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Daily Headlines
Profit up 87% at Buffett’s Berkshire, but coronavirus slows business
(Source: Associated Press, August 8, 2020) OMAHA, Neb. — Warren Buffett’s company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the...
AAR: Rail traffic down again during July and the week ending August 1, 2020
(Source: Association of American Railroads press release, August 5, 2020) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending August 1, 2020, as well as volumes for July 2020. U.S. railroads originated...
AAR: Long way to go before rail traffic returns to normal
(Source: Progressive Railroading, August 6, 2020) U.S. freight-rail combined carload and intermodal volume declined 9.3 percent to 2,337,977 units in July compared with the same month last year, according to Association of American Railroads (AAR) data. Full story:...
Las Vegas-L.A. high-speed rail line obtains additional funding
(Source: Progressive Railroading, August 5, 2020) XpressWest, a proposed project to construct a high-speed rail line that would operate between Southern California and Las Vegas, has been awarded $200 million in private activity bonds from the Nevada State Board of...
With riders coming back, Amtrak resumes Piedmont train service in North Carolina
(Source: News & Observer, August 5, 2020) RALEIGH, N.C. — The state will resume its Piedmont rail service between Raleigh and Charlotte on Monday, as demand for passenger trains rebounds in North Carolina. Full story: News & Observer
Amtrak reveals renderings of new Siemens locomotives
(Source: Railway-News, August 6, 2020) NEW YORK — Amtrak has revealed renderings as well as other information about the new diesel-electric locomotives that are set to replace the current fleet on the national network, including all of the operator’s long-distance...
State of the ports: “COVID-19’s had as large of an effect as the Great Recession”
(Source: Railway Age, August 5, 2020) NEW YORK — “Permanent changes in trade flows will likely cause the Port of LA to permanently lose about 15% of its market share to Gulf and East Coast ports, a clear negative for Union Pacific but favorable for CSX, Kansas City...
AAR says rail traffic is generally trending in the right direction for week ending August 1
(Source: Railway Age, August 5, 2020) NEW YORK — After the Association of American Railroads (AAR) reported on U.S. rail traffic for the week ended Aug. 1, 2020, as well as for July 2020, there appears to be hope in traffic volumes returning to pre-COVID-19 levels....
NJ Transit Isaias cleanup: Several lines still out, some on weekend schedules
(Source: Asbury Park Press, August 6, 2020) ASBURY PARK, N.J. — Several of NJ Transit's rail lines will stay out of service Thursday due to a combination of storm-blown trees down on rails and issues with signal systems and power lines, according to the utility. Full...
LIRR service restored after Isaias cleanup
(Source: Long Island Press, August 6, 2020) LONG ISLAND, N.Y. — The Long Island Rail Road restored service on all branches Thursday after crews cleared tracks of trees downed by Tropical Storm Isaias and repaired equipment damage. Full story: Long Island Press
