Railway Age News

Railway Age News
Most of the Northeast’s passenger rail systems intentionally shut down late on Monday, Jan. 26, 2015, in anticipation of what was expected to be a severe winter storm. But by the following afternoon, service was being gradually restored as the storm subsided and its effects proved not as severe as was feared.
Norfolk Southern on Jan. 27, 2015 said that it will close its Roanoke office building at 110 Franklin Road SE later in the year and relocate the functions currently housed there to Atlanta, Ga., or its Norfolk, Va., headquarters. The move will affect about 500 of the 1,700 people work currently work for NS in Roanoke.
Iowa Pacific Holdings, LLC handled record carloads and passengers in 2014, and earned record revenue.
Union Pacific’s 2014 employee safety performance, a 0.98 reportable injury rate, was the best in the railroad’s history, surpassing the previous record established in 2012, and an 11% reduction from the 2013 reportable rate of 1.10, “demonstrating a solid commitment to reducing injuries and generating progress toward the company’s commitment to zero injuries,” according to Vice President Safety, Security and Environment Bob Grimaila.
Norfolk Southern posted record financial results for the fourth quarter of 2014 and for the entire year, and dropped its operating ratio to below 70%. The railroad also announced a $2.4 billion 2015 capital investment program.

Chicagoland's Metra said Friday, Jan. 23, 2015 it will postpone a plan to increase the penalty for onboard ticket purchases until mobile ticketing capability is activated unveiled later this year.

The American Short Line and Regional Railroad Association said Friday, Jan. 23, 2015 its chairman, Ed McKechnie, had announced the selection of five industry safety experts retained as assessors for a pilot project as the first step toward the longer-range goal of developing a comprehensive industry-wide safety culture assessment program that will serve as the core of the Short Line Safety Institute.

Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street analyst expectations.

The backlog of freight cars grew by about 75% in 2014, according to fourth-quarter reporting statistics compiled by the Railway Supply Institute American Railway Car Institute (ARCI) Committee. As of Dec. 31, 2014, the backlog stood at 142,837 units, compared to 81,927 units at the end of 2014’s first quarter.

Riders on New York Metropolitan Transportation Authority's (MTA) buses and subways will pay more beginning March 22, 2015, following an MTA Board of Directors decision on Thursday, Jan. 22, to increase fares.

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