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Daily Headlines
Crude by rail vapor standards bill heads to Washington governor’s desk
(Source: S&P Global Platts, April 23, 2019) WASHINGTON — A bill that could dramatically impact roughly 150,000 b/d of crude-by-rail traffic to refineries in the Pacific Northwest has been sent to Washington Governor Jay Inslee's desk to be signed into law, but it...
STB: U.S. Class I employment fell in March
(Source: Progressive Railroading, April 23, 2019) U.S. Class Is employed 144,948 people in mid-March, down 0.58 percent compared with mid-February's level and down 0.11 percent compared with March 2018's count, according to Surface Transportation Board (STB) data. On...
CP Rail’s 1Q 2019 profit soared on higher crude revenues despite tough winter weather
(Source: Canadian Press, April 23, 2019) CALGARY, Alberta — The head of Canadian Pacific Railway Ltd. says heavy snowfall and frigid temperatures cooled the company's quarterly results, resulting in lower tonnage numbers despite a boost in profits thanks in part to...
CP Rail reports Q1 2019 results
(Source: Canadian Pacific Railway press release, April 23, 2019) CALGARY — Canadian Pacific Railway Limited today announced first-quarter revenues of $1.77 billion and reported diluted earnings per share (EPS) of $3.09, or $2.79 on an adjusted diluted EPS basis. "This...
NS furloughs more than 40 Roanoke-area workers
(Source: Roanoke Times, April 23, 2019) ROANOKE, Va. — Norfolk Southern Corp. put more than 40 Roanoke workers on leave Tuesday. Furloughs posted at Shaffer’s Crossing Locomotive Shop hit 20 electricians and 23 other positions, said Shannon Spotswood, a Vinton-based...
Norfolk Southern reports net income of $677 million in first quarter of 2019
(Source: Norfolk Southern press release, April 24, 2019) NORFOLK, Va. — First-quarter net income was $677 million, up 23 percent year-over-year, a result of a 16 percent increase in income from railway operations and an increase in other income. Diluted earnings per...
Winter Park ski train breaks ridership record with help from epic snow, adult beverages
(Source: Denver Post, April 22, 2019) DENVER — The addition of a lounge car and abundant snow at Winter Park appear to have driven a big jump in ridership for Amtrak’s Winter Park Express ski train this year. Full story: Denver Post
Lawsuits: Hyndman residents suffered eye, throat, sinus injuries after 2017 CSX derailment
(Source: Tribune-Democrat, April 23, 2019) JOHNSTOWN, Pa. — Several residents of Hyndman were injured when a CSX Transportation train carrying propane and molten sulfur derailed and caught fire in the small Bedford County borough in 2017, according to lawsuits those...
DHS announces preparedness grant opportunities
(Source: Progressive Railroading, April 22, 2019) The U.S. Department of Homeland Security (DHS) has announced fiscal-year 2019 notices of funding opportunity for more than $1.7 billion in preparedness grant programs. The programs provide grants to state, local,...
DOT announces availability of $900 million in infrastructure grant funds
(Source: U.S. Department of Transportation press release, April 22, 2019) WASHINGTON, D.C. — The U.S. Department of Transportation (DOT) has formally announced a Notice of Funding Opportunity (NOFO) to apply for $900 million in discretionary grant funding through the...
