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Daily Headlines
Proposal calls for CSX to pay $2.2 million following 2015 W.Va. derailment
(Source: Charleston Gazette-Mail, July 24, 2018) CHARLESTON, W.Va. — Three years after a CSX train carrying crude oil from North Dakota to Virginia derailed near the Fayette-Kanawha county line, the federal government has proposed a settlement with the company. CSX...
Metro-North to miss safety technology deadline for PTC
(Source: Poughkeepsie Journal, July 24, 2018) POUGHKEEPSIE, N.Y. — Metro-North will miss the year-end deadline to install life-saving safety technology, potentially opening itself up to penalties from the federal government. Metropolitan Transportation Authority...
FRA threatens 13 railroads with fines for delays in PTC installation
(Source: USA Today, July 24, 2018) WASHINGTON, D.C. — Despite progress installing auto-braking equipment, 13 railroads face possible fines for failing to meet Federal Railroad Administration deadlines. The agency threatened the railroads with $27,904 fines each for...
CN reports Q2 2018 financial results
(Source: Canadian National Railway press release, July 24, 2018) MONTREAL — CN today reported its financial and operating results for the second quarter ended June 30, 2018. Financial results highlights Second-quarter 2018 compared to second-quarter 2017 • Net income...
Norfolk Southern reports Q2 2018 results
(Source: Norfolk Southern press release, July 25, 2018) NORFOLK, Va. — Norfolk Southern Corporation today reported record second-quarter financial results. Net income was $710 million, up 43 percent year-over-year, a result of an 18 percent increase in income from...
‘Al Capone may have sat on them.’ Amtrak salvages history from Raleigh’s train station
(Source: News Observer, July 23, 2018) RALEIGH, N.C. — Now that passengers are catching Amtrak trains at Raleigh Union Station, the city’s old brick train depot on Cabarrus Street will soon be demolished. But not all of the 68-year-old station is headed to a landfill....
CN Board appoints interim chief Ruest as President and CEO
(Source: Canadian National press release, July 24, 2018) MONTREAL — The Board of Directors of CN today announced the appointment of Jean-Jacques Ruest as President and Chief Executive Officer of CN effective immediately. Ruest has also been appointed to CN’s Board of...
Oregon, Washington, British Columbia all on board bullet train business case study
(Source: Jefferson Public Radio, July 23, 2018) KLAMATH FALLS, Ore. — The push for a bullet train between Portland, Seattle and Vancouver, BC, is getting additional backing. The state of Oregon and Microsoft Corporation are putting money into an in-depth "business...
Mexico: The train robbery capital of the world
(Source: Bloomberg, July 24, 2018) MEXICO CITY — Head southeast out of Mexico City for about four hours or so and you will come upon the town of Acultzingo. It is an impoverished, dusty little place nestled up against the rugged peaks of the Sierra Madre. Most...
Oil industry concerned over BNSF’s move to limit retrofit tank cars
(Source: Reuters, July 23, 2018) NEW YORK — U.S. refiners and producers are seeking ways to counter efforts by BNSF Railway Co to limit use of retrofitted oil tank cars following an Iowa derailment last month, Reuters has learned. The crackdown by the country's...
