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Daily Headlines
BNSF cuts ethanol shipper costs amid push for safer train cars
(Source: Reuters, January 25, 2017) NEW YORK — BNSF Railway Co will start offering discounts to ethanol shippers this April if they agree to use new, safer train cars, as it pushes to scrub puncture-prone ones from its rail lines at a faster pace than required by U.S....
CN revenue rises 2 percent in 4Q 2016
(Source: Reuters, January 24, 2017) MONTREAL — Canadian National Railway Co reported a 2 percent rise in quarterly revenue on Tuesday as the railroad moved higher volumes of Canadian grains and U.S. soybeans, refined petroleum products, finished vehicles and petroleum...
NS drive to cut costs fuels profit in 4Q 2016
(Source: Associated Press, January 25, 2017) OMAHA, Neb. — Norfolk Southern delivered a 15 percent increase in fourth-quarter profit, cutting costs sharply enough to offset a 3 percent decline in volume. Full story: Richmond Times-Dispatch
LIRR, Metro-North break ridership records
(Source: MTA press release, January 23, 2017) NEW YORK — The Metropolitan Transportation Authority (MTA) today announced that Long Island Rail Road and Metro-North Railroad are seeing record ridership numbers, with LIRR carrying 89.3 million customers in 2016, a 1.9%...
CSX shareholder backs Harrison for CEO as activist swoops in
(Source: Reuters, January 25, 2017) NEW YORK — A Neuberger Berman LLC portfolio manager has thrown her support behind a plan to put railroad industry veteran Hunter Harrison into CSX Corp's CEO chair with the help of an activist investor. Full story: Business...
CSX investors all ears for Hunter Harrison pitch
(Source: Bloomberg, January 25, 2017) NEW YORK — If most CSX Corp. investors are like Sandy Pomeroy and T.J. McConville, Hunter Harrison will probably have a fourth railroad to run. Pomeroy, a fund manager with Neuberger Berman Group, backs Harrison taking over as...
Potential hours of service violations draw scrutiny at NJ Transit
(Source: Bloomberg, January 25, 2017) NEWARK, N.J. — New Jersey Transit faces a widening examination of its safety practices after federal regulators discovered hundreds of potential work-hour violations, including altered duty logs and shifts longer than permitted....
Trains, trails and a troubadour
(Source: Colorado Public Radio, January 24, 2017) DENVER — There’s a new musical act coming to some long-distance passenger trains in the U.S. Her name is Gigi Love. The National Park Service and Amtrak have teamed up to name Love a “Trails and Rails Troubadour.” Full...
MRL’s Missoula spill came as state Superfund site nears action phase
(Source: Missoulian, January 23, 2017) MISSOULA, Mont. — It's more a sheen than a full-fledged plume these days. Cleanup measures over the decades have sopped up much of the diesel fuel from spills and leaks that ended up deep beneath the surface in the Missoula rail...
Calif. high-speed rail planners pitch ‘preferred’ route around Chowchilla
(Source: Fresno Bee, January 17, 2017) FRESNO, Calif. — A potential east-west bullet-train route along Highway 152 in Madera County is being pitched by high-speed rail planners and engineers as the best option for a Y-shaped junction for the train lines near...
