Norfolk Southern Corporation yesterday reported third-quarter financial results. Third-quarter net income was $657 million and diluted earnings per share were $2.49. The operating ratio for the quarter was 64.9%, a third-quarter record
The Brotherhood of Maintenance of Way Employees Division (BMWED) of the International Brotherhood of Teamsters recently filed a petition against the Federal Railroad Administration (FRA) decision to allow BNSF to reduce physical,
If Amtrak expects to reach its goal of breaking even by 2021, it must improve its on-time performance significantly. According to a report in Business Insider, the rail passenger carrier’s on-time performance
Third Quarter 2019 Results Record revenues of $747.7 million, an increase of 7% from prior year on flat volumes Operating income of $282.0 million. Record adjusted operating income of $294.0 million up
CSX Corporation yesterday announced third quarter 2019 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 earnings per
Union Pacific Corporation today reported 2019 third quarter 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 third quarter
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 12, 2019. For this week, total U.S. weekly rail traffic was 510,820 carloads and intermodal units,
Concern over computer hacking of critical infrastructure, and even of our political elections, permeates the entire U.S. The more we come to rely on digital and automated processes, the more dependent we
Freightwaves is reporting that Goldman Sachs has revised its outlook on 2020 earnings in the freight transportation sector. The reason is the continued sluggishness in the U.S. economy’s industrial sector, and their
Norfolk Southern has created a virtual positive train control (PTC) lab that offers a sophisticated way to test the latest PTC technology without having to do it with live trains on the
On Tuesday, October 8, Congressman Scott Tipton (R-Colorado) joined the Railway Engineering-Maintenance Suppliers Association (REMSA) and its member Vossloh North America at their Rocla Concrete Tie facility in Pueblo, CO. Congressman Tipton
The Washington Post reports that a collision of two WMATA trains occurred on Monday, October 7 at 12:54 a.m. The collision happened outside the Farragut West station. Neither train had passengers aboard.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 5, 2019. For this week, total U.S. weekly rail traffic was 515,061 carloads and intermodal units,
Freightwaves is reporting that the driver of a tractor-trailer truck is suing BNSF for more than $75,000 after being hit on the passenger side by a pair of “uncontrolled” rolling boxcars at
On p 28 of the August issue of this magazine, I quoted Matt Weyand, sales engineer with Ballast Tools Equipment, about the devastation he witnessed while working on track repair for two Class
The U.S. Department of Transportation’s (USDOT) Federal Railroad Administration (FRA) yesterday issued a Notice of Funding Opportunity (NOFO) for the Federal-State Partnership for State of Good Repair Program (Partnership Program). The NOFO
On Friday, Congressman John Carter (R-Texas) joined the Railway Engineering-Maintenance Suppliers Association (REMSA) and its member Georgetown Railroad Equipment Company (GREX) at their headquarters in Georgetown, TX. Congressman Carter spoke with company
On September 24, 2019, Bryan Boehm, President Rail, Custom Truck One Source, and Troy Elbert, President, Herzog Services, Inc., were elected to the Railway Engineering-Maintenance Suppliers Association (REMSA) Board of Directors at
GeekWire reports Microsoft has donated a total of $573,667 to a study assessing the feasibility of high-speed rail between Vancouver, B.C., Seattle, and Portland. This is part of the company’s effort to
The Association of American Railroads (AAR) yesterday reported U.S. rail traffic for the week ending September 28, 2019, as well as volumes for September 2019. U.S. railroads originated 992,542 carloads in September
