May 10, 2024 | AAR Freight Trends, Headlines
(Source: Association of American Railroads press release, May 8, 2024) The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 4, 2024. For this week, total U.S. weekly rail traffic was 463,106 carloads and intermodal...
May 9, 2024 | Headlines, NS, PSR
(Source: Associated Press, May 9, 2024) Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away. Full...
May 9, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, May 6, 2024) BNSF Railway’s first-quarter earnings and revenue declined despite a 7% increase in freight volume. Quarterly operating income declined 7%, to $1.72 billion, as revenue declined 6%, to $5.66 billion, BNSF and its parent company,...
May 9, 2024 | Headlines, Shippers, STB
(Source: Trains.com, May 7, 2024) The Surface Transportation Board’s reciprocal switching rule for inadequate rail service is a “missed opportunity,” the National Industrial Transportation League says. The final rule, adopted last week, is designed to incentivize...
May 9, 2024 | Headlines, NS, Railroad Safety
(Source: CNN, May 8, 2024) Just more than a year after a massive derailment of a Norfolk Southern freight train led to the release of tank cars full of toxic chemicals and increased attention to the issue of railroad safety, the control of the railroad is up for grabs...
May 9, 2024 | Headlines, Mexico, UP
(Source: Trains.com, May 8, 2024) Freight train operations across the U.S.-Mexican border should be as seamless as they are across the U.S.-Canadian border, Union Pacific CEO Jim Vena told a shipper group last week. At gateways to and from Mexico, in most cases,...
May 9, 2024 | Headlines, NS, PSR
(Source: Associated Press, May 9, 2024) Norfolk Southern shareholders will decide Thursday morning (May 9) whether to back an activist investor’s bid to take over the railroad’s board and replace management. Ancora Holdings picked up significant support during the...
May 3, 2024 | BNSF, FRA, Headlines, Railroad Safety, Unions
(Source: Federal Railroad Administration press release, April 25, 2024) In a win for rail safety and rail workers, the Federal Railroad Administration (FRA) today announced that the American Train Dispatchers Association (ATDA) and BNSF Railway (BNSF) will partner...
May 3, 2024 | Headlines, PSR, STB
(Source: Surface Transportation Board press release, April 26, 2024) Surface Transportation Board Chairman Martin J. Oberman announced today that he will retire from the Board on May 10, 2024. He informed President Joseph R. Biden, Jr. of his plans by letter earlier...
May 3, 2024 | Amtrak, FRA, Headlines
(Source: White House press release, May 2, 2024) Today, President Joe Biden announced his intent to nominate the following individuals to serve as key leaders in his administration: Elaine Marie Clegg, Nominee to be a Member of the AMTRAK Board of Directors Ronald L....
