Georgia Power sued by GATX for railcar damage
Unless rail customers own their own cars, they either use ones owned by the railroad or they lease them. One of the largest freight car and locomotive lessors is GATX Corporation, which
Freight
Strong Q3 results at Canadian National
Canadian National last week reported its financial and operating results for the third quarter ended September 30, 2019. “CN delivered strong results, despite a softening economy,” said JJ Ruest, president and chief
With extreme weather events increasing, ASLRRA cranks up the resources for railroaders to use
In response to an extraordinary uptick in the tempo and severity of extreme weather events that have been affecting freight railroad operations and the needs of its members, the American Short Line
California Attorney General pushes back on regulation of trains carrying flammable oil being retained at the federal level
Several states are pushing back on the notion that regulation of crude oil trains in the United States belongs in the hands of the federal government, as opposed to being regulated by
Canadian Pacific reports record Q3 revenue and record Q3 operating ratio
Canadian Pacific Railway Limited today announced record third-quarter revenues of $1.98 billion, and reported diluted earnings per share (EPS) of $4.46, or $4.61 on an adjusted diluted EPS basis. The Company also
Association of American Railroads reports traffic for the week ending October 19, 2019
The Association of American Railroads (AAR) yesterday reported U.S. rail traffic for the week ending October 19, 2019. For this week, total U.S. weekly rail traffic was 507,381 carloads and intermodal units,
Third quarter 2019 results from Norfolk Southern
Norfolk Southern Corporation yesterday reported third-quarter financial results. Third-quarter net income was $657 million and diluted earnings per share were $2.49. The operating ratio for the quarter was 64.9%, a third-quarter record
USDOT Proposes Rule for Safe LNG Transportation
The U.S. Department of Transportation’s (USDOT) Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), announced that it is publishing a notice of proposed rulemaking (NPRM)
Court rules against Brotherhood of Maintenance of Way Employees Division of International Brotherhood of Teamsters in automated track inspection case
The Brotherhood of Maintenance of Way Employees Division (BMWED) of the International Brotherhood of Teamsters recently filed a petition against the Federal Railroad Administration (FRA) decision to allow BNSF to reduce physical,
Amtrak could be losing $42 million per year due to late trains
If Amtrak expects to reach its goal of breaking even by 2021, it must improve its on-time performance significantly. According to a report in Business Insider, the rail passenger carrier’s on-time performance
Railroad bridge in Houston partially collapses, derailing train
A railroad bridge has partially collapsed in northeast Houston this morning, causing a train to derail.
Kansas City Southern posts record Q3 results
Third Quarter 2019 Results Record revenues of $747.7 million, an increase of 7% from prior year on flat volumes Operating income of $282.0 million. Record adjusted operating income of $294.0 million up
VisioStack Partners With Chilean Railway
VisioStack Inc. has entered into an agreement with Grupo EFE to provide data management and analytics services. Grupo EFE, which is based in Santiago, Chile, provides both passenger and freight services throughout
CSX Q3 2019 earnings results
CSX Corporation yesterday announced third quarter 2019 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year (an earnings per
Union Pacific reports Q3 results
Union Pacific Corporation today reported 2019 third quarter net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.6 billion, or $2.15 per diluted share, in the third quarter
AAR releases rail traffic numbers for week ending October 12
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 12, 2019. For this week, total U.S. weekly rail traffic was 510,820 carloads and intermodal units,
Cybersecurity on freight railroads – a regulatory matter?
Concern over computer hacking of critical infrastructure, and even of our political elections, permeates the entire U.S. The more we come to rely on digital and automated processes, the more dependent we
Goldman Sachs cuts 2020 freight transport earnings outlook
Freightwaves is reporting that Goldman Sachs has revised its outlook on 2020 earnings in the freight transportation sector. The reason is the continued sluggishness in the U.S. economy’s industrial sector, and their
PTC Virtual Lab at Norfolk Southern
Norfolk Southern has created a virtual positive train control (PTC) lab that offers a sophisticated way to test the latest PTC technology without having to do it with live trains on the
Bells & Whistles—Episode 12
What were the top news stories RT&S was following the week ending Oct. 11. Watch the latest Bells & Whistles by clicking here. For the latest news, go to www.rtands.com.