Breaking News

UP 2Q19: Record-low OR, despite volume, revenue declines

Union Pacific, in the midst of implementing Unified Plan 2020, its version of PSR (Precision Scheduled Railroading), posted a quarterly record-low operating ratio for this year’s second quarter, along with increases in net income, operating income and diluted earnings per share, compared to the prior-year quarter. These improvements came despite decreases in volume and revenue.

CSX “achieving record levels of efficiency”

CSX Corp. (CSX) today announced a 2Q19 earnings per share increase of 7% on net earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share, in the same period last year. In addition, CSX’s operating ratio set a company second-quarter record of 57.4%, improved from 58.6% the prior year.

UP ITR aligned with PSR

Union Pacific (UP) recently announced in a notice to customers that it is updating its current intermodal reservation system—with a projected release next month—to “improve ease of use while also improving reservation utilization through technology and better processes” as the railroad continues its transition to PSR (Precision Scheduled Railroading).

Opinion

NJT at 40: People, politics and progress

July 17, 1979 was a momentous day in the annals of U.S. transit history. The New Jersey legislature passed, and Gov. Brendan T. Byrne (1924-2018) signed, the bill that became the Transportation Act of 1979. The legislation established New Jersey Transit (NJT), and in so doing, began the process of consolidating the state’s bus service under a single statewide umbrella. That step was considered radical in its day, but it set a model for bringing public transportation into the public sector, at a time when railroads and bus companies in the private sector were working hard to get rid of it.

White Paper: How Amtrak Can Best-Serve the Nation’s Mobility Needs.

As Amtrak, the National Railroad Passenger Corporation, approaches its golden anniversary in 2021, it is quite apparent that it has squandered opportunities to mature into a stable and useful transportation entity, given the plethora of internal issues that have historically crippled Amtrak operating under the federal umbrella as a state-owned enterprise. Adding to this position is the impact from a shortage of experienced senior management.