October 26, 2023 | CPKC, Headlines, Quarterly Income
(Source: Freight Waves, October 25, 2023) CPKC reported net profit of CA$780 million (US$565 million) in the third quarter of 2023, down 12% year-over-year (y/y) from CA$891 million. Overall revenue totaled CA$3.3 billion in the third quarter, compared with CA$2.3...
October 26, 2023 | CN, Headlines, Quarterly Income
(Source: Progressive Railroading, October 25, 2023) CN yesterday reported third-quarter 2023 revenue of CA$4 billion, down 12%, and net income of CA$1.1 billion, down 24%, compared with the same period a year ago. Operating income declined 21% to CA$1.5 billion...
October 26, 2023 | AAR Freight Trends, Headlines
(Source: Railway Age, October 25, 2023) Through the first 42 weeks of 2023 (ending Oct. 21), total North American carload and intermodal traffic decreased 3.5% from the same point last year, the Association of American Railroads (AAR) reported Oct. 25. Both the U.S....
October 26, 2023 | CN, Headlines, Quarterly Income
(Source: Freight Waves, October 24, 2023) The Class I railroads are striving to collaborate more proactively and create a product that can be competitive against the truck markets, CN executives said during the Canadian railway’s earnings call Tuesday to discuss...
October 26, 2023 | CPKC, CSX, Headlines, NS, STB
(Source: Trains.com, October 26, 2023) Norfolk Southern has asked federal regulators to suspend review of the Canadian Pacific Kansas City and CSX Transportation proposal to create a new through route linking the Southeast and Mexico via Myrtlewood, Ala. Full story:...
October 26, 2023 | Headlines, Railroad Security
(Source: Progressive Railroading, October 24, 2023) The Transportation Security Administration (TSA) yesterday announced updates to three security directives regulating passenger and freight railroads to protect critical rail operations and facilities. Full story:...
October 25, 2023 | Commuter Rail, Contract Negotiations, Headlines
(Source: Philadelphia Inquirer, October 23, 2023) Locomotive engineers and conductors are holding strike votes after months of mediated talks with SEPTA have failed to produce progress toward agreements. The engineers and conductors have not received raises in about...
October 25, 2023 | Commuter Rail, Contract Negotiations, Headlines
(Source: NBC Philadelphia, October 24, 2024 The Brotherhood of Locomotive Engineers and Trainmen, a union that represents about 160 train engineers at SEPTA, also authorized a strike vote. The union claims pay for SEPTA’s engineers and conductors “is about...
October 25, 2023 | Headlines, Railroad Retirement
(Source: Railroad Retirement Board press release, October 18, 2023) CHICAGO — Most railroad retirement annuities, like social security benefits, will increase in January 2024 due to a rise in the Consumer Price Index (CPI) from the third quarter of 2022 to the...
October 25, 2023 | Headlines, Railroad Retirement
(Source: Railroad Retirement Board press release, October 18, 2023) CHICAGO — Railroad retirement annuitants subject to earnings restrictions can earn more in 2024 without having their benefits reduced due to increased limits indexed to average national wage...
