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Daily Headlines
STB: U.S. Class I workforce down in September 2019
(Source: Progressive Railroading, October 28, 2019) Class Is as of mid-September employed 136,865 people in the United States, down 1.74 percent from mid-August's level and down 7.63 percent from September 2018's count, according to Surface Transportation Board (STB)...
BNSF to launch tie replacement project on Metra line
(Source: Progressive Railroading, October 24, 2019) Metra announced yesterday that BNSF Railway Co. crews tomorrow will begin a major tie replacement project on the BNSF Line between Downers Grove and Aurora, Illinois. BNSF plans to replace 17,000 ties over 15 miles...
As Mississippi River remains high, CP Rail works to protect its tracks
(Source: Quad-City Times, October 24, 2019) DAVENPORT, Iowa — Canadian Pacific Railway was pouring rocks around the railroad tracks that span Davenport’s riverfront this week as company officials say the freighter company is protecting the roadbed from being eroded by...
Montana’s largest coal mine closes as new owner struggles with bonding
(Source: Billings Gazette, October 24, 2019) BILLINGS, Mont. — DEQ has denied an operating permit to Spring Creek Mine owner Navajo Transitional Energy Company. NTEC is wholly owned by Navajo Nation. There are concerns the tribe won't be backing mine bonds with its...
UAW-GM strike, day 40: Votes today could end strike
(Source: Detroit News, October 25, 2019) DETROIT — With the majority of United Auto Workers locals approving a new deal with General Motors Co., Friday could be the end of the longest strike against the automaker since 1970. Full story: Detroit News
Bossier merchants battle stopped trains
(Source: Television station KTBS, October 24, 2019) BOSSIER CITY, La. — The pain of waiting on a train. We've all been there. And KTBS has told you how a Louisiana law that fines railroads that block intersections for more than 20 minutes is useless. That's because...
Norfolk Southern struggles to prove PSR progress amid low volumes
(Source: Supply Chain Dive, October 24, 2019) WASHINGTON, D.C. — Though Norfolk Southern is confident it will reach a sub-60% OR by 2021 as planned, analysts were incredulous as to why the railroad is not posting incremental OR progress. While rail volumes are down...
CP Rail reports 8.7 percent rise in adjusted profit
(Source: Reuters, October 24, 2019) CALGARY — Canadian Pacific Railway reported an 8.7 per cent rise in its third-quarter adjusted profit on Wednesday, helped by strength in its intermodal unit. The country’s second-largest railroad operator said adjusted net income...
CN and CP both lower their shipment forecasts, signaling an economic slowdown
(Source: Financial Post, October 25, 2019) OTTAWA — Canada’s two railroads expect to ship less freight than previously forecast this year, signaling a larger economic slowdown given the transportation industry’s status as an economic bellwether. Full story: Financial...
Slump persists for North American rail volumes
(Source: Freight Waves, October 24, 2019) CHATTANOOGA, Tenn. — North American rail volumes are still slumping amid expectations that fourth-quarter rail traffic will remain subdued through the end of the year. Year-to-date U.S. rail volumes, which represent 73% of...
