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Daily Headlines
Sarah Feinberg to serve as MTA’s interim bus and subways chief
(Source: New York Post, February 25, 2020) NEW YORK — Sarah Feinberg, a former Obama transportation official who has served on the MTA board since last year, will be the new interim chief of New York City’s buses and subways following the resignation of Andy Byford,...
Class I rail executives talk coronavirus, truck markets, crude by rail
(Source: Freight Waves, February 25, 2020) CHATTANOOGA, Tenn. — The coronavirus outbreak, truck market competition and crude-by-rail in Canada were key topics for Class I rail executives at recent investor conferences. Here’s a roundup. Full story: Freight Waves
NJ Transit, pension to get record boost in NJ governor’s budget
(Source: Bloomberg, February 25, 2020) NEWARK — New Jersey Transit would get a 29% funding boost while the state would make a record $4.6 billion pension payment under Governor Phil Murphy’s proposed budget for fiscal 2021. Murphy will seek a $589.5 million subsidy...
U.S. rails monitoring Canadian crude
(Source: Railway Age, February 24, 2020) NEW YORK — The derailment of two separate oil trains roughly two months apart near Guernsey, Sask., each spilling more than 300,000 gallons of crude onto the ground and one igniting into a smoldering inferno, plus the resulting...
Teamsters chief James P. Hoffa won’t seek reelection
(Source: Detroit News, February 21, 2020) DETROIT — James P. Hoffa on Friday signaled the end of an era for the International Brotherhood of Teamsters, telling The Detroit News he will not seek reelection just as the labor union this week makes a historic exit from...
CN, CP trains shared rail lines to keep goods flowing during blockades
(Source: CBC News, February 25, 2020) MONTREAL — Quiet talks brokered by a government desperate to stop a growing economic threat led to two rail rivals coming together with a workaround to bypass the Tyendinaga blockade site. Since last week, Canada's two largest...
Rail blockades come down in New Brunswick after CN wins injunction to stop demonstrators
(Source: CBC News, February 24, 2020) MONCTON — Wet'suwet'en supporters who set up blockades at CN Rail's tracks in Moncton on Friday and later near Harcourt have left the sites after being served with a court order. The injunction was issued on Friday when a group of...
BNSF 2019 coal revenues, volumes decline on lower natural gas prices
(Source: S&P Global Platts, February 24, 2020) HOUSTON — BNSF Railway saw a decrease in coal volumes and revenue in 2019, primarily as the result of lower natural gas prices and adverse weather conditions, the company reported Monday. The Fort Worth, Texas-based...
BNSF’s profits rise in Q4 and full-year 2019
(Source: Freight Waves, February 24, 2020) CHATTANOOGA, Tenn. — A reduction in operating expenses helped Western U.S. railroad BNSF achieve a 4% increase in fourth-quarter net profit and a 5% increase in annual net profit despite lower revenues on both a quarterly and...
U.S. rail employment tumbles
(Source: Freight Waves, February 24, 2020) CHATTANOOGA, Tenn. — Employment at the Class I railroads fell to its lowest in years, with January’s totals tumbling over 12% year-over-year. Headcount among the Class I railroads in January totaled 128,311 employees, a 12.4%...
