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Daily Headlines
CSX announces 2Q 2017 earnings increase, share repurchase program
(Source: CSX press release, July 18, 2017) JACKSONVILLE, Fla. — CSX Corporation (CSX) today announced second quarter 2017 net earnings of $510 million, or $0.55 per share, up from $445 million, or $0.47 per share, in the same period of last year. Excluding a $122...
UP reports 2Q 2017 results
(Source: Union Pacific press release, July 20, 2017) OMAHA, Neb. — Union Pacific Corporation today reported 2017 second quarter net income of nearly $1.2 billion, a second quarter record of $1.45 per diluted share. This compares to about $1.0 billion, or $1.17 per...
KCS reports increased revenues and earnings in 2Q 2017
(Source: Kansas City Southern press release (PDF), July 21, 2017) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record second quarter 2017 revenues of $656 million, an increase of 15% from second quarter 2016. Overall, carload volumes increased 6% compared to...
CSX: Up to 700 more job cuts possible; CEO defends restructuring progress
(Source: Associated Press, July 20, 2017) OMAHA, Neb. — CSX’s new chief executive is defending the restructuring progress made in his first four months, but warned that the Jacksonville-based railroad could lay off another 700 employees this year. Full story: Florida...
Blame train delays on NJ Transit not hiring enough engineers, BLET says
(Source: New Jersey 101.5, July 19, 2017) NEWARK, N.J. — The engineers union said this week’s NJ Transit manpower shortage, which led to 58 trains being canceled over the past week, is because the railroad doesn’t have enough engineers. Full story:...
Buying ‘friends in this Congress:’ The smoking gun that triggered a political scandal
(Source: Washington Post, July 18, 2017) WASHINGTON, D.C. — A smoking gun. Allegations of fake news. Adversarial press coverage that made it impossible for embarrassed lawmakers to sweep a scandal under the rug. The political sensation that came to be known as the...
CSX wants to renovate Jacksonville headquarters
(Source: Jacksonville Daily Record, July 18, 2017) JACKSONVILLE, Fla. — CSX Corp. not only is updating the railroad’s operating program. It also wants to renovate its Downtown Jacksonville headquarters at a cost of $1.85 million. Full story: Jacksonville Daily...
Railroad safety focus of special Metra train
(Source: Elgin Courier-News, July 18, 2017) CHICAGO — On Friday, Metra operated a "safety train" from Union Station to Elgin's National Street station. The excursion gave riders a chance to observe safety measures the suburban commuter agency has adopted to reduce...
MBTA to install PTC on Lowell commuter rail line
(Source: Progressive Railroading, July 17, 2017) The Massachusetts Bay Transportation Authority (MBTA) early next month will kick off a series of weekend shutdowns on its Lowell commuter-rail line to install positive train control (PTC). Full story: Progressive...
Amtrak’s Moorman optimistic about restoring service to Gulf Coast
(Source: Pensacola News Journal, July 17, 2017) PENSACOLA, Fla. — The co-CEO of Amtrak remains optimistic about the possibility of restoring passenger train service to the Gulf Coast, despite comments from a CSX executive saying reinstatement of the service is...
