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Daily Headlines
CSX announces 2Q 2016 earnings
(Source: CSX press release, July 13, 2016) JACKSONVILLE, Fla. — CSX Corporation today announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of last year. Highlights: • Delivered...
CSX 2Q 2016 profit down 20 percent as rail volume slows 9 percent
(Source: Associated Press, July 13, 2016) OMAHA, Neb. — CSX Corp. reported a nearly 20 percent drop in second-quarter profit as freight volume slowed 9 percent, but the railroad beat expectations by cutting expenses and raising rates where it could. Full story: New...
BNSF says ‘Pokemon Go’ game is putting players at risk in Tulsa
(Source: WFTV, July 13, 2016) TULSA, Okla. — The Burlington Northern Santa Fe Railway (BNSF) is issuing a warning to "Pokemon Go" players in the Tulsa, Oklahoma, area. BNSF Regional Spokesman Joe Sloan said the company is having problems with people walking into their...
The changing of the guard among Class 1 railroad CEOs continues
(Source: Progressive Railroading, July 12, 2016) The changing of the guard among Class I chief executive officers continued last month. CN President and CEO Claude Mongeau stepped down June 30 due to issues with his health and the position’s demands. Full story:...
US, Canadian freight rail regulators meet in Ottawa
(Source: Progressive Railroading, July 12, 2016) U.S. Surface Transportation Board (STB) Chairman Daniel Elliott III yesterday met with Canadian Transportation Agency (CTA) Chairman and Chief Executive Officer Scott Streiner to discuss ways the two agencies can work...
High-speed rail backers tour Fresno, Madera construction sites
(Source: Fresno Bee, July 12, 2016) FRESNO, Calif. — A small contingent of high-speed rail supporters from Los Angeles spent Tuesday morning getting a firsthand look at construction in Fresno and Madera on the first stages of the state’s bullet-train project. Full...
Christie’s transportation order halts plenty of NJ Transit projects
(Source: CBS New York, July 12, 2016) RUTHERFORD, N.J. — New Jersey Gov. Chris Christie’s executive order to stop all state-funded transportation projects will, some say, put a huge strain on New Jersey’s roads. But NJ Transit’s budget is at risk as well. Full story:...
Editorial: SEPTA trains looked like trouble long before they arrived
(Source: Editorial in the Philadelphia Inquirer, July 13, 2016) PHILADELPHIA — The wholesale failure of SEPTA's new commuter railcars has been inconvenient, unsettling, and, to the extent transit officials cast it as the public's problem rather than theirs,...
Marine sues Union Pacific, says he was fired after his deployment
(Source: Omaha World-Herald, July 13, 2016) OMAHA, Neb. — A former Union Pacific manager and U.S. Marine Corps reservist has sued the Omaha-based railroad, saying he was demoted and eventually fired because he was away from work for five months on a military...
Teamsters increase strike benefits
(Source: International Brotherhood of Teamsters press release, July 12, 2016) WASHINGTON, D.C. — International Brotherhood of Teamsters General President Jim Hoffa and General Secretary-Treasurer Ken Hall today announced that strike benefit increases approved by...
