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Daily Headlines
CSX Director sells $1.478 million in company stock
(Source: Market Beat, July 24, 2020) NEW YORK — CSX Director John J. Zillmer sold 20,500 shares of the firm's stock in a transaction that occurred on Friday, July 24. The stock was sold at an average price of $72.13, for a total transaction of $1,478,665.00. Following...
Union Pacific signals caution as U.S. COVID-19 infections surge
(Source: Reuters, July 23, 2020) NEW YORK — Union Pacific Corp. on Thursday signaled caution on the U.S. economic recovery as a spike in COVID-19 infections forces cities and states to backtrack on plans to reopen businesses that were shuttered to contain the...
CSX views 2020’s second half with guarded optimism
(Source: Freight Waves, July 23, 2020) CHATTANOOGA, Tenn. — CSX is “cautiously optimistic” about volumes in the second half of 2020, noting that while volumes have rebounded significantly in recent weeks, the coronavirus, the election and overall economic uncertainty...
FRA reorganizes rail safety office
(Source: Progressive Railroading, July 24, 2020) The Federal Railroad Administration's (FRA) Office of Railroad Safety has completed a yearlong reorganization to improve the regulation of railroad safety, regulators announced in the agency's newsletter. Full story:...
Amtrak passengers now face removal from trains for not wearing masks
(Source: USA Today, July 23, 2020) WASHINGTON, D.C. — Amtrak on Thursday joined U.S. air carriers in tightening face mask requirements, saying passengers could be removed or banned from its trains for non-compliance. Full story: USA Today
Canada’s crude by rail exports fall to four-year low
(Source: Canadian Press, July 22, 2020) CALGARY — Canadian exports of crude by rail plunged by 63 per cent in May compared with April as North American fuel demand dropped due to measures taken to control the COVID-19 pandemic. Full story: www.cbc.ca
Metra asks STB to intervene in UP service dispute
(Source: Progressive Railroading, July 22, 2020) Metra yesterday asked the Surface Transportation Board (STB) to issue a preliminary injunction to prevent Union Pacific Railroad from taking steps that the Chicago commuter railroad says would "degrade or halt" service...
KCS EVP & COO Jeff Songer sells $707,500 in company stock
(Source: Smarter Analyst, July 22, 2020) NEW YORK — Yesterday, the EVP & COO of Kansas City Southern, Jeffrey Songer, sold shares of KSC for $707,500.00. Full story: Smarter Analyst
Rail traffic continues to slide
(Source: Railway Track & Structures, July 23, 2020) NEW YORK — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 18, 2020. For this week, total U.S. weekly rail traffic was 481,597 carloads and intermodal units, down...
Class Is employed fewer people in June
(Source: Progressive Railroading, July 22, 2020) Class Is employed 116,128 workers in mid-June, down 2.31 percent from May's employment levels and down 17.99 percent year over year, according to Surface Transportation Board (STB) data. All employment categories logged...
