When it comes to the news of Jan. 16, 2020 of Amtrak approaching the State of Tennessee to gin-up interest in its latest pitch for the highly questionable PRIIA legislation, it is best to remember what long-ago Supreme Court Associate Justice Louis D. Brandeis once said: “Sunlight is the best disinfectant.” As this action looks like a maneuver to manipulate Congress to allow Amtrak to disassemble long-distance trains and reallocate their equipment, I intend to ensure sufficient sunlight is evident here when Amtrak touts its newly discovered Nashville-Atlanta route.
Union Pacific (UP) today reported 4Q19 net income of $1.4 billion, or $2.02 per diluted share. This compares to $1.6 billion, or $2.12 per diluted share, in the 4Q18.
The Association of American Railroads and GoRail have presented House of Representatives Majority Whip Rep. James E. Clyburn (D-S.C.) the Railroad Achievement Award “for his longstanding leadership on surface transportation issues, including matters that directly and indirectly affect both freight and passenger railroads in South Carolina and across the nation.” AAR President and CEO Ian Jefferies presented Rep. Clyburn with the award at the North Charleston Intermodal Transportation Center.
Canadian grain groups are taking a fresh look at pressing government officials to enact legislation that would address how the country can continue shipping grain and grain products in the event of a strike or other work stoppage, FreightWaves reports.
It’s the same stuff, different year for U.S. rail traffic. Although our neighbors to the south are singing a different tune.
2019 will be remembered as the year of Precision Scheduled Railroading (PSR) and for the great traffic drought in North American railroading. PSR has indeed helped deliver the eye-popping levels of operating ratios (OR) that rail executives could once only dream about, and many of the Class I’s set record ORs throughout the year.
One thing we have learned from Trump City and New York’s Hudson Yards project: There is gold buried in old rail yards. Once combined with advanced technology like AI (artificial intelligence) and automation, you could be seeing the next great infrastructure boom in America. The amazing thing is that “Railways 1.0” has quietly had a huge impact—but a much bigger one is coming.
Railway Age is now accepting entries for its annual Short Line and Regional Railroads of the Year competition. Class II and III railroads are invited to submit entries describing outstanding achievement in one or a combination of areas.
RAILWAY AGE, JANUARY 2020 ISSUE: The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain.
Implementation of its own version of PSR (Precision Scheduled Railroading) helped Kansas City Southern post solid financials for fourth-quarter and full-year 2019.