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Daily Headlines
OSHA orders Amtrak to reinstate and pay employee $892,000 who was discharged in violation of Federal Railroad Safety Act
(Source: Occupational Safety and Health Administration (OSHA) press release, January 18, 2017) BOSTON — The National Railroad Passenger Corp., better known as Amtrak, retaliated against a supervisory special agent in its inspector general's office when he raised...
KCS reports 4Q, full year 2016 results
(Source: Kansas City Southern press release (PDF), January 20, 2017) KANSAS CITY, Mo. — Kansas City, Mo., January 20, 2017. Kansas City Southern (KCS) reported fourth quarter 2016 revenues of $599 million, unchanged from fourth quarter 2015. Overall, carload volumes...
AAR: Rail traffic up 2 percent over 2016 for week ending January 14
(Source: Association of American Railroads press release, January 18, 2017) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 14, 2017. For this week, total U.S. weekly rail traffic was 516,229...
Amtrak’s CIO discusses corporate restructuring
(Source: Federal News Radio, January 18, 2017) WASHINGTON, D.C. — Big changes are coming to Amtrak. CEO Charles “Wick” Moorman announced a streamlining of Amtrak’s corporate structure on Jan. 4. Women of Washington hosts Aileen Black and Gigi Schumm invited Amtrak CIO...
17 Rhode Island lawmakers oppose NEC bypass
(Source: Associated Press, January 18, 2017) PROVIDENCE, R.I. — A bipartisan group of Rhode Island legislators is opposing a plan to build a new Amtrak line that would speed up rail travel between Boston and New York City. Full story: The Daily Progress
CSX CEO hopeful for U.S. economy in 2017
(Source: Reuters, January 18, 2017) DETROIT — The head of No. 3 U.S. railroad CSX Corp said on Wednesday he sees room for optimism that the U.S. economy could continue to gain momentum in 2017, especially if President-elect Donald Trump follows through on pro-growth...
CSX expects modest profit growth in 2017
(Source: Associated Press, January 18, 2017) OMAHA, Neb. — CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms. Full story: Seattle Times
FRA’s Feinberg looks to technology to save lives
(Source: Associated Press, January 18, 2017) PHILADELPHIA — Sarah Feinberg was on the job as the nation's chief railroad regulator for just three weeks when a packed commuter train slammed into an SUV stopped on tracks north of New York City, killing six people. Full...
All aboard the CSX activist train
(Source: Bloomberg, January 19, 2017) NEW YORK — Hunter Harrison really, really doesn't want to retire. The 72-year-old announced late Wednesday that he's stepping down as CEO of Canadian Pacific Railway Ltd. six months ahead of schedule. He's not angling to get to...
CP Rail reports $6.23 billion in revenue during 2016
(Source: Canadian Pacific Railway press release, January 18, 2017) CALGARY, Alberta — Canadian Pacific Railway Limited today announced its lowest-ever fourth-quarter operating ratio ("OR") of 56.2 percent and a record-low full-year OR of 58.6 percent as focused cost...
