chemical Company
EVP, Global Corp Development
Genesee & Wyoming Inc.
Sr. Director Rail Logistics
Executive Vice President and Chief Operating Officer
Manager Intermodal Rail Development Port Rail Program
The Port Authority of New York and New Jersey
Sr Commodity Analyst
Tyson Foods, Inc.
Director & Sr Equity Analyst
...And that's just a sample of attendees from 2017!
RailTrends® will take place at the New York Marriott Marquis Hotel
The New York Marriott Marquis is in the heart of New York, located in the theater district with convenient access to theater, dining, shopping, popular landmarks and the all-important TXTS booth! The New York Marriott Marquis offers guests large rooms, a state of the art fitness center, a grand atrium, and a revolving rooftop restaurant with stellar views of the city. The entire RailTrends program will be located at the Marriott Marquis property.Book A Room
NOTE: RailTrends has negotiated a group rate for conference participants of $399/night. The deadline for the group rate is Friday, November 9.
Join us for this incredible opportunity to brand your company at one of the most high-level conferences in the rail industry. As a RailTrends® 2018 sponsor, your company gets valuable exposure to a variety of industry leaders including railroaders, analysts, equipment lessors, financial institutions, shippers, suppliers, and others with an interest and stake in the growth of the railway industry.
For sponsorship information, please contact: