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Daily Headlines
CSX shares fall after railroad forecasts less robust revenue growth for 2019
(Source: Reuters, January 17, 2019) NEW YORK — CSX on Wednesday reported quarterly profit that topped Wall Street's expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. Full story: CNBC
CSX announces Q4 2018 and full year 2018 results, authorizes $5 billion share buyback
(Source: CSX press release, January 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced fourth quarter 2018 net earnings of $843 million, or $1.01 per share, versus $4,140 million, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same...
Amtrak is giving away free trips on its most scenic routes
(Source: Thrillist Travel, January 15, 2019) For aspiring rail riders with a knack for social media creativity, Amtrak just announced a new social media residency program that will match selected candidates with free trips on some of the most scenic long-haul rail...
Canadian Pacific Q4 2018 earnings preview
(Source: Seeking Alpha, January 13, 2019) NEW YORK — Canadian Pacific (CP) reports quarterly earnings January 23rd. Analysts expect revenue of $1.45 billion and EPS of $3.15. The revenue estimate implies a double-digit decline Y/Y. Investors should focus on the...
U.S. Rep. Blumenauer introduces short-line tax credit bill
(Source: Progressive Railroading, January 15, 2019) A bill that aims to make the short-line tax credit permanent was introduced in the U.S. House late last week. U.S. Rep. Earl Blumenauer (D-Ore.) introduced H.R. 510, which calls for permanently extending the Section...
CP ‘takes exception’ to government probe into Vancouver rail service issues
(Source: Progressive Railroading, January 15, 2019) Canadian Pacific executives are taking issue with a Canadian Transportation Agency(CTA) plan to include the Class I in a far-reaching investigation into possible freight-rail service problems in the Vancouver,...
Indiana lawmaker seeks to get around state Supreme Court ruling in an effort to ticket trains for blocked crossings
(Source: www.nwitimes.com, January 16, 2018) INDIANAPOLIS, Ind. — The Indiana Supreme Court last year ruled that local police are barred by federal law from issuing $200 tickets to railroad operators when their trains block street crossings for longer than 10 minutes....
Opinion: Amtrak riders’ group votes ‘no confidence’ in CEO Richard Anderson
(Source: Railway Age opinion column by David Peter Alan, January 14, 2019) NEW YORK — New Jersey calls itself “The Crossroads of the Revolution” in its promotional literature and advertisements. Not only was it centrally located during America’s War for Independence,...
Netflix accused of using actual footage from deadly Lac-Megantic rail disaster in its shows
(Source: Canadian Press, January 15, 2019) MONTREAL — A day after learning that a science-fiction show on Netflix used actual footage of the Lac-Megantic rail disaster, the mayor of the Quebec town said she believes images of the tragedy were used in a second Netflix...
Engineer, conductor file countersuit against NS for 2018 Georgetown crash
(Source: News-Graphic, January 15, 2019) GEORGETOWN, Ky. — Responding to allegations that a conductor and engineer caused a March 2018 train crash and derailment in Georgetown, the two men have filed a countersuit claiming the owner of the train was responsible due to...
