July 28, 2023 | East Palestine-NS, Headlines, NS, Quarterly Income
(Source: Associated Press, July 27, 2023) The costs associated with Norfolk Southern’s fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits. The additional...
July 28, 2023 | Coal, Headlines
(Source: Reuters, July 28, 2023) U.S. railroad operators expect heatwaves across the northern hemisphere to reignite coal shipments as people crank up the air conditioning to beat the heat. Full story: Reuters
July 28, 2023 | Amtrak, Fatality, Headlines, NTSB
(Source: Montana Free Press, July 27, 2023) The National Transportation Safety Board announced Thursday that “poor track conditions” led to an Amtrak derailment near Joplin in September 2021, killing three and injuring scores more. Full story: Montana Free...
July 28, 2023 | FRA, Headlines, Train Length
(Source: Progressive Railroading, July 24, 2023) In a follow-up to its recent safety advisory on train length, the Federal Railroad Administration is calling on Class Is to report every month the number, length and weight of trains operated on their rail lines. Full...
July 21, 2023 | CSX, Headlines, Quarterly Income
(Source: Associated Press, July 20, 2023) CSX said that it earned $996 million, or 49 cents per share, during the second quarter. That’s down 15% from a year ago when the railroad’s results were helped by a $122 million land sale. Last year, CSX reported earnings of...
July 21, 2023 | CSX, Headlines, Quarterly Income
(Source: CSX press release, July 20, 2023) JACKSONVILLE, Fla. — CSX Corp. today announced second quarter 2023 operating income of $1.48 billion compared to $1.70 billion in the prior year period. Net earnings of $996 million, or $0.49 per diluted share, compared to...
July 21, 2023 | CSX, Derailment, Headlines
(Source: WHYY, July 20, 2023) Transportation experts and environmental advocates are calling for increased rail safety following Monday’s train derailment in Whitemarsh Township, Montgomery County. The CSX train, traveling on Norfolk Southern tracks, carried flammable...
July 21, 2023 | CSX, Headlines
(Source: Freight Waves, July 21, 2023) CSX is playing a long-term game when looking at encouraging shippers to switch from using trucks to using the railroads, and quantifying what that might look like could take some time, executives said during the eastern U.S....
July 21, 2023 | Amtrak, Headlines
(Source: Business Insider, July 20, 2023) Republicans in Congress are proposing slashing funding for Amtrak and other infrastructure priorities in the 2024 budget. At the same time, the passenger railroad is proposing its largest-ever expansion after Congress sent...
July 21, 2023 | Headlines, Railroad Retirement
(Source: Statement from Railroad Retirement Board Labor Member John Bragg, July 19, 2023) CHICAGO — The Office of the Labor Member is pleased to announce that our 2023 Pre-Retirement Seminar presentation is now available to view online. This program is a modification...
