The U.S. DOT’s Federal Railroad Administration (FRA) released a quarterly status update on railroads’ self-reported progress, as of June 30, 2020, toward fully implementing positive train control (PTC) systems by Dec. 31,
At approximately 8:35 p.m. CT on Monday, Aug. 10, a BNSF train travelling east from Amarillo, destined for Northwest Ohio derailed 16 cars near Gage, Okla. There are no injuries to the
Ed. Note: Yesterday, we reported on a meeting CP president & CEO Keith Creel had last week with New Brunswick Premier Blaine Higgs to discuss the railroad’s commitment to grow traffic at
Representatives of the Washington State Department of Transportation have indicated that the track and infrastructure design for the Connell Rail Interchange Project is 100 percent completed. The Connell Rail Interchange is a
Ed. Note: This is the seventh Q2 2020 earnings report we’ve posted, which covers all seven Class 1 railroads. Links to the earnings of the other six Class 1s can be found
Canadian Pacific reaffirmed its commitment to grow traffic at the Port of Saint John and stimulate economic growth and investment in New Brunswick at a meeting with Premier Blaine Higgs [last week].
The Union Pacific train derailment in Tempe, Ariz., last week received a lot of media attention. The following are clips from other news outlets to give you a better viewpoint of the
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending August 1, 2020, as well as volumes for July 2020. U.S. railroads originated 1,042,017 carloads in July
After a year of leading NS’s “clean sheeting” initiative in a consulting role, Michael A. Farrell was named senior vice president transportation in Nov. 2018, then appointed senior vice president of operations
Two private equity firms are considering a takeover bid for Kansas City Southern, according to a report based on information from anonymous sources in the Wall Street Journal posted late afternoon on
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 25, 2020. For this week, total U.S. weekly rail traffic was 481,331 carloads and intermodal units,
Norfolk Southern Corporation (NYSE: NSC) today reported second-quarter financial results. Second-quarter net income was $392 million, diluted earnings per share were $1.53 and the operating ratio was 70.7 percent. “In a period
Norfolk Southern Corporation today announced its board of directors has appointed Cindy Sanborn executive vice president and chief operating officer, effective Sept. 1, 2020. Sanborn will succeed Michael Wheeler, who will retire
CSX Corp. [this week] announced second quarter 2020 net earnings of $499 million, or $0.65 per share, versus $870 million, or $1.08 per share in the same period last year. “I want
Union Pacific Corporation today reported 2020 second quarter net income of $1.1 billion, or $1.67 per diluted share. This compares to $1.6 billion, or $2.22 per diluted share, in the second quarter
Canadian Pacific Railway Limited [yesterday] announced second-quarter results, including revenues of $1.79 billion, diluted earnings per share (“EPS”) of $4.66, adjusted diluted EPS of $4.07 and an operating ratio of 57.0 percent.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 18, 2020. For this week, total U.S. weekly rail traffic was 481,597 carloads and intermodal units,
Company Contributing to Economic Recovery Through Reaffirmed and New Investments Canadian National today reported its financial and operating results for the second quarter ended June 30, 2020. “By being adaptable, we were able
It should come as no surprise that Class 1 rail employment posted another drop in June. The double whammy of the pre-pandemic recession and COVID-19 lockdowns has stifled economic activity, and the
Officials are still trying to figure out how a Norfolk Southern train derailed outside of Tuscaloosa, Ala., late Saturday afternoon. A total of 17 rail cars derailed, with one spilling vegetable oil