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Daily Headlines
NJ Transit’s longest delay: Modern safety technology
(Source: Associated Press, October 21, 2016) TRENTON, N.J. — Six years after New Jersey Transit won federal approval to install modern safety technology on its commuter rail lines, the project has languished and trains still operate with speed controls developed in...
UP CEO says railroad supports Trans-Pacific Partnership trade deal
(Source: Reuters, October 20, 2016) DETROIT, Mich. — The top executive of railroad Union Pacific Corp said on Thursday that despite negative election campaign rhetoric about free trade agreements, they have benefited the U.S. economy and he is optimistic Congress will...
CP Rail, Union Pacific heading in opposite directions
(Source: Financial Post, October 21, 2016) OTTAWA — Union Pacific Corp. was slapped with a downgrade as a result of falling pricing trends, but railroad peer Canadian Pacific Railway Ltd. received a vote of confidence. Full story: Financial Post
Canadian Pacific’s $347 million profit in 3Q 2016 falls short of estimates
(Source: Canadian Press, October 19, 2016) CALGARY — Canadian Pacific Railway reported a third-quarter profit of $347 million on Wednesday, topping its result a year ago, but falling short of investors’ expectations. Full story: Toronto Star
Union Pacific 3Q 2016 profit falls as freight volume drops 6 percent
(Source: Reuters, October 20, 2016) DETROIT — No. 1 U.S. railroad Union Pacific Corp on Thursday reported a lower quarterly net profit that missed expectations as freight volumes fell 6 percent and warned of continued business challenges, including a strong U.S....
AAR: Rail traffic down 4.2 percent from 2015 for week ending October 15
(Source: Association of American Railroads press release, October 19, 2016) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 15, 2016. For this week, total U.S. weekly rail traffic was 531,936...
Driver ‘flies’ into BNSF rail yard in New Mexico
(Source: News-Bulletin, October 19, 2016) BELEN, N.M. — man is still in the hospital after the car he was driving catapulted over a ditch, a fence, two trains and four railroad tracks last week. Full story: News-Bulletin
Board opposes findings of environmental assessment on possible Amtrak Hiawatha expansion
(Source: Pioneer Press, October 19, 2016) CHICAGO — In a 6-0 vote, the Glenview Board of Trustees approved on Tuesday a resolution that opposes the findings of an environmental assessment for a proposal to increase the number of trips on a Chicago to Milwaukee rail...
BNSF is 1 of 3 companies taking part in FAA drone tests
(Source: Everett Herald, October 19, 2016) EVERETT, Wash. — BNSF Railway has been getting into the aerial drone business. On Wednesday, employees of the railroad took a chartered fishing boat out into Port Gardner Bay to demonstrate how the company is using the...
Use of temp workers hinders economy
(Source: International Brotherhood of Teamsters press release, October 19, 2016) WASHINGTON, D.C. — More Americans are working today than have in years. That’s a good thing. But many companies are still trying to do an end-around when it comes to employment by using...
