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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

April 24, 2014
General Electric, having given up on its efforts to acquire Ansaldo STS from Italian conglomerate Finmeccanica, is reportedly in negotiations with Alstom over a $13 billion takeover of the French company, and is said to have the support of Alstom’s...
April 24, 2014
Combined North American rail volume for the first 16 weeks of 2014 on 13 reporting U.S., Canadian, and Mexican railroads totaled 5,898,862 carloads, flat compared with the same point last year, and 4,984,696 intermodal trailers and containers, up 4.5% compared...
April 24, 2014
CSX's Safety Train: Energy Preparedness Program, with rolling classrooms and specialized hands-on training, will soon take to the rails on an expanded first responder training initiative. The train will travel over much of the railroad’s crude oil service territory over...
April 24, 2014
Exhibit sales are now open for the USA Pavilion at the Business on Rails (NT Expo) trade show in São Paulo, Brazil, co-hosted by Railway Engineering-Maintenance Suppliers Association (REMSA) and The Railway Supply Institute (RSI). NT Expo 2014 will be held...
April 24, 2014
Basin Transload LLC, a 60%-owned subsidiary of logistics and marketing company Global Partners LP that transloads crude oil to BNSF, has executed a pipeline connection agreement with Tesoro High Plains Pipeline Company LLC, a subsidiary of Tesoro Logistics LP. Tesoro Logistics...

Blogs and More

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.
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.
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.
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.
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...