RailTrends 2008 September 30 - October 1 | New York
7:30-8:00
Registration and Breakfast
8:00-8:15
Welcome
Presenter(s): Steve Bolte, Publisher, Progressive Railroading Magazine
Presenter(s): Tony Hatch, Senior Transportation Analyst ,
8:15-8:45
The Buy and Sell Side of Rail Investing
Presenter(s): Jeffrey S. Tabak, Co-Chief Executive Officer, Miller Tabak + Co., LLC
Presenter(s): Erin M. O'Reilly, Executive Vice President , Strategic Stock Surveillance, LLC
How has the shareholder demographics of the rail sector evolved over the previous five years? What impact(s) do ETFs, SWAPs, and the derivatives market have, if any, on one’s trading activity, short interest, and activists’ capability to establish stealth stakes through these venues? Leading market intelligence and trading professionals analyze and discuss how these trends affect one’s business.
8:45-9:45
Emerging Trends from Wall Street
Presenter(s): Tony Hatch, Senior Transportation Analyst ,
Presenter(s): Rick Paterson, Analyst , UBS
Presenter(s): Tom Wadewitz, Analyst , J.P. Morgan
Leading transportation analysts discuss the rail industry's outlook as it relates to both public and private investors. Learn what Wall Street looks for in a rail portfolio.
9:45-10:15
Morning Networking Break
10:15-10:45
Morning Keynote
Presenter(s): John Giles, President and CEO, RailAmerica
Hear from the CEO and President of the leading short line and regional rail service provider about how short lines and Class I cooperate and collaborate.
10:45-11:30
Coal's Role in the Rails
Presenter(s): Jason Hayes, Communication Director, The American Coal Council
Coal makes up a significant portion of the total tonnage transported by North American railroads. As we look forward, we see a continuing mix of policy, economic, and environmental issues impacting coal demand and supply. Learn how policies which ignore coal's improving environmental record, substantial cost benefits, and ability to provide domestic energy security will have significant negative impacts on rail carriers and the public.
11:30-1:00
Catered Networking Lunch
1:00-1:30
Afternoon Keynote
Presenter(s): John Kaiser , Vice President of Intermodal, Union Pacific Railroad
Hear from the General Manager of Union Pacific’s intermodal business unit, representing approximately $3.0 billion in annual revenue.
1:30-2:00
The View from Washington- Part 1
Presenter(s): U.S. Rep. Corrine Brown, D-Fla., Chairperson, Subcommittee on Railroads
Members of the Transportation and Infrastructure Committee’s Subcommittee on Railroads will give an update on upcoming regulation for the railroad industry.
2:00-3:00
The Evolving Rules of the Grain Transportation Game
Presenter(s): Kevin Kaufman, Group VP, Agricultural Products, BNSF Railway Co.
Presenter(s): Jean-Jacques Ruest, Senior Vice President, Marketing, CN
Grain is engrained in the North American economic fabric; accordingly, so is grain transportation. Two Class I rail execs discuss the current transition from a supply-push to a demand-pull commodities environment, the resulting impact on ag transportation and logistics planning, and the segment’s growth potential. They’ll also talk about ethanol’s impact to date and what it’s likely to be going forward, and the extent to which the regulatory landscape (particularly in Canada) could change the rules of the grain transportation game (and at least one railroad’s continued investment in it).
3:00-3:15
Afternoon Networking Break
3:15-3:45
Fleet Projections
Presenter(s): Toby Kolstad, Principal, Rail Theory Forecasts
What factors are affecting the rail car market? What will these factors look like next year? Are we near an inflection point in the rail car cycle? A review of the supply and demand situation for each of the major car fleets will reveal a range of conditions and a mix of forecasts for next year.
3:45-4:15
Panama Canal Update
Presenter(s): Rodolfo Sabonge , Vice President, Market Research and Analysis , Panama Canal
The Panama Canal Authority has embarked in a $5.25 billion expansion project that will increase the waterway’s capacity and allow for the transit of wider and larger ships. In this presentation, VP of Market Research and Analysis, Rodolfo Sabonge, will present the Case Study on the Panama Canal Expansion, including details on the impact of this mega project, its projected trade flows, and Panama’s growing importance as the transportation and logistics hub of the Americas.
4:15-5:00
A Public-Private Matter: PPPs in the USA
Presenter(s): Mark Hinsdale, AVP Integrated Planning , CSX Transportation
Presenter(s): Jim Hixon, Executive Vice President Law and Corporate Relations , Norfolk Southern Corp.
In recent years, railroads have begun to sing the praises of public-private partnerships as a way to bridge the network capacity funding gap. Among the more prominent PPPs: the $1.5 billion Chicago Region Environmental and Transportation Efficiency (CREATE) Program. But with PPPs, you’re mingling funding from private companies, which are accustomed to making decisions that maximize their return, with funds from the public sector, and public officials make decisions based on constituents’ wishes. Finding the right funding balance is key to keeping the partners focused on the project’s short- and (often) long-term goals. Equally important is keeping the partners pulling in the same direction. On this panel, key PPP players provide updates on their respective projects. They’ll also discuss the hurdles they’ve cleared -- and the lessons learned -- along the way.
5:00-5:30
The View from Washington- Part 2
Presenter(s): U.S. Rep. John Mica, R-Fla. , Republican Leader , House Transportation and Infrastructure Committee
5:30-6:30
Cocktail Reception
8:00-9:15
Executive Roundtable
Presenter(s): Cliff Mackay, President and CEO , Railway Association of Canada
Presenter(s): Ed Hamberger, President and CEO , Association of American Railroads (AAR)
Presenter(s): Tom Simpson, Executive Director , Railway Supply Institute (RSI)
Presenter(s): Bruce Carlton, President and CEO, The National Industrial Transportation League (NITL)
Executives of leading North American railroad organizations offer their views on a variety of critical industry issues. From current legislation to the impact of technology to the current capacity climate, this panel will discuss the components necessary for railroading to survive – and thrive – well into the future.
9:15-9:45
Keynote
Presenter(s): Brian Bowers, Senior Vice President, Intermodal & Automotive, Kansas City Southern
Is there a market for cross-border (as in U.S.-Mexico) truck-to-rail conversions? If so, why hasn’t it been tapped? What barriers remain to tapping that market, and what’ll it take to overcome them? Bowers, who joined KCS in March after spending 10 years with trucking firm Schneider National Inc., offers his uniquely nuanced insights on the bigger NAFTA picture.
9:45-10:00
Networking Break
10:00-10:45
Fueling a Rethink: Rail Customers Reconsider Rail Transportation in a Brave New Energy World
Presenter(s): Paul Newbourne, Vice President and General Manager , Leveraged Execution Providers (LXP)
Presenter(s): Leslie Moll, Manager, Logistics and External Processing, ArcelorMittal USA
Presenter(s): Steven Fox, Moderator , Principal , Norbridge Inc.
Skyrocketing fuel prices continue to make rail an even more cost-competitive transportation option, and it’s driving more and more shippers to reconsider their modal choices. Hear these prominent rail-shipper voices discuss the variables that factor into today’s price/service equation. They’ll also identify the barriers that currently prevent them from moving even more by rail — and how, perhaps, some of those barriers might be removed.
10:45-11:30
The Impact of the Credit Crisis on the Rail Industry
Presenter(s): James Hamilton, Managing Director , J.P. Morgan Chase and Company
Presenter(s): Adam Inselbuch, Investment Banker, Credit Suisse Securities (USA), LLC
Presenter(s): Lee Clair, Moderator, Partner, Norbridge Inc.
How will the current credit crisis impact the rail industry? Investment banking panelists will share their view of the changing credit environment and what implications it will have on Class Is, short lines, and large and small suppliers.
11:30-0:15
Rail Equipment Financing Panel
Presenter(s): Dan Penovich,, Vice President and Executive Director, North America Sales, GATX Rail Corporation
Presenter(s): Joe McKenney, Executive Vice President, Strategy, Helm Financial Corporation
Presenter(s): Alan Crecelius, Director of Locomotive Sales, Electro-Motive Diesel, Inc.
Presenter(s): Bill Harsh , Partner, Corporate Finance, Oliver Wyman
Presenter(s): Jim Husband, President , Rail Solutions, Moderator
This panel will provide an overview of the size of the rail equipment financing market, the various opportunities available to lenders and equity investors, recent market activity and new developments that will influence future activity.
*Agenda is subject to change
