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
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
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:
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,
Watco’s Decatur (Ala.) Riverport terminal in the Mallard-Fox Creek Industrial Park is among the beneficiaries of a grant awarded to Decatur as part of the Alabama Inland Port Infrastructure Program. This will
Jaguar Transport Holdings (Jaguar) and The Western Group (TWG) have announced that Jaguar has acquired five short line railroads and a railroad construction and maintenance company from TWG. Jaguar is partnered with
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,
Reading and Northern (RBMN) has announced the first cars have been unloaded at their newest rail-truck transload at NorthStar/BlueScope (NSBS), Delta, Ohio. NSBS operates one of the most efficient, lowest cost, hot
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
Short line railroad companies now have an option that will help in the long term. The U.S. DOT announced it is expanding the Railroad Rehabilitation and Improvement Financing Express program (RRIF Express).
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
The U.S. Department of Transportation today announced that it will expand eligibility and provide more flexibility for a pilot program to expedite long-term, low-cost loans for America’s short line and regional railroads.
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
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.
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 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 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
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
The Nebraska, Kansas & Colorado Railway (NKCR), a line managed by OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group,
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
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