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Daily Headlines

AAR: Rail traffic declines again for week ending October 19, 2019

(Source: Association of American Railroads press release, October 23, 2019) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 19, 2019. For this week, total U.S. weekly rail traffic was 507,381...

Senator Durbin pushes to improve Amtrak on-time performance

(Source: Television station WSIL, October 23, 2019) CHICAGO — U.S. Senator Dick Durbin (D-IL) sent letters to Amtrak and the Federal Railroad Administration (FRA) to keep pressure on both agencies to figure out a way to improve on-time performances -- especially on...

Rail group celebrates big win for QC-Chicago Amtrak line

(Source: Television station WQAD, October 23, 2019) CHICAGO — The High-Speed Rail Alliance, formerly the Midwest High-Speed Rail Association, held its Fall Meeting Wednesday, October 23. The group, which supports rail projects across the state, discussed the new...

We are in a freight recession

(Source: Railway Age, October 23, 2019) NEW YORK — No news is good news—or at least that’s how it seems when the Association of American Railroads (AAR) reports on U.S. rail traffic. But according to some industry analysts, the U.S. Class I freight rail industry is in...

Norfolk Southern confident it can reach 2021 operating ratio target

(Source: Freight Waves, October 23, 2019) CHATTANOOGA, Tenn. — Despite facing macroeconomic headwinds in the fourth quarter and into 2020, Norfolk Southern’s leaders insist that the eastern U.S. railroad will reach a target operating ratio (OR) of 60% by 2021. Full...

NS coal traffic drops in Q3 2019 on weak global competition

(Source: S&P Global Platts, October 23, 2019) HOUSTON — Norfolk Southern railroad reported lower coal volumes in the third quarter, driven by a weak global market and domestic utility competition, executives said Wednesday. Coal volumes totaled 218,700, down 15% from...

Norfolk Southern stock falls after revenue falls shy of expectations

(Source: MarketWatch, October 23, 2019) NEW YORK — Shares of Norfolk Southern Corp. slid 2.1% in premarket trading Wednesday, after the railroad operator reported a decline in third-quarter earnings and revenue that fell a bit more than expected, as misses in its coal...

Canadian National cuts full-year adjusted profit outlook on lower demand

(Source: Reuters, October 23, 2019) MONTREAL — Canadian National Railway Co. on Tuesday cut its adjusted profit forecast for the year and said it expects the first half of 2020 to be “challenging” as freight demand in North America takes a hit from a weakening...

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