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
News and Opinion
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
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
Southern Rail Commission receives $4.36 million to restore Gulf Coast rail service
The Birmingham Business Journal is reporting that the Southern Rail Commission has received a $4.36 million grant to restore rail service to the Gulf Coast. The grant was awarded by the U.S.
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)
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
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
MTA to increase train speed 50% on certain track
The Metropolitan Transportation Authority (MTA) released preliminary findings of the Train Speed and Safety Task Force that demonstrate subway train speeds on certain sections of track can be increased by as much
AAR traffic report for week ending Oct. 5, 2019
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 5, 2019. For this week, total U.S. weekly rail traffic was 515,061 carloads and intermodal units,
AAR releases traffic numbers for week ending 9/28/19 and month of 9/19, with commentary from SVP John Gray
The Association of American Railroads (AAR) yesterday reported U.S. rail traffic for the week ending September 28, 2019, as well as volumes for September 2019. U.S. railroads originated 992,542 carloads in September
REMSA Member Oldcastle Infrastructure Hosts Congressman Dutch Ruppersberger
Today, Congressman Dutch Ruppersberger (D-Maryland) joined the Railway Engineering-Maintenance Suppliers Association (REMSA) and its member Oldcastle Infrastructure at their manufacturing facility in Edgewood, MD. Congressman Ruppersberger spoke with company officials and rail
NTSB releases final report on 2018 Amtrak/CSX train collision in Cayce, S.C.
On Monday, September 30, the National Transportation Safety Board (NTSB) issued its final report on the head-on collision of an Amtrak passenger train with a stopped CSX freight train in Cayce, S.C.
Executive Leadership Changes at CSX
CSX today announced the appointments of Kevin Boone as executive vice president and chief financial officer and Jamie Boychuk as executive vice president of Operations. Ed Harris, who previously led the Operations
FreightCar America will close Roanoke plant and open a new one in Mexico
The Roanoke Times is reporting that FreightCar American plans to close its railcar manufacturing facility in Roanoke, Va. and open a new one Castanos, Mexico. The new Mexico plant will be a