November 7, 2024 | Headlines, Railroad Security
(Source: Trains.com, November 7, 2024) The Transportation Security Administration has proposed a rule that would require cybersecurity risk management and reporting requirements for some freight and passenger railroads, as well as rail transportation. The Notice of...
November 7, 2024 | Headlines, NS, PSR
Norfolk Southern rule that rail cars be inspected in less than a minute sparks safety concerns (Source: Associated Press, November 6, 2024) Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week...
November 5, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, November 4, 2024) BNSF Railway’s profits, revenue, and volume all increased for the third quarter, thanks to surging intermodal and agricultural shipments. BNSF’s parent, Berkshire Hathaway, reported on Saturday that the railroad’s quarterly...
October 31, 2024 | FRA, Headlines
(Source: Trains.com, October 25, 2024) The Federal Railroad Administration this week proposed its first regulations on automated track inspection — but has left untouched the regulations that cover traditional visual track inspections. Fearing job losses and an...
October 31, 2024 | FRA, Headlines, Technology
(Source: Trains.com, October 28, 2024) The Federal Railroad Administration today proposed more stringent requirements that railroads must meet in order to obtain safety rule waivers that allow experimentation with track and equipment inspection technology. The...
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...
