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Post-election: Railroads look OK; rail labor, Amtrak not so good
What does Senate Republican control and the largest House Republican majority since the 1940s mean for railroad reregulation, Amtrak’s future, high- and higher-speed rail, transit funding, Positive Train Control (PTC),…
FHWA approves CSX Virginia Avenue Tunnel project alternative
The Federal Highway Administration has approved a preferred construction alternative for CSX’s Virginia Avenue Tunnel project, enabling CSX to complete the tunnel’s design and initiate the construction permitting process.
Jim Squires: “Look to—if not over—the horizon”
Keynote remarks by Norfolk Southern President James A. Squires, at Railway Age’s 21st Passenger Trains on Freight Railroads Conference.
BNSF: We’re ready for winter
BNSF says it will go into the 2014-2015 winter season “better prepared than ever before, especially if the U.S. experiences a return of the polar vortex. The 2013-2014 winter was…
Intermodal leads U.S. freight rail traffic gains
With intermodal leading the way, U.S. rail freight traffic during the week ending Oct. 25, 2014 maintained growth momentum, the Association of American Railroads reported Thursday, Oct. 30.
Amtrak panel to address Chicago gridlock
Amtrak has established the Chicago Gateway Initiative, described as “a blue ribbon panel of rail and transportation leaders that will identify infrastructure and operational improvements to address the rail traffic…
STB reacts to coal-shipper beef with BNSF
The Western Coal Traffic League (WCTL) has petitioned the Surface Transportation Board to "require BNSF Railway Company (BNSF) to submit to the Board a coal-specific service recovery plan, and for…
CP Holiday Train ready to roll
Canadian Pacific’s Holiday Train program is returning to the rails for a 16th year to raise money, provide food, and promote awareness for food banks and hunger issues across Canada…
U.S. rail traffic keeps on keeping on
Freight rail traffic continued to increase for North America's three largest economies in the week ending Oct. 18, 2014, led by strong U.S. rail gains, the Association of American Railroads…
UP 3Q profit rises
Union Pacific said Thursday, Oct. 23, 2014 its third-quarter earnings rose 19% measured against the comparable quarter in 2013, to $1.37 billion, or $1.53 per share, from $1.15 billion, or…
Class I employment up in September
Figures released by the Surface Transportation Board on Thursday, Oct. 23, 2014, show total Class I railroad employment as of mid-September 2014 rose 3.35% to 168,703, from mid-September 2013, and…
Class I CEOs diverge on the merits of mergers
During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably…
NS notches numerous 3Q records
Norfolk Southern early Wednesday, Oct. 22, 2014, reported net income of $559 million in the third quarter, up 16% from $482 million in the third quarter of 2013 and a…
CN reports record 3Q 2014 results
CN has reported record financial and operating results for the third quarter and nine-month period ended Sept. 30, 2014.
CSX awards Savage locomotive mobile fueling services contract
CSX has entered into an agreement with Savage for mobile locomotive fueling services at 30 sites across the CSX network in the eastern U.S.
Record 3Q for CP
Canadian Pacific Railway on Tuesday, Oct. 21, 2014, announced record third-quarter net income of C$400 million (US$356.4 million), or C$2.31 (US$2.06) per diluted share, up from C$324 million or C$1.84…
CP + CSX: “No further talks are planned”
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
FEIS, ROD issued for CREATE 75th St. CIP
The Federal Highway Administration (FHWA) has issued a combined Final Environmental Impact Statement (EIS) and Record of Decision (ROD) for the Chicago Region Environmental and Transportation Efficiency (CREATE) Program 75th…
KCS reports record 3Q revenue
Kansas City Southern on Friday, Oct. 17, 2014 reported third-quarter 2014 revenue of $678 million, up 9% from the third quarter of 2013. Carload volumes for the quarter were up…
Gains keep coming for U.S. freight rail traffic
U.S. freight rail traffic kept advancing in the latest week ending Oct. 11, 2014, the Association of American Railroads (AAR) reported Thursday, Oct 16, suggesting continued U.S economic strength may…
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