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Daily Headlines
Metra adds express trains to BNSF and Rock Island lines
(Source: Streetsblog Chicago, July 29, 2020) CHICAGO — In another sign that Chicagoland transit is slowly coming back from dramatic ridership losses during the pandemic, Metra announced this week that it is adding express trains to its Rock Island and BNSF lines,...
Murphy, Blumenthal press for more money for Amtrak in stimulus bill
(Source: Connecticut Mirror, July 28, 2020) WASHINGTON, D.C. — Amtrak says it will have to make further cuts to its service and workforce –changes that will impact Connecticut riders — if Congress does not approve another $1.5 billion in emergency pandemic funds. Full...
Wabtec anticipates market rebound in second half of 2020
(Source: Freight Waves, July 28, 2020) CHATTANOOGA, Tenn. — An anticipated sequential rebound in rail volumes in the second half of 2020 should support Wabtec’s revenues in the third and fourth quarters, executives said during the company’s second-quarter earnings...
Residual effects of Hurricane Hanna to slow cross-border freight for days
(Source: Supply Chain Dive, July 28, 2020) WASHINGTON, D.C. — Hanna, which made landfall in Texas as a hurricane Saturday night, moved west Monday, dumping up to a foot of rain in southern Texas and northern Mexico and slowing border crossings. Major northbound routes...
Once Canada’s oil relief valve, rail shipping grinds to near halt
(Source: Reuters, July 28, 2020) WINNIPEG, Manitoba — After moving record-large Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars’ worth of infrastructure. Full story: Reuters
NS settles disability lawsuit for $2.5 million
(Source: Pittsburgh Post-Gazette, July 29, 2020) PITTSBURGH, Pa. — Norfolk Southern Corp. and Norfolk Southern Railway Co. have agreed to pay $2.5 million to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission,...
Norfolk Southern’s second quarter net profits fall by 46%
(Source: Freight Waves, July 29, 2020) CHATTANOOGA, Tenn. — Norfolk Southern’s net profits for the second quarter slipped 46% to $392 million, or $1.53 in diluted earnings per share, compared with $722 million, or $2.70 in diluted earnings per share, in the second...
Norfolk Southern reports Q2 2020 financial results
(Source: Norfolk Southern press release, July 29, 2020) NORFOLK, Va. — Norfolk Southern Corporation today reported second-quarter financial results. Second-quarter net income was $392 million, diluted earnings per share were $1.53 and the operating ratio was 70.7...
Portal Bridge, the bane of NJ Transit riders, is finally going to be replaced
(Source: www.nj.com, July 27, 2020) NEWARK, N.J. — The end is finally near for the cantankerous, rusty, delay-causing, 110-year old Portal Bridge. NJ Transit officials approved an agreement Monday evening, leading to construction starting next spring. Full story:...
Shippers’ group urges Senate to confirm STB nominees
(Source: Freight Waves, July 27, 2020) CHATTANOOGA, Tenn. — The Rail Customer Coalition is asking Congress to support the confirmation of two additional people to the Surface Transportation Board (STB) so that the board can reach its full member complement. STB...
