Despite some network issues, Kansas City Southern saw record revenues in the third quarter that were 6% higher at $699 million from a year ago.
The math for North America railroads is simple: A surging economy plus Precision Scheduled Railroading equals record profits.
Federal Railroad Administrator Ron Batory on Oct. 17 completed a second series of meetings with senior leadership of Positive Train Control (PTC) system suppliers that are directly associated with the eight railroads FRA has identified as “most at risk of not meeting statutory requirements by the end of the year.”
The Association of American Railroads announced the 2018 recipients of the Holden-Proefrock Award and the 2017 Non-Accident Release (NAR) Grand Slam Awards.
Nearly one year after his death at 73, the legendary Hunter Harrison’s quest to improve CSX’s performance through Precision Scheduled Railroading (PSR) appears to be in full swing. CSX’s 3Q18 net earnings of $894 million, or $1.05 per share, vs. $459 million, or $0.51 per share in the same period last year, is a 106% increase. CSX’s operating ratio set a company third-quarter record of 58.7%, compared with 68.4% in the prior year—a 970 basis point improvement.
Commodity and intermodal rail traffic continued to finished in positive territory for the latest week, but at a much slower pace than earlier in the year.
The Class 1 carriers continue to make repairs and clean up lines a week after Hurricane Michael whipsawed the South with destructive winds and torrential rain.
A recent test is demonstrating how railroads can show yarded trains who’s “the boss” when it comes to the status of air brakes.
Amid economic and political pushback, the Trump Administration has quietly put plans to revitalize the coal industry on the back burner, according to a published report.
AllTranstek L.L.C. has added Tax & Audit Services to its fleet management offerings, and has named industry veteran John Hoyt as Manager of the newly created service. The company said in created the new service “to respond to the growing demand for assistance in the highly specialized areas of monitoring tax code changes, ad valorem tax compliance and assessment reviews.”