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Daily Headlines
Canadian Pacific announces schedule and lineup for 2019 Holiday Train
(Source: Canadian Pacific Railway press release, October 16, 2019) CALGARY, Alberta — Canadian Pacific (CP) is proud to announce the performer lineup and schedule for the 2019 CP Holiday Train program. Entering its 21st year, the CP Holiday Train uses music and...
Amtrak rolls out more comfortable cars for trips out of Chicago
(Source: Chicago Sun-Times, October 16, 2019) CHICAGO — If you haven’t traveled by train in a while, Amtrak is summoning you to a new level of comfort on the rails. For coach trips on Midwestern routes, Amtrak is introducing refurbished Horizon cars that make some...
Short lines: Custom, high-growth freight service
(Source: Opinion column by Jim Blaze published at FreightWaves.com, October 15, 2019) CHATTANOOGA, Tenn. — Railroad business news seems to be all about the benefits of Precision Scheduled Railroading (PSR). That’s the name of a cost minimization business strategy...
NJ Transit graduates its newest class of locomotive engineers
(Source: www.nj.com, October 16, 2019) NEWARK, N.J. — Seven locomotive engineers graduated NJ Transit training classes Wednesday, helping to deliver on the promise of adding a total of 25 to fill the depleted ranks of train operators in New Jersey. Full story:...
Neff Yard sits nearly empty after Union Pacific announcement
(Source: Television station KSHB, October 17, 2019) KANSAS CITY, Mo. — Union Pacific's decision to transfer switching operations away from Neff Yard will lead to at least 200 people losing their jobs and far fewer trains going in and out of the once-popular freight...
UAW reaches tentative deal with GM
(Source: Detroit News, October 16, 2019) DETROIT — The United Auto Workers’ month-long strike against General Motors Co. could be nearing an end after they reached a proposed tentative agreement Wednesday that is expected to deliver base-wage increases, uncapped...
CSX Q3 2019 profit slips 4% as railroad hauls less freight
(Source: Associated Press, October 16, 2019) JACKSONVILLE, Fla. — CSX's profit declined 4% in the third quarter, but tight cost controls helped the railroad weather a 5% decline in volume. The Jacksonville, Florida, based railroad said it earned $856 million, or $1.08...
CSX announces Q3 2019 financial results
(Source: CSX press release, October 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced third quarter 2019 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year (an earnings per share increase...
Union Pacific reports Q3 2019 results
(Source: Union Pacific press release, October 17, 2019) OMAHA, Neb. — Union Pacific Corporation today reported 2019 third quarter net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.6 billion, or $2.15 per diluted share, in the third quarter...
Union Pacific Q3 2019 profit down 2% volume down 8%
(Source: Associated Press, October 17, 2019) OMAHA, Neb. — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Union Pacific and CSX railroads both reported declining profit and revenue as they hauled less...
