Layoffs continue to be part of the equation for Class 1 railroad companies in the U.S. Norfolk Southern announced 58 workers have been furloughed in the DeButts yard in Chattanooga, Tenn. Norfolk
Last week, RT&S reported on its website news service that GATX Corporation, one of the world’s largest freight car and locomotive lessors, is suing the Georgia Power Company, a subsidiary of Southern Company,
This week’s episode of Bells & Whistles features RT&S Editor-in-Chief Bill Wilson’s recent visit with the California Northern Railroad Co.
The government of Alberta, Canada announced today that starting in December, production limits on companies that produce oil will be raised, but any additional production must go by rail instead of pipelines.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 26, 2019. For this week, total U.S. weekly rail traffic was 513,147 carloads and intermodal units,
Canadian National may be facing a strike from its employees represented by the Teamsters Canada Rail Conference. The contract between the railroad and the union expired in July, and if an agreement
According to Surface Transportation Board statistics, the total number of railroad employees dropped from 148,171 in September 2018 to 136,865 in September 2019. That is 11,306 fewer employees, or -7.63% year over year.
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
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
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
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 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
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,
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
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)
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,
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
A railroad bridge has partially collapsed in northeast Houston this morning, causing a train to derail.
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 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
