There is a great deal of confidence in the North American railway freight business model. This is because rail freight profitability is huge compared to the low returns in trucking. Rail enjoys margins close to 40% of gross revenues to operating income. While trucking unquestionably commands the largest modal freight business share, its operating profitability lags well behind railroading at a range of 8% to 12%.
The Federal Railroad Administration Fourth Quarter 2019 PTC Progress Report on railroads’ self-reported progress toward fully implementing Positive Train Control (PTC) by the Dec. 31, 2020 statutory deadline shows that, of the 42 railroads required to implement PTC, most are operating their systems in revenue service, or in advanced field testing known as revenue service demonstration (RSD).
OmniTRAX, Inc., an affiliate of The Broe Group and its subsidiary Stockton Terminal and Eastern Railroad (STE) in Stockton, Calif., completed the preservation of a historic locomotive, STE 678, which is currently travelling to its new home at the Reading Railroad Heritage Museum in Hamburg, Penn.
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended Feb. 22, 2020, and, for this week, total U.S. weekly rail traffic was 482,690 carloads and intermodal units, down 7.6% compared with the same week last year.
As Canadian First Nations protesters disrupted the flow of freight and passengers across Canada, global mining giant Teck Resources jettisoned a C$20 billion project to squeeze more low-grade crude oil from the vast tar sands of northern Alberta.
The Andersons Rail Group has named Vanessa Knapton as Director of Repair Sales. Knapton has more than 25 years of experience in the rail industry in operations, sales and logistics.
The U.S. rail system is one of the safest in the world, but to achieve the vision of a system with zero incidents, the entire rail industry must work collaboratively to reduce risk.
Delmarva Central Railroad Company (DCR) delivered the first railcar of liquid lysine for ADM to the newly opened Seaford Transload Terminal in late December 2019.
Reading & Northern Railroad (R&N) has finalized an agreement to bring back passenger trains to Tamaqua’s 146-year-old train station, including the building of a new passenger platform.
Operation Lifesaver Canada unveiled its new rail-safety presentation designed specifically for children in kindergarten through Grade 2—Train and the Whateveritwas.