August 6, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, August 4, 2024) BNSF Railway boosted operating profits in the second quarter thanks to a combination of cost control and traffic volume gains. The railway on Saturday, Aug. 3, said its operating income increased 1%, to $1.8 billion, as revenue...
August 6, 2024 | Headlines, Legislation, Railroad Safety
(Source; MyChesCo.com, August 3, 2024) U.S. Senator Bob Casey (D-PA) on Thursday introduced The Rail Bridge Safety and Transparency Act, aimed at enhancing the safety of rail bridges across the nation. The bill addresses the limited oversight from the Federal Railroad...
July 31, 2024 | CPKC, Headlines, Quarterly Income
(Source: Trains.com, July 30, 2024) Canadian Pacific Kansas City had a gangbuster second quarter as merger-related traffic synergies kicked in faster than expected and boosted revenue and profits, executives said on Tuesday. CPKC’s quarterly operating income —...
July 31, 2024 | Amtrak, Headlines, Lawsuit, NS, PSR, Train Length
(Source: Associated Press, July 30, 2024) Norfolk Southern railroad has been causing chronic delays for Amtrak between New York and New Orleans by forcing the passenger trains to wait while its massive freight trains pass, the federal government said in a lawsuit...
July 31, 2024 | Amtrak, DOT, Headlines
(Source: Trains.com, July 27, 2024) Eight members of New Jersey’s congressional delegation have again written Transportation Secretary Pete Buttigieg, asking for federal intervention in the ongoing service issues on the Northeast Corridor. Full story:...
July 31, 2024 | FRA, Headlines, UP
(Source: Reuters, July 26, 2024) U.S. railroad Union Pacific interfered in a federal safety audit after employees were coached how to respond, prompting the federal rail agency to end the review, the agency and the chair of the Senate Commerce Committee said on...
July 26, 2024 | Headlines, NS, Quarterly Income
(Source: Trains.com, July 25, 2024) The railroad’s Q2 2024 results show a return to normalcy compared to last year’s second quarter, which was heavily impacted by the financial toll of the hazardous materials derailment in East Palestine, Ohio. For the second quarter...
July 26, 2024 | Headlines, Quarterly Income, Train Length, UP
(Source: Trains.com, July 25, 2024) Union Pacific’s profits rose in the second quarter despite a sharp drop in coal traffic. Quarterly operating income increased 9%, to $2.4 billion, as revenue grew 1%, to $6 billion. Earnings per share rose 7%, to $2.74. UP’s...
July 25, 2024 | Headlines, Legislation, Railroad Safety
(Source: Roll Call, July 25, 2024) Election-year politics combined with a tight legislative schedule are complicating the effort to pass rail safety legislation stemming from last year’s East Palestine, Ohio, derailment, as the bill’s main GOP supporter, Ohio Sen. JD...
July 25, 2024 | Commuter Rail, Contract Negotiations, Headlines
(Source: Fox 5 New York, July 24, 2024) Following a summer of delays and service outages, President Biden just signed an order to keep NJ Transit workers from walking off the job for at least the next few months. However, do riders still need to worry about a...
