Author: Paul Conley

Newsom squashes California HSR full build-out

California Gov. Gavin Newsom, citing budget pressures, says the state will not move forward with plans to connect Los Angeles and San Francisco by high-speed rail. Rather, Newsom said the state will build only the 119-mile Central Valley segment of the line, linking Merced and Bakersfield. Newsom’s remarks, made during his first State of the State address Feb. 12, were not widely expected.

VHB lands BQX environmental contract

A proposal to build the Brooklyn Queens Connector, a streetcar line linking the New York City boroughs of Brooklyn and Queens, took a step toward reality Feb. 6 as the city’s Economic Development Corporation approved a key contract.

For MTA, Amtrak, an East Bronx tale

The New York Metropolitan Transportation Authority will build four new stations in the East Bronx for Metro-North commuter rail service on the Northeast Corridor, after Governor Andrew Cuomo brokered a deal between the agency and Amtrak. But the deal hinges on a plan to postpone a bridge replacement that was called “beyond a state-of-good-repair” nearly a decade ago.

CSX 2018: A record OR

CSX Corp. on Jan. 16 announced 4Q2018 net earnings of $843 million, or $1.01 per share, vs. $4.14 billion, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same period last year. That’s about $.02 per a share better than what analysts expected. Of particular note is that the railroad’s full-year 2018 operating ratio dropped to 60.3%, a U.S. Class I record.