KCS Reports Record Revenue for 3Q19
Kansas City Southern (KCS) reported record revenues of $747.7 million, an increase of 7% from third quarter 2018. Overall, carload volumes were flat compared to prior year.
Breaking News
HNTB Adds Two to Its Transit Team
HNTB Corp. announced it has added two new faces to its transit team, as Charles Beauvoir, P.E., S.E., joined as senior program manager and vice president, based in the firm’s Houston office, and industry veteran Jack Buckingham joined the transit and rail practice as vice president, program delivery, based in the firm’s District office.
UP Sets Quarterly OR Record
Union Pacific (UP) reported 3Q19 net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.6 billion, or $2.15 per diluted share, in the same period last year.
CSX Sets Operating Ratio Record in 3Q19
CSX announced 3Q19 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year—an EPS increase of 3%. CSX’s operating ratio set a new company record of 56.8%, improved from 58.7% in the prior year.
AAR Honors Hazardous Material Handlers
The Association of American Railroads (AAR) announced the 2019 recipients of the Holden-Proefrock Award, Danny Simpson, and the 2018 Non-Accident Release (NAR) Grand Slam Awards, presented to 41 companies. The awards are given annually to individuals, shippers and railroads operating in hazardous material fields.
VisioStack Partners With Chilean Railway
VisioStack Inc. has entered into an agreement with Grupo EFE to provide data management and analytics services. Grupo EFE, which is based in Santiago, Chile, provides both passenger and freight services throughout Chile, with its commuter rail service responsible for transporting more than 30 million passengers per year.
AAR: Make it 41 Straight Weeks of U.S. Traffic Downturn
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended October 12, 2019, and it’s more of the same.
NS Releases Corporate Social Responsibility Report
Norfolk Southern (NS) released its 2019 Corporate Social Responsibility (CSR) report, which highlights initiatives that aim to support a cleaner environment, promote economic growth and jobs, foster a diverse and inclusive workplace, and build stronger communities.
A&R Logistics Anchor Tenant at OmniTRAX’s SGIH
Affiliates of OmniTRAX, Inc. and The Broe Group have signed A&R Logistics, Inc. as anchor tenant at the Savannah Gateway Industrial Hub (SGIH), a master-planned, 2,750-acre industrial park owned by Effingham County Industrial Development Authority (ECIDA) with the capacity to accommodate up to 18 million square feet of industrial space.
Happy 150th! Wabtec Celebrates Anniversary, New HQ
Wabtec Corp. recently celebrated its 150th anniversary, as well as the grand opening of its new headquarters in Pittsburgh.