October 31, 2024 | DOT, FRA, Headlines
(Source: Federal Railroad Administration press release, October 29, 2024) The U.S. Department of Transportation’s (USDOT) Federal Railroad Administration (FRA) today announced more than $2.4 billion in Bipartisan Infrastructure Law funding for 122 rail improvement...
October 24, 2024 | CN, Headlines, Quarterly Income
(Source: CN press release, October 22, 2024) CN today reported its financial and operating results for the third quarter ended September 30, 2024. Quarterly highlights: Revenue ton miles (RTMs) of 56,548 (millions), an increase of 2%. Revenues of C$4,110 million, an...
October 24, 2024 | CPKC, Headlines, Quarterly Income
(Source: CPKC press release, October 23, 2024) Canadian Pacific Kansas City (CPKC) today announced its third-quarter results, including revenues of $3.5 billion, diluted earnings per share (EPS) of $0.90 and core adjusted combined diluted EPS of $0.99. Third-quarter...
October 24, 2024 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, October 24, 2024) Union Pacific Corporation today reported 2024 third quarter net income of $1.7 billion, or $2.75 per diluted share. This compares to 2023 third quarter net income of $1.5 billion, or $2.51 per diluted share....
October 23, 2024 | East Palestine-NS, Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, October 22, 2024) Norfolk Southern Corporation announced Tuesday its third quarter 2024 financial results. For the quarter, income from railway operations was $1.6 billion, the operating ratio was 47.7%, and diluted earnings...
October 23, 2024 | CPKC, CSX, Headlines, Mexico, STB
(Source: Supply Chain Dive, October 22, 2024) A new CSX and Canadian Pacific Kansas City interchange will connect shippers to Mexico, Texas and the Southeast U.S., according to an Oct. 17 press release. The two railroads received approval from the Surface...
October 17, 2024 | CSX, Headlines, Quarterly Income
(Source: CSX press release, October 16, 2024) CSX Corp. today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or...
October 7, 2024 | Headlines, Legislation, Railroad Safety
(Source: Trains.com, October 2, 2024) A New Jersey state senate committee has approved a bill that would require two-person crews for freight trains and set a maximum length of 8,500 feet for “dangerous hazardous trains.” Full story: Trains.com
October 7, 2024 | Derailment, Headlines, NS, NTSB, Train Length
(Source: Progressive Railroading, October 3, 2024) The National Transportation Safety Board (NTSB) has determined the probable cause of a March 2023 train derailment of a Norfolk Southern Railway train in Alabama was the combination of the coupling together of two...
October 1, 2024 | CSX, Headlines, Weather
(Source: Trains.com, September 28, 2024) CSX Transportation’s ex-Clinchfield Railroad mainline has seen devastating impacts from Hurricane Helene’s once-in-a-generation flood. It is still too early to determine the full extent of damages, but photos along the famed...
