Daily Headlines
NJ Transit board approves 15% fare hike
(Source: NBC New York, April 10, 2024) NJ Transit's board convened Wednesday to vote on what would be its first fare hike in nearly a decade, a 15% increase that would take effect on the heels of New York City's controversial congestion pricing tolls, if all goes...
$430 million improvement plan for PATH
(Source: Progressive Railroading, April 9, 2024) The Port Authority of New York and New Jersey (PANYNJ) has launched a $430 million program to upgrade stations, track and other critical equipment on the 116-year-old Port Authority Trans-Hudson Corp. (PATH) rail...
NS reaches $600 million settlement to resolve East Palestine class-action lawsuits
(Source: CNN, April 9, 2024) Norfolk Southern has reached a $600 million settlement that, if approved by a court, will resolve all class-action lawsuits within 20 miles of its 2023 East Palestine, Ohio, derailment that spilled more than a million pounds of hazardous...
Now trains must have two-person crews. Will that continue for airplanes?
(Source: Forbes, April 4, 2024) Once the Department of Transportation (DOT) on Tuesday unveiled new rules requiring two-member crews on board most freight trains, three U.S. pilot unions raised the question: Can the same policy continue for aircraft? “Requiring two...
Report urges railroads to adopt growth strategies to regain freight lost to the highway
(Source: Trains.com, April 5, 2024) Recent research on potential 2030 scenarios for North American Class I railroads shows that focusing on growth — backed by a cost-efficient and reliable operation — is the only strategy likely to lead to long-term value creation....
Logjam at Canadian ports as import surge meets rail shortages
(Source: The Load Star, April 5, 2024) A surge of imports meeting strained rail capacity has pushed up container dwell times at North American west coast ports, especially in Vancouver. Full story: The Load Star
Norfolk Southern prunes intermodal network and puts focus on operating ratio improvement
(Source: Trains.com, April 5, 2024) Norfolk Southern has pruned its intermodal network and made the operating ratio a key component of its executive compensation plans, the railroad announced yesterday amid its proxy battle with activist investor Ancora Holdings. NS...
BLET News
Daily Headlines
NJ Transit board approves 15% fare hike
(Source: NBC New York, April 10, 2024) NJ Transit's board convened Wednesday to vote on what would be its first fare hike in nearly a decade, a 15% increase that would take effect on the heels of New York City's controversial congestion pricing tolls, if all goes...
$430 million improvement plan for PATH
(Source: Progressive Railroading, April 9, 2024) The Port Authority of New York and New Jersey (PANYNJ) has launched a $430 million program to upgrade stations, track and other critical equipment on the 116-year-old Port Authority Trans-Hudson Corp. (PATH) rail...
NS reaches $600 million settlement to resolve East Palestine class-action lawsuits
(Source: CNN, April 9, 2024) Norfolk Southern has reached a $600 million settlement that, if approved by a court, will resolve all class-action lawsuits within 20 miles of its 2023 East Palestine, Ohio, derailment that spilled more than a million pounds of hazardous...
Now trains must have two-person crews. Will that continue for airplanes?
(Source: Forbes, April 4, 2024) Once the Department of Transportation (DOT) on Tuesday unveiled new rules requiring two-member crews on board most freight trains, three U.S. pilot unions raised the question: Can the same policy continue for aircraft? “Requiring two...
Report urges railroads to adopt growth strategies to regain freight lost to the highway
(Source: Trains.com, April 5, 2024) Recent research on potential 2030 scenarios for North American Class I railroads shows that focusing on growth — backed by a cost-efficient and reliable operation — is the only strategy likely to lead to long-term value creation....
Logjam at Canadian ports as import surge meets rail shortages
(Source: The Load Star, April 5, 2024) A surge of imports meeting strained rail capacity has pushed up container dwell times at North American west coast ports, especially in Vancouver. Full story: The Load Star
Norfolk Southern prunes intermodal network and puts focus on operating ratio improvement
(Source: Trains.com, April 5, 2024) Norfolk Southern has pruned its intermodal network and made the operating ratio a key component of its executive compensation plans, the railroad announced yesterday amid its proxy battle with activist investor Ancora Holdings. NS...
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