R. J. Corman Railroad Group, today announced that it has appointed former U.S. Department of Transportation FRA Administrator Ronald L. (Ron) Batory to its Board of Directors. Prior to his service in
The Broe Group’s transportation affiliate, OmniTRAX Inc., has named Dean Piacente its Chief Executive Officer. Piacente, an accomplished Class I rail leader with more than 20 years of tenure as a CSX
Canadian Pacific Railway Limited yesterday announced its fourth-quarter results, including revenues of $2.01 billion, a record-low operating ratio (“OR”) of 53.9 percent, diluted earnings per share (“EPS”) of $5.95 and record adjusted
The National Railroad Construction & Maintenance Association has announced the winners of its 2020 Safety Awards. These awards recognize contractor member companies with exemplary safety performance during 2020. These outstanding contractors are
Diversified Product Development has established the RailWise brand to accommodate its growing line of products for the hirail market. The new brand encompasses several of Diversified’s existing hirail products and will help
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 23, 2021. For this week, total U.S. weekly rail traffic was 529,030 carloads and intermodal units,
Norfolk Southern Corporation today reported fourth-quarter and full-year 2020 financial results. Fourth-quarter net income was $671 million, diluted earnings per share were $2.64, and the operating ratio improved to an all-time quarterly
Canadian National [announced today] that its diluted earnings per share (EPS) grew 17 per cent, and 14 per cent on an adjusted basis in the fourth quarter, while free cash flow for
The Metropolitan Atlanta Rapid Transit Authority (MARTA) is investing approximately $225 million in State of Good Repair work on its heavy rail lines that will enhance the safety of the rail system,
Last week, one day after President Biden’s inauguration, Transportation Secretary-designate Pete Buttigieg, the former mayor of South Bend, Ind., and presidential candidate during the Democratic primaries in 2020, appeared before the Senate
Kansas City Southern (KCS) (NYSE:KSU) reported strong fourth quarter and full year 2020 results, despite significant operating and economic challenges. Fourth Quarter 2020 Fourth quarter revenues were $693.4 million, a decrease of
CSX Corp. [yesterday] announced fourth quarter 2020 net earnings of $760 million, or $0.99 per share. These results include a charge of $48 million, or $0.05 per share after-tax, related to the
Bay Area Rapid Transit (BART) has begun a project to replace track components at the agency’s Richmond Station. Replacement of an interlocking is the focus of the project. As most readers know,
Union Pacific Corporation today reported 2020 fourth quarter net income of $1.4 billion, or $2.05 per diluted share. These results include a previously announced $278 million pre-tax, non-cash impairment charge. Excluding the
In late November, EnviroRail, a railroad service contractor located in Omaha, NE, made the first step in changing the future of railroad-maintenance construction by licensing Mechanical Concrete. Mechanical Concrete’s patented, innovative process
BNSF Railway Company (BNSF) today announced its 2021 capital investment plan of $2.99 billion. This year’s capital plan focuses on projects that support the company’s growth and efficiency objectives, while maintaining a
AAR President and CEO Ian Jefferies issued the following statement congratulating Joseph R. Biden and Kamala Harris on their inauguration. “Congratulations to President Biden and Vice President Harris. Our new President and
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 16, 2021. For this week, total U.S. weekly rail traffic was 528,547 carloads and intermodal units,
FreightWaves is reporting that the medical data and information of some number of Norfolk Southern and UPS employees was hacked and leaked as part of a ransomware attack on a provider of
The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced that 37 projects will receive a share of $15.8 million in funding to support strategies that develop, deploy and demonstrate solutions
