Rail Industry News
Watch CNBC’s full interview with CSX CEO Jim Foote
(Source: CNBC, March 6, 2019) NEW YORK — CNBC's "Closing Bell" team is joined by CSX CEO Jim Foote at the J.P. Morgan Aviation, Transportation, and Industrials Conference in New York City to talk about his outlook for the railroad industry. Full story: CNBC
SEPTA transit police strike enters Day 2 after union, management fail to reach deal
(Source: CBS Philadelphia, March 7, 2019) PHILADELPHIA — Members of SEPTA’s Transit Police return to the picket line at Jefferson Station Thursday morning. Nearly 200 SEPTA police officers went on strike Wednesday afternoon over pay and working conditions. They’ve...
Union Pacific CEO defends stock buybacks
(Source: CNBC, March 6, 2019) NEW YORK — Stock buybacks are under attack — but they really may just be misunderstood, Union Pacific CEO Lance Fritz suggested on Wednesday. Full story: CNBC
Canadian railway accidents went from 1,091 to 1,170 in 2018, beating the 5-year average
(Source: Canadian Press, March 6, 2019) OTTAWA — The Transportation Safety Board of Canada says the number of railway accidents increased by seven per cent last year including those involving dangerous goods, but there were fewer fatalities. There were 1,170...
Spate of derailments prompts CP Rail workers to start grim pool
(Source: Calgary Herald, March 6, 2019) CALGARY — Three significant derailments of CP trains in three days has renewed concerns about the safety of railway workers just a month after a horrific crash outside Field, B.C., killed three employees. So grim is the mood...
Railroad CEOs say U.S. economy still looks pretty good
(Source: CNBC, March 6, 2019) NEW YORK — The CEOs of two major railroad companies told CNBC on Wednesday they aren’t necessarily worried about the U.S. economy. Full story: CNBC
BNSF’s Rose: It’s about growth, not cutting
(Source: Railway Age, March 6, 2019) NEW YORK — BNSF Executive Chairman Matt Rose, nearing retirement, shared his views on the rail industry at the Railroad Financial Corporation’s annual conference in LaQuinta, Calif., on March 5. Rose talked extensively about...
Wabtec, UE reach temporary agreement to end strike while negotiations continue for up to 90 days
(Source: GoErie.com, March 6, 2019) ERIE, Pa. — There will be no picket lines Thursday morning outside Wabtec Corp. in Erie, where about 1,700 union members have been on strike since Feb. 26, the day after the merger between Wabtec and GE Transportation. Wabtec and...
Virginia transportation officials announce completion of bypass designed to alleviate Acca Yard bottleneck
(Source: Richmond Times-Dispatch, March 5, 2019) RICHMOND, Va. — Trains traveling between Richmond’s Staples Mill and Main Street stations will be a bit faster thanks to a new track bypassing a notorious 2-mile bottleneck. Virginia’s Department of Rail and Public...
Senators to reintroduce grade crossing safety act
(Source: Progressive Railroading, March 5, 2019) U.S. Sen. Chuck Schumer (D-N.Y.) and Sen. Richard Blumenthal (D-Conn.) announced they will reintroduce a bill to fund improvements to "dangerous" grade crossings. Full story: Progressive Railroading
More growth planned for UP-CP Can-Am corridor
(Source: Railway Age, March 4, 2019) NEW YORK — The past two decades have been a time of steady growth for Union Pacific’s only route to the Canadian border, running from Hinkle, Ore., north through Spokane, Wash., to Eastport, Idaho. Capacity improvements performed...
Miller withdraws from STB contention
(Source: Railway Age, March 1, 2019) NEW YORK — Former Surface Transportation Board (STB) member Deb Miller, a Kansas Democrat, has withdrawn her name from contention for renomination by President Trump to a second term. Full story: Railway Age
Explosive packages found at London airports, train station
(Source: National Public Radio, March 5, 2019) LONDON — Three small devices were sent to Heathrow Airport, London City Airport and Waterloo station that "appear capable of igniting an initially small fire when opened," London's Metropolitan Police said. No one was...
Gov. Murphy says no fare hike for NJ Transit, vows to fix agency
(Source: www.nj.com, March 5, 2019) NEWARK, N.J. — For the second straight year, Gov. Phil Murphy promised no fare increase for beleaguered NJ Transit riders in his state budget address, as long as the legislature passes his proposed fiscal year 2020 budget. Full...
PATH logs record ridership in January
(Source: Progressive Railroading, March 5, 2019) The Port Authority-Trans Hudson (PATH) handled nearly 6.5 million passengers in January, a new record for that month. Full story: Progressive Railroading
California agency says “clawback” of federal funds for bullet train “would be disastrous”
(Source: CNBC, March 4, 2019) NEW YORK — California’s high-speed rail agency on Monday asked the Trump administration to reconsider its plans to pull funding from the state’s bullet train project. It also warned that any “clawback” of federal funds already spent...
Washington state safety bill would set lower pressure standards for trains carrying oil
(Source: The Spokesman-Review, March 5, 2019) SPOKANE, Wash. — Trains carrying crude oil through Spokane and the rest of the state to Washington refineries would have to keep it under lower pressure under a bill supporters say will reduce the chance of catastrophic...
The end of an era in Lordstown, Ohio: GM to end production of Cruze today
(Source: Television station WEWS, March 6, 2019) LORDSTOWN, Ohio — It's the end of an era in Lordstown. General Motors will end production of the Chevrolet Cruze at the Lordstown assembly plant on Wednesday, two days before they previously estimated. Full story:...
Wabtec issues statement ahead of Wednesday’s negotiations
(Source: Erie News Now, March 5, 2019) ERIE, Pa. — Wabtec has issued a statement ahead of Wednesday's negotiations with the union that is representing the workers at the Lawrence Park plant who have been on strike since Feb. 26. The union wants to be sure that workers...
NJ Transit to restore full service of Atlantic City Rail Line in May
(Source: Progressive Railroading, February 28, 2019) New Jersey Transit will resume full service of the Atlantic City Rail Line (ACRL) and the Princeton Branch (Dinky) on May 24 after being closed since September 2018 for positive train control installation and...
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