NS: A multiple-record first quarter

Norfolk Southern (NS) continued its upward trend and posted record railway operating revenues, operating income, operating ratio, net income and earnings per share in first-quarter 2019.

Engineering changes at Norfolk Southern

Norfolk Southern is restructuring its Engineering Department as chief Phil Merilli retires, promoting two company veterans.

CSX: 31% EPS increase, record OR

CSX Corp. announced on April 16 that its first-quarter 2019 net earnings reached $834 million, or $1.02 per share, against $695 million ($.78 per share) year-over-year—an earnings per share increase of 31%.

Sumant joins Stucki as Global Director SAP

A. Stucki Company has named Sagar Sumant as Global Director of SAP (Systems, Applications and Products) to lead the company’s new SAP Global Center of Excellence.

RBMN promotes two to VP

Class II Reading & Northern (RBMN) has promoted two long-time employees—Dustin Berndt and Daren Geschwindt—to Vice President Motive Power and Vice President Distribution Services, respectively.

Cleaner and greener in New Orleans

The United States Environmental Protection Agency (EPA) has awarded the New Orleans Public Belt Railroad (NOPB) and the Port of New Orleans (Port NOLA) a National Clean Diesel Funding grant that will cover 40% of the cost of retrofitting one diesel-electric switcher locomotive with a Tier 4-compliant prime-mover.

REF 2019 roundup

If you missed this year’s Rail Equipment Finance Conference held in La Quinta, Calif., you may have missed the best rail equipment and finance program ever assembled in one location. Never fear, here is the “Financial Edge” annual summary of key takeaways from the speakers gracing the podium at REF 2019.

R.J. Corman secures two new clients

R.J. Corman Railroad Switching Company announced March 19 that it has begun operations for two new customers: New-Indy Containerboard, and a company described as “a market leader in the manufacturing of roofing granules [that] become part of roofing materials seen on millions of homes in the United States.”

NYAB acquires Snyder Equipment

New York Air Brake announced March 15 that it has acquired locomotive fueling, servicing and component remanufacturing company Snyder Equipment Co. Terms of the deal were not disclosed.

BNSF testing double-length grain trains

BNSF is experimenting with the process of combining two empty unit grain trains into one and sending the double-length train east out of Auburn, Wash., over Stampede Pass.

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