The Federal Railroad Administration on June 23, 2106 released its preliminary findings on the June 3 Oregon crude oil derailment and found at fault: bolts, brakes and Union Pacific.
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
Reading and Northern Railroad has promoted three veteran employees to Vice President positions at the company.
In reporting U.S. rail traffic for the week ending June 18, 2016, the Association of American Railroads noted a large increase in grain shipments that partially offset substantial losses in coal and petroleum products.
Kansas City Southern announced June 22 that the Meridian Speedway©, LLC (MSLLC), is investing approximately $28 million in 2016 on construction and improvement projects on its Vicksburg and Meridian Subdivisions.
The first two Siemens SC-44 Charger diesel passenger locomotives have arrived in Colorado for the start of testing at TTCI’s Pueblo, Colo., facility.
Canadian Pacific on June 21, 2016 provided an earnings outlook for the year’s second-quarter “due to lower-than-anticipated volumes in bulk commodities, such as grain and potash, the unexpected and devastating wildfires in northern Alberta and a strengthening Canadian dollar.”
The Massachusetts Department of Transportation (MassDOT) Board approved a $14.8 billion five-year capital investment plan that includes a $3.8 billion state of good repair backlog reduction for transit in the commonwealth.