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
It’s looking good for a pair of regional intermodal projects in Oregon. The Oregon Transportation Commission is expected to give the OK on Jan. 21 during a videoconference. Each project will receive
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
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
Railway Age’s 58th Railroader of the Year, Canadian Pacific President and CEO Keith Creel, talks with Editor-in-Chief William C. Vantuono about his career, and his mission at CP, in this audio version of
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 9, 2021. For this week, total U.S. weekly rail traffic was 525,253 carloads and intermodal units,
A federal judge is rejecting a strike order by one of Union Pacific’s bigger unions. The Brotherhood of Maintenance of Way Employees Division threatened to walk off the job last month due
Norfolk Southern’s “digital transformation” initiatives now include rulebooks, bulletins, special instructions, and other “mission-critical documents” that the railroad’s more-than 8,000 T&E (Train and Engine) workers—conductors, engineers and other field operating personnel—are required
NTSB again stresses need for increased protection of high-hazard flammable material tankers, citing two recent derailments ‘Deeply troubled’ Transportation Secretary Chao resigns following D.C. violence Mexican freight train carrying automobiles derailed by
BNSF Railway Company (BNSF) and Wabtec’s (NYSE: WAB) exploration of the future potential of battery-electric locomotives crosses another significant milestone this week as they begin testing the technology in revenue service between
According to KGW-TV 8, the local NBC affiliate, a Union Pacific freight train derailed between Canby, Ore. and Oregon City (about 25 miles southeast of Portland) yesterday morning. The train ran into
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 2, 2021, as well as volumes for December 2020. U.S. railroads originated 1,101,324 carloads in December
The National Transportation Safety Board issued a safety recommendation in December regarding placement of Department Transportation-111 rail tank cars in high-hazard flammable trains and the use of buffer cars for the protection of train
Too much Union Pacific is not always a good thing. Colorado Pacific Railroad is trying to break up what it believes is a monopoly following the announcement that Rio Grande Pacific and
The U.S. Department of Transportation’s Federal Railroad Administration (FRA) announced today that positive train control (PTC) technology is in operation on all 57,536 required freight and passenger railroad route miles, prior to
Dr. Albert J. Reinschmidt touched the lives of many during his railroading career, which spanned more than 40 years. With his passing on Jan. 5, 2018, the international railway industry lost a
With the Positive Train Control (PTC) implementation deadline of December 31, 2020 just three days away, last week the Federal Railroad Administration (FRA) issued a “Notice of Proposed Rulemaking,” or NPRM to
Editor’s Note: Today’s Association of American Railroads traffic report is similar to the association’s reports for the past several weeks. While intermodal continues to post strong increases over the same periods last
Officials are trying to figure out how a BNSF train carrying crude oil derailed in Whatcom County, Wash., on Dec. 22. The accident caused a fire that lasted well into the night.
Norfolk Southern announced yesterday that it plans employee furloughs in the mechanical department. This action continues the trend of shrinking employment on Class 1 and other railroads due primarily to the implementation