Diversified Product Development has established the RailWise brand to accommodate its growing line of products for the hirail market. The new brand encompasses several of Diversified’s existing hirail products and will help
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 Metropolitan Atlanta Rapid Transit Authority (MARTA) is investing approximately $225 million in State of Good Repair work on its heavy rail lines that will enhance the safety of the rail system,
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
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
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 U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced that 37 projects will receive a share of $15.8 million in funding to support strategies that develop, deploy and demonstrate solutions
The Maryland Transit Administration has decided that, given the recent unrest and security concerns in the nation’s capital, MARC train service will be completely suspended on all three of their lines beginning
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 9, 2021. For this week, total U.S. weekly rail traffic was 525,253 carloads and intermodal units,
Orange County First District Supervisor Andrew Do was unanimously elected [yesterday] as the new Chairman of the Orange County Transportation Authority Board of Directors, which is responsible for planning, funding, and delivering
The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced that the Santa Clara Valley Transportation Authority (VTA) in Santa Clara County, California, has submitted the first application in the nation
The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a total of $14 billion in Federal funding allocations to continue to support the Nation’s public transportation systems during the Coronavirus
BNSF Railway Company (BNSF) and Wabtec’s (NYSE: WAB) exploration of the future potential of battery-electric locomotives crosses another significant milestone this week as they begin testing the technology in revenue service between
According to KGW-TV 8, the local NBC affiliate, a Union Pacific freight train derailed between Canby, Ore. and Oregon City (about 25 miles southeast of Portland) yesterday morning. The train ran into
According to FreightWaves, a Ferrosur Co. freight train carrying passenger automobiles was intentionally derailed by armed vandals who cut the railroad’s tracks in Acultzingo, Mexico, which is approximately 100 miles away from
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 2, 2021, as well as volumes for December 2020. U.S. railroads originated 1,101,324 carloads in December
