Norfolk Southern reports fourth-quarter and full-year 2019 results
Norfolk Southern Corporation today reported fourth-quarter and full-year 2019 financial results.
Freight
Charlotte, N.C., still hoping for Red Line despite Class 1’s resistance to share track
There is no color to the Red Line in Charlotte, N.C. That is because it currently does not exist, even though plans were sketched out for the 25-mile route more than two
Canadian Pacific corrects inaccuracies in CBC reporting of Field, B.C. derailment
This week, RT&S filed two reports on the calls for an outside police agency to reopen the investigation into the Canadian Pacific derailment and crash that occurred on Sept. 4, 2019 near Field,
Teamsters Canada Rail Conference & Transportation Safety Board investigator call for new investigation into CP derailment
Following up on a story we posted yesterday about families of those killed in the Kicking Horse River CP derailment and crash on Feb. 4, 2019 near Field, B.C., the Teamsters Canada
CP British Columbia mountain derailment – families of those killed want to reopen investigation
A Canadian Pacific grain train consisting of 112 cars and three locomotives derailed and crashed into the Kicking Horse River on Feb. 4, 2019. The wreck killed the three crew members on
Officials attempting to step up efforts to protect train line while California’s Del Mar bluffs continue to crumble
You never know which areas under the earth’s crust are without any filling. Officials in southern California have received a warning over the last few months that the ground beneath a key
Rail employment drops again in December
FreightWaves is reporting that Class 1 rail employment in December 2019, 131,486 workers, was the lowest number since January 2012. This data was provided by the Surface Transportation Board. These numbers represent
Union Pacific reports fourth quarter and full year 2019 results
Union Pacific Corporation today reported 2019 fourth quarter net income of $1.4 billion, or $2.02 per diluted share. This compares to $1.6 billion, or $2.12 per diluted share, in the fourth quarter
Association of American Railroads traffic report for week ending Jan. 18, 2020
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 18, 2020.
Union Pacific addresses “cancer cluster” in Houston’s Fifth Ward
The site of a long inactive creosote processing facility in Houston’s Fifth Ward, owned by Union Pacific for the past twenty years, was the center of discussion at a recent community meeting.
Grain shippers want assured rail service
FreightWaves reports that groups of Canadian grain shippers are trying to figure out how the government can ensure grain shipments can continue in the event of a strike like the one against
Bells & Whistles—1/17/20
Seattle lawmakers want to make cap on car tab fees a state law. Environmental group calls BNSF derailment a major disaster. Congress now reviewing Act on crude oil by rail. State Attorney
Kansas City Southern reports strong fourth quarter and full-year 2019 results
Kansas City Southern (KCS) (NYSE:KSU) reported strong fourth quarter and full year 2019 results, driven by implementation of Precision Scheduled Railroading (PSR) principles. Fourth Quarter 2019 Fourth quarter revenues were $729.5 million,
CSX Announces fourth quarter and full year 2019 financial results
CSX Corporation yesterday announced fourth quarter 2019 net earnings of $771 million, or $0.99 per share, versus $843 million, or $1.01 per share in the same period last year. CSX’s operating ratio
Environmental group calls BNSF derailment on Jan. 1 a major disaster
While some are claiming a derailment in Idaho on New Year’s Day was a heroic event, one environmental group believes there is a villain at play.
Savage named CEO at Trinity Industries
Beginning Feb. 17, E. Jean Savage, who currently serves on the Trinity Board and is a Caterpillar vice president, will become Chief Executive Officer at Trinity Industries, according to a report in
AAR releases traffic report for week ending January 11, 2020
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 11, 2020.
Transportation Research Board panel discusses future of rail
The Transportation Research Board (TRB) conference is being held in Washington, D.C. this week, and one of the panels, “The Future of North American Freight Rail Transportation,” focused on the role of
Sergio Sabatini named president and COO of OmniTRAX
FreightWaves reports that Sergio Sabatini has been promoted to president of the short-line railroad, OmniTRAX. Gord Anutooshkin will move into Sabatini’s previous role of COO.
Kentucky coal miners block CSX train because they haven’t been paid
The Lexington Herald-Ledger reports that a group of coal miners, all employees of Quest Energy (a subsidiary of American Resources Corporation, or ARC) are blocking a coal train from leaving a mine