November 6, 2023 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, November 5, 2023) BNSF Railway’s profits, revenue, and volume all declined in the third quarter, parent company Berkshire Hathaway reported on Saturday. BNSF’s pre-tax earnings fell 14.6%, to $1.6 billion, as revenue declined 12.4%, to $5.6...
November 6, 2023 | CPKC, CSX, Headlines, Short Line, STB
(Source: Trains.com, November 3, 2023) Federal regulators have accepted the applications Canadian Pacific Kansas City and CSX Transportation have filed seeking permission to acquire and operate Genesee & Wyoming short line Meridian & Bigbee. The supplemental...
November 6, 2023 | Headlines, Shippers, STB, UP
(Source: Trains.com, November 3, 2023) The Surface Transportation Board has denied Union Pacific’s request to dismiss a common-carrier case filed by a small shipper in the Twin Cities. In a 3-2 decision issued Thursday, the STB also ordered the shipper, Sanimax, to...
November 3, 2023 | Amtrak, Headlines
(Source: The Hill, November 2, 2023) House Republicans are punting plans to vote on a housing and transportation government funding bill this week amid concerns from members over costs and Amtrak. Among the spending reductions outlined in a summary of the bill...
November 3, 2023 | Amtrak, BNSF, Fatality, Headlines, NTSB
(Source: Associated Press, November 2, 2023) The NTSB is focusing on BNSF’s inspection and maintenance practices after a fatal derailment in Colorado on October 15. Preliminary reports indicate a broken rail caused the crash. Poor track conditions have...
November 3, 2023 | AAR Freight Trends, Headlines
(Source: Railway Age, November 2, 2023) Total year-over-year carload and intermodal volumes for U.S. railroads rose for the second consecutive month in October 2023. U.S. Class I railroads hauled a total of 1,997,322 carloads and intermodal units in October 2023, up...
November 2, 2023 | Headlines, NTSB, Positive Train Control
(Source: Associated Press, November 1, 2023) The automatic braking system railroads were required to install several years ago needs improvement to better prevent collisions, federal safety investigators said in a report Wednesday. The National Transportation Safety...
November 2, 2023 | Headlines, PSR, STB
(Source: Freight Waves, November 2, 2023) The average number of employees working for the U.S.-based operations of the Class I railroads for the first three quarters of 2023 is roughly flat to lower compared with the same period in 2020, according to data collected by...
November 2, 2023 | Commuter Rail, Headlines, Unions
(Source: Progressive Railroading, October 20, 2023) The Southeastern Pennsylvania Transportation Authority (SEPTA) and Transport Workers Union Local 234 late last week reached a tentative agreement on a one-year contract, averting a potential strike. Full story:...
November 2, 2023 | Headlines, PSR, UP
(Source: Associated Press, November 1, 2023) Union Pacific is trimming the ranks of the railroad’s management employees as part of the new CEO’s push to eliminate layers of bosses involved in decision making. The railroad, based in Omaha, Nebraska, said Wednesday that...
