CSX announces fourth quarter 2020 earnings results
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
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
Bay Area Rapid Transit (BART) has begun a project to replace track components at the agency’s Richmond Station. Replacement of an interlocking is the focus of the project. As most readers know,
Track installation on the Eglinton Crosstown LRT project in Toronto is getting close to completion. Metrolinx has announced that more than 77 percent, or over 36 km, is now in place in
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
Brightline West is back on the drawing board. The high-speed rail line project between Apple Valley, Calif., and Las Vegas, which was paused late last year, is expected to break ground in
In late November, EnviroRail, a railroad service contractor located in Omaha, NE, made the first step in changing the future of railroad-maintenance construction by licensing Mechanical Concrete. Mechanical Concrete’s patented, innovative process
It’s looking good for a pair of regional intermodal projects in Oregon. The Oregon Transportation Commission is expected to give the OK on Jan. 21 during a videoconference. Each project will receive
BNSF Railway Company (BNSF) today announced its 2021 capital investment plan of $2.99 billion. This year’s capital plan focuses on projects that support the company’s growth and efficiency objectives, while maintaining a
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
Now that a new administration has been sworn into office does this mean there will be a revised pledge to finally get the Gateway Project off the ground? The centerpiece of the
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
Sound Transit is now running light-rail test trains on the elevated tracks of the Northgate Link extension. The line is on target to open in September. “Seeing light-rail vehicles on the Northgate
The coastal bluffs of Del Mar are a little bit stronger today. The San Diego Association of Governments (SANDAG) board announced phase 4 of stabilization efforts is now complete. The work involved
MOW union demanding more safety precautions at Union Pacific during pandemic, but judge rules it can’t strike Price of Sound Transit projects expand more than 50 percent ‘Beyond comprehension’: Contractor of California’s
Minnesota’s Southwest Light Rail line has suffered a setback that will delay its opening. Poor soil conditions where tunnel construction is needed will call for a stabilizing wall which was not included
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
Sound Transit has awarded a multi-year, $24-million contract for rail grinding, polishing, and engineering inspection services to Advanced Rail Management, Corp. (ARM). The contract, which includes corrugation measurement and track geometry, ultrasonic,
Railway Age’s 58th Railroader of the Year, Canadian Pacific President and CEO Keith Creel, talks with Editor-in-Chief William C. Vantuono about his career, and his mission at CP, in this audio version of