Power provided by coal-fired plants drops as a result of pandemic
A new report shows a significant drop in electric power demand during pandemic.
Class 1
R. J. Corman Railroad Group announces appointment of Ron Batory to board of directors
R. J. Corman Railroad Group, today announced that it has appointed former U.S. Department of Transportation FRA Administrator Ronald L. (Ron) Batory to its Board of Directors. Prior to his service in
Norfolk Southern reports Q4 2020 and Full-Year 2020 earnings
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
NS, Comply365 deploy digital T&E Tools
Norfolk Southern’s “digital transformation” initiatives now include rulebooks, bulletins, special instructions, and other “mission-critical documents” that the railroad’s more-than 8,000 T&E (Train and Engine) workers—conductors, engineers and other field operating personnel—are required
CSX suffers derailment due to rockslide
When operating in mountainous territory, as is done by most Class 1 railroads, the threat of rock slides is ever-present. In the wee hours of Thursday morning, CSX experienced just that, and
BNSF Q3 2020 – revenue and operating ratio both down
BNSF recently reported its financial results for Q3 2020. Revenue was down 14.4 percent compared to Q3 2019 (bad) and the operating ratio was down to 59.7 percent compared to 62.6 percent
CN shatters grain record by delivering biggest month ever
The news from Canada regarding increases in grain movement continues to impress. Canadian National released the following statement this morning about their new record amount of grain movement, along with the new
NS suffers from two derailments
Norfolk Southern is currently working through two mainline derailments that will affect customers’ traffic: · At approximately 11 p.m., Thursday, October 22, train 231/22 derailed on the mainline in Midville, Georgia affecting
CSX earnings drop, but operating ratio remained same as last year
CSX Corp. [yesterday] announced third quarter 2020 net earnings of $736 million, or $0.96 per share, versus $856 million, or $1.08 per share in the same period last year. Despite lower economic
‘Nimble and responsive to market demand’ — CN reports Q3 2020 results
Canadian National [yesterday] reported its financial and operating results for the third quarter ended September 30, 2020. “CN’s people never stopped working since the beginning of the pandemic and I am proud
Union Pacific plans to lay off unspecified number of employees
Union Pacific announced Friday that it plans to lay off an unspecified number of employees according to the Omaha World-Herald. The announcement from the railroad said the reason for the layoffs is
Canadian National gives the Lion Electric Co. largest order to date
Canadian National and The Lion Electric Co. announced today that they have signed a Memorandum of Understanding for CN to acquire 50 zero-emission trucks by CN as part of its fleet of
Train union still pushing for U.S. workers in and out of Mexico
The Brotherhood of Locomotive Engineers and Trainmen (BLET) wants Congress working on the next trade agreement between the U.S., Mexico and Canada—the USMCA—to have a special provision. The union wants any train
Full steam ahead for UP’s Big Boy Midwest tour
The 150th anniversary celebration of the transcontinental railroad’s completion isn’t over yet. Union Pacific is just gathering steam following its May 9 ceremony in Ogden, Utah, commemorating the anniversary. The newly restored
U.S. officials bracing for Mexican tariffs
Tariff talks between Mexico and the U.S. continued on June 6, with Mexico claiming progress was being made. President Trump, however, was not as optimistic. Trump said “a lot of progress” must
Canadian Pacific, Yang Ming agree on three-year deal
For the next three years, Canadian Pacific Railway Ltd. and Yang Ming Marine Transport Corp. will team up in North America via the Port of Vancouver. The two transportation companies announced a
CSX set to break ground on N.C. rail hub next month
Work will soon be underway at the site of CSX’s proposed intermodal rail facility across from North Carolina Wesleyan College, a liberal arts college based in Rocky Mount, N.C.
New Norfolk Southern appointee Farrell to aid PSR implementation
Norfolk Southern made a key executive appointment as it took another step in its previously-announced plan to implement Precision Scheduled Railroading.
CSX reorganizes operating management structure to drive efficiency
CSX Corporation has announced a new operating management structure, which the company said decentralizes operational and support functions.
NYDOT sets $19M to transform CSX yard
State funding will help CSX transform a central New York rail yard into a modern intermodal hub for international freight.