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Daily Headlines
California panel OKs $91 million to boost rail service for 2028 LA Olympics
(Source: Progressive Railroading, October 19, 2018) The California Transportation Commission (CTC) yesterday allocated $91.2 million to Metrolink to advance projects aimed at boosting rail safety and service ahead of the 2028 Olympic Games in Los Angeles. Full story:...
CP Rail could beat crude oil carload record next year, CEO says
(Source: Bloomberg, October 20, 2018) CALGARY — Boom times are back for at least one company in Canada’s oil heartland. Canadian Pacific Railway Ltd. may match or exceed its record 2014 pace of 110,000 crude carloads next year as a pipeline crunch stokes demand for...
Batory to industry: “Seize the fourth quarter” to meet PTC deadline
(Source: Railway Age, October 18, 2018) NEW YORK — Federal Railroad Administrator Ron Batory on Oct. 17 completed a second series of meetings with senior leadership of Positive Train Control (PTC) system suppliers that are directly associated with the eight railroads...
Introduction to precision railroading, part 1: the industry’s savior or villain
(Source: Freight Waves, October 22, 2018) CHATTANOOGA, Tenn. — This article by FreightWaves advisor and intermodal consultant Brian Bowers is the first of three reviewing the controversial subject of precision railroading, an operational system and a management...
KCS reports Q3 2018 financial results
(Source: Kansas City Southern press release (PDF), October 19, 2018) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record revenues of $699 million, an increase of 6% from third quarter 2017. Overall, carload volumes increased 4% compared to prior year. Third...
CP Rail announces intention to launch new share repurchase program
(Source: Canadian Pacific Railway press release, October 17, 2018) CALGARY, Alberta — Canadian Pacific today announced that it intends to seek Toronto Stock Exchange (TSX) acceptance of a new normal course issuer bid. Subject to TSX acceptance, CP's Board of Directors...
NS tells Roanoke employees: Move to Atlanta could happen
(Source: Virginian-Pilot, October 18, 2018) NORFOLK, Va. — A video from CEO Jim Squires posted Thursday for employees of Norfolk Southern Corp. offered strong indications that moving the company's headquarters to Atlanta is a go, even if a number of key details are...
NJ Transit faces mounting lawsuits over 2016 Hoboken train crash
(Source: North Jersey Record, October 18, 2018) BERGEN COUNTY, N.J. — NJ Transit’s legal troubles from the 2016 Hoboken Terminal train crash are mounting. Full story: www.northjersey.com
Former St. Louis police chief now second-in-command for Amtrak police
(Source: St. Louis Post-Dispatch, October 18, 2018) WASHINGTON, D.C. — Former St. Louis Police Chief Sam Dotson has left his job as the security director for the Washington Nationals baseball team to become an assistant chief of police for Amtrak. Full story: St....
CP Rail CEO downplays impact of U.S.-China trade war
(Source: Canadian Press, October 18, 2018) CALGARY, Alberta — Canadian Pacific Railway Ltd. is downplaying the potential negative impact on its operations from a trade war between the United States and China. Full story: Globe and Mail
