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Daily Headlines
CP Rail profit beats on lower fuel expenses, higher shipments
(Source: Reuters, October 23, 2019) NEW YORK — Canadian Pacific Railway Ltd beat analysts’ estimates for quarterly profit on Wednesday, driven by lower fuel expenses and higher shipments of coal, crude and fertilizers. Full story: Reuters
CP Rail reports Q3 2019 financial results
(Source: Canadian Pacific Railway press release, October 23, 2019) CALGARY — Canadian Pacific Railway Limited today announced record third-quarter revenues of $1.98 billion, and reported diluted earnings per share (EPS) of $4.46, or $4.61 on an adjusted diluted EPS...
Northwest rail group lobbies for return of Oregon Trail Amtrak route to Boise
(Source: Spokane Public Radio, October 22, 2019) SPOKANE, Wash. — As scenic train rides go, it would be a plum ticket. Pacific Northwest passenger rail buffs are gathering in La Grande, Oregon, this Saturday to drum up support to bring back part of a long ago canceled...
Amtrak Downeaster asks Mainers to weigh in on expanded rail service
(Source: Associated Press, October 22, 2019) PORTLAND, Maine — Amtrak says it wants community input on expanding service in Maine. Amtrak's Downeaster passenger rail service asks for public input on if an expansion of its Portland area coverage is appealing to...
CSX uncovers trip plan compliance
(Source: Railway Age, October 22, 2019) NEW YORK — CSX is taking a bold transparency move. In releasing its Trip Plan Compliance performance information, it is also at the early stages of disclosing how poor logistics delivery to customers has been in the past. But,...
The MTA is prepared to blow its deadline for installing PTC
(Source: Gothamist, October 22, 2019) NEW YORK — The life-saving, federally-mandated technology the MTA was supposed to install on its commuter rail lines after two fatal crashes is not likely to be completed on time. Nabil Ghaly, president at Rail Transport...
Slow shipments from Asia could mean sluggish Christmas shopping season
(Source: The Post and Courier, October 22, 2019) CHARLESTON, S.C. — A weaker-than-normal peak shipping season for Asian businesses making goods bound for U.S. markets could be an indication of a sluggish Christmas shopping season. Full story: The Post and Courier
Railroads face major challenges to jump-start their intermodal business
(Source: Freight Waves, October 22, 2019) CHATTANOOGA, Tenn. — Not all that long ago, say 2015 to 2017, it was the best of times for the railroads’ intermodal business. These times are not like those times. The railroads have been mired in intermodal red ink all year...
Activist investor that shook up CSX sells most of its stake
(Source: Wall Street Journal, October 21, 2019) NEW YORK — The activist that shook up CSX Corp. has wound down most of its investment in the railroad operator, marking an end to a three-year saga that helped spur a massive overhaul of the U.S. railroad industry. Paul...
Canadian National sees Q3 2019 profit amid headwinds
(Source: Freight Waves, October 22, 2019) CHATTANOOGA, Tenn. — Despite a lower operating ratio and higher revenue and net profits in the third quarter, Canadian National Railway said it plans to lower its guidance for 2019 amid sluggish rail volumes and a softer North...
