February 1, 2023 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 31, 2023) CALGARY — Canadian Pacific Railway Limited today announced its fourth-quarter results, including revenues of $2.46 billion, operating ratio (“OR”) of 59.8 percent, adjusted OR1 of 59.1...
February 1, 2023 | CP, CP-KCS Merger, Headlines, Quarterly Income
(Source: Canadian Press, January 31, 2023) In a conference call to discuss fourth-quarter financial results, CP’s CEO Keith Creel said the Calgary-headquartered railway is in growth mode as it awaits a decision by the U.S. Surface Transportation Board. During...
February 1, 2023 | Commuter Rail, Headlines
(Source: Progressive Railroading, January 31, 2023) President Joe Biden today announced the award of $1.2 billion in grants from the new National Infrastructure Project Assistance Program (Mega) for nine projects across the country, including one to fund preparations...
February 1, 2023 | Headlines, Legislation, PSR
(Source: Freight Waves, January 31, 2023) A bill in the Iowa Legislature is seeking to restrict the length of freight trains operating in the state. The legislation was introduced in the Iowa House of Representatives on Thursday and passed a three-member subcommittee...
February 1, 2023 | CP-KCS Merger, Headlines, STB
(Source: Railway Age, January 31, 2023) The Surface Transportation Board on Jan. 27 completed a final, critical (and very lengthy) step in its consideration of the proposed Canadian Pacific-Kansas City Southern merger to form CPKC (Canadian Pacific Kansas City), North...
February 1, 2023 | Headlines, STB
(Source: Progressive Railroading, January 31, 2023) The Association of American Railroads has asked the U.S. Court of Appeals to review the Surface Transportation Board’s recent ruling on small-rate disputes. Full story: Progressive...
February 1, 2023 | Headlines, PSR, UP
(Source: Television station WQAD, January 31, 2023) DIXON, Illinois — Around 1:53 a.m. on Tuesday morning, the Lee County Sheriff’s Office learned that a Union Pacific Railroad was blocking roadways for the entire Woodland Shores subdivision west of Dixon. At...
February 1, 2023 | Commuter Rail, Headlines
(Source: Television station WPTV, January 31, 2023) Drivers in Palm Beach County could experience some travel delays in February as Brightline continues working on expanding its service to central Florida this year. The company announced it will begin testing trains...
January 31, 2023 | Headlines, Legislation
(Source: Progressive Railroading, January 30, 2023) U.S. Rep. Troy Nehls (R-Texas) has been named the new chairman of the House Transportation and Infrastructure Committee’s (T&I) Subcommittee on Railroads, Pipelines and Hazardous Materials, T&I Chairman...
January 31, 2023 | Commuter Rail, Headlines
(Source: New Jersey Transit press release, January 29, 2023) January 1, 2023 marked the 40th anniversary of NJ Transit assuming control and management of the operations of New Jersey’s commuter rail network, previously operated by Conrail under contract to NJ Transit...
