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
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
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
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 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)
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
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 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
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
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
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,
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
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
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.
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
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