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Daily Headlines
Virginia is planning an east-west passenger rail route connecting Blue Ridge Mountains to the beach
(Source: Greater Greater Washington, October 16, 2019) WASHINGTON, D.C. — Passenger rail advocates and other groups want to resurrect a long-defunct east-west rail line that would run from the Blue Ridge Mountains to Virginia Beach. In its recent report, Virginians...
Illini and Saluki Amtrak routes among worst-performing in U.S., report says
(Source: Chicago Tribune, October 17, 2019) CHICAGO — Amtrak's Illini and Saluki trains have among the worst on-time performance records in the nation, according to a federal watchdog organization. Full story: www.jg-tc.com
Amtrak’s disappearing dining cars
(Source: Railway Age, October 17, 2019) NEW YORK — Amtrak is no longer running dining cars on its trains east of Chicago and New Orleans. This is a sad development in the downward slide of Amtrak’s long-distance trains, especially under CEO Richard Anderson’s...
Tentative UAW-GM deal calls for raises, ratification bonus, Lordstown closure, pathway for temps
(Source: Detroit Free Press, October 17, 2019) DETROIT — According to a summary of the UAW's proposed tentative contract with General Motors, the union won on many of its goals, including a path to permanent employment for temporary autoworkers, a faster route to top...
UP Q3 coal transportation volumes fall 17% on year
(Source: S&P Global Platts, October 17, 2019) HOUSTON — Union Pacific's coal and coke transportation volumes fell 17% year on year in the third quarter of 2019, driven by soft market conditions, contract changes, retirements and lower natural gas prices, the railroad...
Trade war hurts UP’s profit; Railroad plans to cut more jobs, reduce spending
(Source: Reuters, October 17, 2019) NEW YORK — Railroad operator Union Pacific Corp. on Thursday reported quarterly profit that missed analysts’ estimates and said it would cut capital spending and jobs as the multi-front U.S. trade war worsens an industry-wide...
UP sees workforce down by about 4,200 employees this year
(Source: Market Watch, October 17, 2019) NEW YORK — Union Pacific Corp. Chief Financial Officer Robert McKnight said Thursday in a conference call with analysts following third-quarter results, that 2019 workforce levels are expected to be down "slightly more than...
U.S. rail volumes still falling
(Source: Freight Waves, October 17, 2019) CHATTANOOGA, Tenn. — Year-to-date U.S. rail volumes continue to be lower compared with the same period in 2018 amid persistent economic uncertainty. For the week ending October 12, the U.S. operations of the Class I railroads...
AAR: Rail traffic down again for week ending October 12, 2019
(Source: Association of American Railroads press release, October 16, 2019) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 12, 2019. For this week, total U.S. weekly rail traffic was 510,820...
Kansas City Southern reports Q3 2019 results
(Source: Kansas City Southern press release (PDF), October 18, 2019) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record revenues of $747.7 million, an increase of 7% from third quarter 2018. Overall, carload volumes were flat compared to prior year. Third...
