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Daily Headlines
NJ Transit’s rail system is breaking down more often in 2017
(Source: www.nj.com, October 17, 2017) NEWARK, N.J. — NJ Transit trains are breaking down more in 2017 than they did in 2016, according to the agency's data, and are running fewer miles between failures than trains on the Long Island Rail Road or on Metro North. Full...
Survey: Shippers expecting rate increases, still unhappy with CSX
(Source: Railway Age, October 17, 2017) NEW YORK — Railroad shippers are anticipating price increases averaging 3.2% over the next 6-12 months, according to Cowen and Company’s Third-Quarter 2017 Rail Shipper Survey. This is a 20 basis point sequential increase from...
CSX “had some embarrassing situations” this year, CEO tells investors
(Source: CNBC, October 17, 2017) NEW YORK — The aggressive overhaul of CSX by CEO Hunter Harrison faced a number of setbacks last quarter, company executives said on a conference call with investors Tuesday. Full story: CNBC
CSX meets 3Q 2017 profit forecasts, falls short on revenue
(Source: Associated Press, October 17, 2017) JACKSONVILLE, Fla. — CSX Corp. reported third-quarter earnings that met expectations, but its revenue took a hit as the company suffered service delays while overhauling its operations. Full story: Los Angeles Times
CP Rail reports boost in earnings during 3Q 2017, raises full-year guidance
(Source: Canadian Pacific Railway press release, October 17, 2017) CALGARY, Alberta — Canadian Pacific Railway Limited today announced third-quarter adjusted diluted earnings per share (EPS) of $2.90, an increase of 6 percent, and revenue grew 3 percent to $1.6...
CP Rail beats 3Q 2017 profit estimates on higher shipments
(Source: Reuters, October 17, 2017) NEW YORK — Railroad operator Canadian Pacific Railway Ltd. on Tuesday reported a better-than-expected quarterly profit on higher shipments of crude oil, coal and potash and raised its full-year profit forecast. The company now...
Teamster leaders in U.S., Canada laud their respective NAFTA negotiators
(Source: International Brotherhood of Teamsters press release, October 16, 2017) WASHINGTON, D.C. — At the fourth round of NAFTA renegotiation, the International Brotherhood of Teamsters dispatched staff from both its U.S. and Canadian trade policy teams to track and...
Coal company, railroads line up against Spokane measure
(Source: Associated Press, October 17, 2017) SPOKANE, Wash. — Opponents have raised about $151,000 to defeat a Spokane ballot measure that would fine railroad operators for certain coal and crude oil rail shipments through the city's downtown core. Full story:...
Baltimore council members propose ban on new crude oil facilities
(Source: Baltimore Sun, October 16, 2017) BALTIMORE, Md. — Two members of the Baltimore City Council want to ban new crude oil terminals from the city as part of an effort to limit the number of oil trains traveling through the area. Full story: Baltimore Sun
The railroad put this Montana town on the map, but it left behind a toxic legacy
(Source: Huffington Post, October 16, 2017) LIVINGSTON, Mont. — For 25 years, Bill Phillips toiled as a machinist in the rail yard here — a fancy title, he jokes, for someone whose job was to play in the muck. Now 77 and suffering from asbestosis, a scarring of the...
