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...
January 25, 2024 | Headlines, UP
(Source: White House Fact Sheet, January 25, 2024) Today, President Biden will visit Superior, Wisconsin, where the Blatnik Bridge connects Wisconsin and Minnesota, to announce nearly $5 billion in funding for major transportation projects across the country as part...
January 25, 2024 | AAR Freight Trends, Headlines
(Source: Railway Age, January 24, 2024) Through the first three weeks of 2024 (ending Jan. 20), total North American carload and intermodal traffic dipped 5.6% from the same point last year, the Association of American Railroads (AAR) reported Jan. 24. North American...
January 25, 2024 | Amtrak, Headlines
(Source: Progressive Railroading, January 24, 2024) The Virginia Passenger Rail Authority (VPRA) announced that more than 1.32 million passengers traveled on its state-supported Amtrak Virginia rail service in 2023, up 29.8% year over year. Full story: Progressive...
January 25, 2024 | BNSF, Headlines
(Source: BNSF press release, January 24, 2024) BNSF Railway Company (BNSF) announced its 2024 capital investment plan of $3.92 billion. BNSF’s capital investments play a key role in its ability to operate a safe and reliable network while supporting the anticipated...
January 24, 2024 | Headlines, Railroad Security
(Source: New York Times Magazine, January 23, 2024) Edward A. Hall, National President of the Brotherhood of Locomotive Engineers and Trainmen, has 28 years of seniority as a locomotive engineer for Union Pacific, first in El Paso, Texas, but mostly out of Tucson,...
January 24, 2024 | Headlines, Legislation, Railroad Safety, Train Length
(Source: KRDO.com, January 22, 2024) A new train safety bill in the Colorado legislature, if passed, would require railroads to be equipped with more safety features, limit the length and weight of trains carrying hazardous materials and will also limit the time that...
January 24, 2024 | East Palestine-NS, Headlines, Railroad Safety, TTD
(Source: America’s Workforce Union Podcast, January 22, 2024) President of the Transportation Trades Department, Greg Regan, joined the America’s Work Force Union Podcast to talk about the first anniversary of the train derailment in East Palestine, Ohio, and what...
January 24, 2024 | DOT, Headlines, High Speed Rail
(Source: U.S. Department of Transportation press release, January 23, 2024) The U.S. Department of Transportation (DOT) today announced the approval of $2.5 billion in private activity bonds authority allocated for the Brightline West High-Speed Intercity Passenger...
