BNSF Q3 2020 – revenue and operating ratio both down
BNSF recently reported its financial results for Q3 2020. Revenue was down 14.4 percent compared to Q3 2019 (bad) and the operating ratio was down to 59.7 percent compared to 62.6 percent
Class 1
Bells & Whistles—Brightline puts West high-speed route on hold
Brightline West high-speed rail project now put on hold Norfolk Southern suffers derailment that spilled coal into river U.S. DOT gives short line railroads a shot in the financial arm 2020 Election:
October 2020 best month ever for Canadian Pacific grain movement
Last week, RT&S reported that Canadian National was on its way to setting an all-time monthly record of grain movement – over 3 million metric tons – for October 2020. This week,
AAR’s John Gray: intermodal shows a “stunning increase” in last six months
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 31, 2020, as well as volumes for October 2020. U.S. railroads originated 912,772 carloads in October 2020,
Norfolk Southern suffers derailment that spilled coal into the Roanoke River
This past Friday night at about 10:15, Norfolk Southern suffered a train derailment near Salem, Va., resulting in 22 cars leaving the track, with 12 loaded coal cars ending up in the
Bells & Whistles—Members of Congress worried about Purple Line project
Brightline West high-speed rail construction expected to start soon, but work can still be scratched Train derails in Texas; railcars spill onto street Maryland lawmakers’ concerns about fate of Purple Line project
CN shatters grain record by delivering biggest month ever
The news from Canada regarding increases in grain movement continues to impress. Canadian National released the following statement this morning about their new record amount of grain movement, along with the new
Train derails in Texas; railcars spill onto street
A Kansas City Southern train derailed near the Texas-Louisiana border on Oct. 29, causing schools to be evacuated and motorists to flee to safety as the railcars spilled in front of them.
Carloads still down; intermodal continues to show healthy increase
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 24, 2020. For this week, total U.S. weekly rail traffic was 522,653 carloads and intermodal units,
Norfolk Southern sees revenue drop 12% in Q3 2020
Norfolk Southern Corporation today reported financial results for the quarter ended September 30, 2020. During the quarter, the company achieved net income of $569 million, diluted earnings per share of $2.22, and
L.B. Foster installs friction management system at Canadian Pacific
L.B. Foster has recently installed its next generation Protector X Trackside Friction Management (FM) System on Canadian Pacific’s (CP) Mountain Subdivision in Illecillewaet, British Columbia. This is the first of 46 Protector
New technology joint venture to transform rail shipping
Last week, Norfolk Southern, GATX Corporation, Genesee & Wyoming, TrinityRail, and Watco announced a venture to create a new technology platform that will help transform rail shipping in the 21st century. The
NS suffers from two derailments
Norfolk Southern is currently working through two mainline derailments that will affect customers’ traffic: · At approximately 11 p.m., Thursday, October 22, train 231/22 derailed on the mainline in Midville, Georgia affecting
UP reports Q3 revenue down, but sets all-time low quarterly OR
Union Pacific Corporation (NYSE: UNP) today reported 2020 third quarter net income of $1.4 billion, or $2.01 per diluted share. This compares to $1.6 billion, or $2.22 per diluted share, in the
CSX earnings drop, but operating ratio remained same as last year
CSX Corp. [yesterday] announced third quarter 2020 net earnings of $736 million, or $0.96 per share, versus $856 million, or $1.08 per share in the same period last year. Despite lower economic
Intermodal continues strong showing
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 17, 2020. For this week, total U.S. weekly rail traffic was 518,763 carloads and intermodal units,
‘Nimble and responsive to market demand’ — CN reports Q3 2020 results
Canadian National [yesterday] reported its financial and operating results for the third quarter ended September 30, 2020. “CN’s people never stopped working since the beginning of the pandemic and I am proud
Canadian Pacific reports sub-60 operating ratio and revenues of $1.86B
Canadian Pacific Railway Limited today announced third-quarter revenues of $1.86 billion, diluted earnings per share (“EPS”) of $4.41, adjusted diluted EPS of $4.12 and an operating ratio of 58.2 percent. “This quarter
Residents attempting to knock down North County Transit District’s fence plan
Beachgoers do not want anything to get in their way from enjoying a day on the coast, but the North County Transit District (NCTD) is saying enough is enough. There are plans
Bells & Whistles—Wash. State Supreme Court delivers for Sound Transit
HART’s cost overruns for light-rail project have not reached a ceiling Initiative 976 struck down by Washington State Supreme Court CSX suffers derailment in Atlanta suburb Maryland takes over Purple Line project