February 2, 2024 | BNSF, CSX, Headlines, NS, STB, UP
(Source: Trains.com, January 31, 2024) The Surface Transportation Board today issued a decision that extends the temporary reporting of employment data through the end of the year and that requires certain updated information from BNSF Railway, CSX, Norfolk Southern,...
January 26, 2024 | East Palestine-NS, FRA, Headlines
(Source: Federal Railroad Administration press release, January 25, 2024) WASHINGTON, D.C. – The Federal Railroad Administration (FRA) today announced a final rule to improve employee safety on freight trains transporting hazardous materials. The rule requires...
January 26, 2024 | Headlines, Quarterly Income, UP
(Source: Trains.com, January 25, 2024) Union Pacific expects muted traffic volume this year due to a combination of a slow economy, lower demand for coal, and the loss of an international intermodal contract to BNSF Railway. For the quarter, operating income was flat,...
January 26, 2024 | East Palestine-NS, Headlines, NS, Quarterly Income
(Source: Associated Press, January 26, 2024) Norfolk Southern’s fourth-quarter 2023 profit fell 33% because the cleanup costs from last year’s fiery derailment in eastern Ohio. The railroad delivered 3% more shipments during the quarter, but even without the costs...
January 26, 2024 | East Palestine-NS, Headlines, Legislation, Railroad Safety
(Source: Transport Topics, January 25, 2024) Secretary Pete Buttigieg recently pressed Congress to pass legislation that would strengthen rail safety policies. Ideally, he emphasized, congressional action on the measure would occur before the anniversary of...
January 26, 2024 | Headlines, NS, PSR
(Source: Trains.com, January 25, 2024) Norfolk Southern told employees today that it will eliminate 7% of its management and staff positions as a cost-cutting move. Full story: Trains.com
January 26, 2024 | CPKC, Headlines, Mexico, UP
(Source: Trains.com, January 25, 2024) Railroad executives will meet with U.S. and Mexican customs officials next month to discuss how they can work together to keep vital rail border crossings open amid the surge in migrants crossing the Rio Grande. Full story:...
January 26, 2024 | Amtrak, Headlines
(Source: Progressive Railroading, January 25, 2024) The U.S. Senate has confirmed attorney Anthony Coscia, Aviation Strategies President Joel Szabat, and Normal, Illinois, Mayor Christopher Koos as members of Amtrak’s board. Coscia has been Amtrak’s chairman...
January 25, 2024 | CSX, Headlines, Quarterly Income
(Source: Trains.com, January 24, 2024) For the fourth quarter of 2023, higher costs ate into CSX’s profits. The railroad’s operating income declined 10%, to $1.3 billion, as revenue declined 1%, to $3.6 billion. Earnings per share declined 8%, to 45 cents. CSX’s...
January 25, 2024 | CN, Headlines, Quarterly Income
(Source: Progressive Railroading, January 23, 2024) CN yesterday reported financial and operating results for fourth-quarter 2023. The Class I posted Q4 revenue of C$4.5 billion, down 2%; net income of C$2.1 billion, up 50%; and C$3.29 diluted earnings per share...
