Editor’s Note: The following story was posted on the Community area of the Union Pacific website. It is shared here in its entirety, with permission. We think it presents a useful example of what the rail industry is doing as an essential service in the national supply chain, in the midst of the COVID-19 pandemic. — William C. Vantuono
Editor’s Note: The following story was posted on the BizNS area of the Norfolk Southern website. It is shared here in its entirety, with permission. We think it presents a useful example of what the rail industry is doing to protect the employees who keep the trains moving from the COVID-19 pandemic. — William C. Vantuono
Even dedicated environmentalists have trouble “doing the right thing” when it comes to traveling by today’s railways. In December 2019, activist Greta Thunberg was headed from Lisbon to Madrid to speak at a United Nations conference dealing with climate change, when she ruled out a flight due to its impact and instead opted to journey by rail. But the lack of fully electrified rails between Vilar Formoso, Portugal and Salamanca, Spain still required a heavily polluting diesel locomotive for more than an hour of her journey.
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended March 28, 2020, as well as volumes for March 2020, and noted that COVID-19 has certainly taken its toll on the industry.
OmniTRAX, an affiliate of The Broe Group, launched its new Rail-Ready Sites program. This program, designed to bring together rail-served sites and customers in need of development properties, kicks off with 10 Rail-Ready Sites along the New Jersey division of the Winchester and Western Railroad (WW).
ClearBlade and NimbeLink Corp. announced a secure and scalable IoT edge solution aimed at simplifying the process required to track, monitor and alert assets rapidly.
International Railway Journal Editor-in-Chief Kevin Smith talks with the International Union of Railways on the COVID-19 response in Europe.
The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law by President Trump on March 27, boosts unemployment and sickness benefits for railroad workers impacted by the pandemic.
Citing “increased macroeconomic uncertainty and corporate debt in focus across various sectors,” Cowen and Company recently delved into current debt levels at major railroad and trucking firms, and discussed actions these companies could take to combat the difficult times.
Duos Technologies Group, Inc. reported financial results for the fourth quarter and full year ended Dec. 31, 2019. In doing so it noted that its total revenue increased 125% to $5.75 million, compared to $2.56 million in the same quarterly period, and its gross profit increased 176% to $3.15 million (55% of total revenue) compared to $1.14 million (45% of total revenue) in the same quarterly period last year.