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Daily Headlines
Manchin, Jenkins report productive meeting with Amtrak
(Source: The Register-Herald, April 17, 2018) BECKLEY, W.Va. — "Productive" is the word being used to describe the meeting between the president and CEO of Amtrak and Collis P. Huntington Railroad Society officials. The two sides met in Washington, D.C., Tuesday...
California high-speed rail underestimated cost of relocating utility lines beneath Fresno
(Source: Los Angeles Times, April 18, 2018) LOS ANGELES — Buried beneath Fresno were some costly surprises for the California bullet train authority, which disclosed Tuesday that the price of utility relocations along a 29-mile section of railway has surged from a...
New report suggests LIRR, NJ Transit and Metro-North should be combined into one rail system
(Source: AM New York, April 18, 2018) NEW YORK — Merging the Long Island Rail Road with the region’s other commuter rail systems is vital to supporting growth and improving access to jobs in the tristate area, according to a new report to be published Wednesday. Full...
Transcript of CSX 1Q 2018 conference call
(Source: Motley Fool, April 18, 2018) NEW YORK — Click link below to read a transcript of CSX’s first quarter 2018 earnings conference call. Full story: Motley Fool
CSX releases 1Q 2018 results
(Source: CSX press release, April 17, 2018) JACKSONVILLE, Fla. — CSX Corporation today announced record first quarter 2018 net earnings of $695 million, or $0.78 per share, versus $362 million, or $0.39 per share in the same period last year. CSX’s operating ratio for...
CSX 1Q 2018 profit jumps to $695 million
(Source: Associated Press, April 17, 2018) OMAHA, Neb. — CSX's first-quarter profit nearly doubled thanks to further cost cuts at the railroad and a restructuring that weighed on its earnings a year ago. The Jacksonville, Florida-based company on Tuesday posted net...
TCRC gives 72-hour strike notice at CP Rail
(Source: Canadian Press, April 17, 2018) CALGARY — The union representing about 3,000 conductors and locomotive engineers at Canadian Pacific Railway Ltd. says it has formally served the company with a 72-hour notice of an intent to strike. The Teamsters Canada Rail...
States risk billions in rail funding without FTA safety OK
(Source: Railway Age, April 16, 2018) NEW YORK — The Federal Transit Administration said states that miss the deadline for certifying rail safety oversight programs are risking billions of dollars in government funding. Full story: Railway Age
Investment company likes CP Rail for crude by rail opportunity amid pipeline spat
(Source: Bloomberg, April 17, 2018) NEW YORK — A C$6.9 billion ($5.5 billion) Fidelity Investments fund is adding to its position in Canadian Pacific Railway Ltd. as a pipeline spat increases the likelihood that energy companies will need rail to get their oil to...
Mudslide halts rail service between Seattle, Everett
(Source: Associated Press, April 16, 2018) SEATTLE — A 20-foot-wide mudslide on the BNSF Railway lines has shut down all commuter-rail service between Seattle's King Street Station and Everett. Full story: San Francisco Chronicle
