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U.S. freight traffic gains ground again The winning streak continued for all U.S. rail freight traffic during the week ending April 12, 2014, measured against the comparable week in 2013, the Association of American Railroads reported Thursday, April 17.
CSX 1Q earnings slip, but beat Street CSX Corp. announced late Tuesday, April 15, 2014 first-quarter net earnings of $398 million, or 40 cents per share, down from $462 million, or 45 cents per share, in the same quarter of 2013. But that still beat Wall Street analyst consensus estimates of 38 cents per share.
Two firms eyed for big LACMTA contract Los Angeles County Metropolitan Transportation Authority (LACMTA) analysts are recommending two contractors be selected to construct the Downtown Regional Connector, improving connections among LA's subway and light rail lines.
HNTB: Baton Rouge-New Orleans passenger train would serve 1.4 million A study by HNTB Corp. for regional transit organizations and mayors in Louisiana says that a new passenger train service linking New Orleans and Baton Rouge on existing freight trackage, with intermediate stops and beginning as twice-daily trips, could ultimately grow to regular service with a station near New Orleans International Airport.
KCS: Record revenue, good earnings in 1Q Kansas City Southern reported net income in its 2014 first quarter of $94 million, or 85 cents per diluted share, slipping from $104 million, or 94 cents per diluted share, in the first quarter of 2013. But excluding the impacts of lease termination costs, foreign exchange rate fluctuations, and debt retirement costs, adjusted diluted earnings per share for first quarter 2014 was $1.05, compared with 89 cents in the first quarter of 2013, an 18% increase, KCS said.

Breaking News

freight-car-orders-backlog-soar-in-first-quarter—and-it’s-not-tank-cars
April 23, 2014
Freight car orders in 2014’s first quarter soared about 38% from fourth-quarter 2013, to 24,050 units, pushing builder backlogs up around 12% to 81,927, according to the most recent Railway Supply Institute American Railway Car Institute figures. In this year’s first...
transport-canada-toughens-cbr-safety-regs
April 23, 2014
Trains carrying 20 cars or more of crude oil or ethanol must not exceed 50 mph under a new directive issued by Transport Canada on Wednesday, April 23, 2014, and that limit may be lowered for some locations after specific...
class-i-employment-registers-modest-monthly-gain
April 23, 2014
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-March 2014 rose 0.40%, to 162,968, from the same period in February 2014, and registered only a miniscule decrease of 0.06% from the year-earlier (March...
search-under-way-for-new-aslrra-president
April 23, 2014
The American Short Line and Regional Railroad Association (ASLRRA) has selected Jason Ward, Managing Partner of Industrial Search Partners, to conduct the search for a new President. Current President Richard F. Timmons will be retiring at the end of this...
for-norfolk-southern-a-difficult-first-quarter
April 23, 2014
Coal volume and revenue that dropped 15% and 13%, respectively, in 2014’s first quarter were largely responsible for Norfolk Southern reporting lower net income and operating revenues and a slightly higher operating ratio, compared to the prior-year period. NS reported...

Blogs and More

senator-train-approaching-stand-back
April 21, 2014
Thank goodness he wasn’t injured or killed, but Senator Richard Blumenthal (D-Conn.) needs to practice what he preaches about train safety.
dear-ntsb
April 17, 2014
The National Transportation Safety Board recently released an open letter to MTA Metro-North Railroad containing its initial safety recommendations derived from the ongoing investigation into the Dec. 1, 2013 derailment of train 8808, which killed four passengers and injured 59.
data-drought-haunts-fra-crew-size-mandate
April 11, 2014
By the Federal Railroad Administration’s own congressional testimony, the years 2012 and 2013 were among the railroads’ safest on record, while the relatively few train crashes were mostly the result of human error and track defects.
sp-4449-readied-for-another-15-years-of-service
April 03, 2014
For the past four decades, former Norfolk & Western and Southern Pacific locomotive engineer Doyle McCormack has coddled the most familiar steam locomotive operating in North America.
shipper-hypocrisy-mocks-regulatory-history
March 27, 2014
A recurring and intractable thread tying together railroad history is that when the choice has been between economic liberty and government intrusion, selecting the latter has repetitively discouraged capital investment, diminished service quality, adversely affected safety, and sooner than later caused hand-wringing among those most...