Management

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CN operating ratio: 54.5% In the midst of what CN President and CEO Luc Jobin called “a very challenging volume environment” that saw second-quarter declines in revenues and operating income, the railroad posted an operating ratio of 54.5%—a second-quarter record and an improvement of 1.9 points over the prior-year quarter.

reading-northern-railroad-celebrates-takeover-of-rail-service-to-humboldt-industrial-park
To celebrate its acquisition, Reading & Northern Railroad (R&N) welcomed over sixty guests on a passenger train trip through the Humboldt Industrial Park on Tuesday, July 26, 2016. Reading & Northern acquired the rights to provide rail service to Humboldt from...
for-ns-a-record-low-operating-ratio
Like most of its peers, Norfolk Southern’s second-quarter 2016 volume, revenues and income were down compared to the same period last year, but the railroad managed lower its operating ratio to below 70% and expects to sustain that for the...
mta-nyct-chooses-canarsie-tunnel-full-closure-option
Metropolitan Transportation Authority (MTA) New York City Transit (NYCT) is opting for a full 18-month shutdown of the Canarsie Tunnel, versus a three-year partial shutdown, to rebuild the tunnel, which flooded during Superstorm Sandy. Closing the Canarsie Tunnel, which carries the...
for-up-a-challenging-second-quarter
Revenue declines in six traffic groups were a key contributing factor in Union Pacific’s second-quarter financials, for which the railroad reported diluted earnings per share of $1.17, a 15% decline from the prior-year quarter; operating income of $1.66 billion, down...
usdot-constructs-build-america-bureau
The U.S. Department of Transportation (USDOT) announced the establishment of the Build America Bureau, "which will drive transportation infrastructure development projects in the United States by streamlining credit and grant opportunities while providing technical assistance and encouraging innovative best practices...

for-up-a-challenging-second-quarter
Revenue declines in six traffic groups were a key contributing factor in Union Pacific’s second-quarter financials, for which the railroad reported diluted earnings per share of $1.17, a 15% decline from the prior-year quarter; operating income of $1.66 billion, down...
usdot-constructs-build-america-bureau
The U.S. Department of Transportation (USDOT) announced the establishment of the Build America Bureau, "which will drive transportation infrastructure development projects in the United States by streamlining credit and grant opportunities while providing technical assistance and encouraging innovative best practices...
aar-total-weekly-rail-traffic-down-56
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending Jul. 16, 2016: Total U.S. weekly rail traffic was 520,222 carloads and intermodal units, down 5.6% compared with the same week last year. Total carloads for the...
first-transit-signs-its-first-rail-contract-in-north-america-with-dcta
First Transit announced on July 20th that it signed its first rail contract in North America to provide operations and maintenance services for the Denton County Transportation Authority’s (DCTA) A-train commuter rail line in Texas. First Transit is a division...
for-cp-a-tough-second-quarter
The second quarter of 2016 was not kind to Canadian Pacific, though in line with CP’s quarterly outlook, released in June. Based on declines in revenues, operating income and net income, CP’s second-quarter diluted earnings per share (EPS) were $2.15, or...