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
RT&S Editor-in-Chief takes a look back at 2020 and provides a forecast for 2021 based on responses from the RT&S State of the Industry survey. He also talks with HNTB’s Ronnie Hakim
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 National Transportation Safety Board determined on Jan. 25 that an airbrake failure caused the fatal, Oct. 4, 2018, collision between two Union Pacific trains in Granite Canyon, Wyo. The collision occurred when
An area where a train derailed on Jan. 24 is still being cleaned. A remote-controlled CSX train derailed on a railroad bridge in Cincinnati, Ohio. Residents called in a butane leak, but
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
An Alton and Southern Railway train has derailed in Fairmont City, Ill., blocking traffic on Highway 3. The accident happened at 11:45 p.m. on Jan. 21. Crews were still working on the
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
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
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 coastal bluffs of Del Mar are a little bit stronger today. The San Diego Association of Governments (SANDAG) board announced phase 4 of stabilization efforts is now complete. The work involved
MOW union demanding more safety precautions at Union Pacific during pandemic, but judge rules it can’t strike Price of Sound Transit projects expand more than 50 percent ‘Beyond comprehension’: Contractor of California’s
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