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Daily Headlines

PTC update: Class Is press ahead to meet implementation deadline

(Source: Progressive Railroading, October 10, 2019) With the deadline a little more than a year away, railroads continue to chip away at positive train control (PTC) implementation. The 42 roads that are subject to the federal mandate — and end-of-2020 deadline —...

Can PSR save the railroads’ third-quarter profits?

(Source: Freight Waves, October 10, 2019) CHATTANOOGA, Tenn. — As the third-quarter earnings season kicks off next week for the Class I railroads, one question will be the degree to which the railroads’ safeguard themselves against lower volumes as a result of their...

Demand for coal falls to 42-year low

(Source: CNN Business, October 10, 2019) NEW YORK — U.S. power plants are expected to consume less coal next year than at any point since President Jimmy Carter was in office, according to government forecasts released on Tuesday. Although Trump has tried to boost...

AAR: Rail traffic declines again during week ending October 5, 2019

(Source: Association of American Railroads press release, October 9, 2019) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 5, 2019. For this week, total U.S. weekly rail traffic was 515,061...

OmniTRAX acquires Winchester & Western

(Source: Herald-Mail, October 9, 2019) MARTINSBURG, W.Va. — The leaders of one of North America’s largest privately held rail-centric transportation and logistic-services companies celebrated the acquisition of Winchester & Western Railroad Co. at a reception Tuesday...

UAW-GM strike, day 24: Talks continue after downbeat note from UAW

(Source: Detroit News, October 9, 2019) DETROIT — Job security is at the center of negotiations between General Motors Co. and the United Auto Workers, locked in a nationwide strike that continued into its 24th day Wednesday. Full story: Detroit News

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