Rail Industry News
Senate directing Amtrak to inspect frequent delays on Chicago-Carbondale route
(Source: Television station KVFS, July 25, 2018) CARBONDALE, Ill. — According to Illinois Senator Dick Durbin, the Amtrak route from Chicago-Champaign-Carbondale is one of the worst in the country as far as having trains arrive on time. On July 25, an amendment passed...
Teamsters speak out at Joint Select Committee pension hearing
(Source: International Brotherhood of Teamsters press release, July 25, 2018) WASHINGTON, D.C. — Today, Teamsters joined lawmakers at a hearing of the Joint Select Committee on Solvency of Multiemployer Pension Plans to make their voices heard on the need to protect...
Widowed by a train accident, woman asks railroad ‘Why are you waiting’ on PTC?
(Source: NBC Dallas-Fort Worth, July 25, 2018) DALLAS — When Claudia Souser talks about the "journey," she doesn't mean that day on Sept. 12, 2008, when her husband Doyle boarded Train 111 of the Metrolink commuter line in Los Angeles. Full story: www.nbcdfw.com
CN tops profit estimates in Q2 2018 on higher freight volumes
(Source: Reuters, July 24, 2018) MONTREAL — Canadian National Railway Co. on Tuesday reported a better-than-expected quarterly profit and raised its forecast for full-year adjusted earnings as the railroad moved higher volumes of commodities including grains and...
After a strong quarter, NS management is asked: Why aren’t you more like CSX?
(Source: Freight Waves, July 25, 2018) NEW YORK — The strong earnings report issued last week by CSX is reverberating through the quarterly release of class I railroad earnings, which is now at an end. Last week, CSX reported an operating ratio of 58.6%. Wednesday, in...
BLET urges caution on rail shipments of spent nuclear fuel
(Source: Hobbs News-Sun, July 20, 2018. Brother Scott Palmer, Chairman of the BLET’s Oregon State Legislative Board, is also Assistant Coordinator of the BLET Safety Task Force.) HOBBS, N.M. — When it’s about radioactivity or nuclear power, it’s going to be...
Permitting problems put brakes on key U.S.-Canadian transportation projects
(Source: Spokesman-Review, July 24, 2018) SPOKANE, Wash. — Degraded infrastructure, unsteady political support for financing transportation projects and regulatory differences between American states and Canadian provinces dominated discussion Monday during the...
Operation Lifesaver awards $205,525 for rail safety public awareness campaigns in 16 states
(Source: Operation Lifesaver press release, July 24, 2018) WASHINGTON, D.C. — Operation Lifesaver, Inc. (OLI), in partnership with the Federal Railroad Administration (FRA), announced that $205,525 in grants have been awarded to 16 state Operation Lifesaver programs....
CN will have more capacity on trains to deliver crude in late 2018: CEO
(Source: Reuters, July 25, 2018) MONTREAL — Canadian National Railway Co. will have more overall capacity on its trains in the back half of 2018, and it expects to take on more shipments of crude by rail, Chief Executive Jean-Jacques Ruest said on Tuesday. Full story:...
T&I Chair Shuster introduces draft of infrastructure plan
(Source: Progressive Railroading, July 24, 2018) House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) has introduced a draft of an infrastructure plan that would be funded in part by an increase fuel taxes. Full story: Progressive...
Proposal calls for CSX to pay $2.2 million following 2015 W.Va. derailment
(Source: Charleston Gazette-Mail, July 24, 2018) CHARLESTON, W.Va. — Three years after a CSX train carrying crude oil from North Dakota to Virginia derailed near the Fayette-Kanawha county line, the federal government has proposed a settlement with the company. CSX...
Metro-North to miss safety technology deadline for PTC
(Source: Poughkeepsie Journal, July 24, 2018) POUGHKEEPSIE, N.Y. — Metro-North will miss the year-end deadline to install life-saving safety technology, potentially opening itself up to penalties from the federal government. Metropolitan Transportation Authority...
FRA threatens 13 railroads with fines for delays in PTC installation
(Source: USA Today, July 24, 2018) WASHINGTON, D.C. — Despite progress installing auto-braking equipment, 13 railroads face possible fines for failing to meet Federal Railroad Administration deadlines. The agency threatened the railroads with $27,904 fines each for...
CN reports Q2 2018 financial results
(Source: Canadian National Railway press release, July 24, 2018) MONTREAL — CN today reported its financial and operating results for the second quarter ended June 30, 2018. Financial results highlights Second-quarter 2018 compared to second-quarter 2017 • Net income...
Norfolk Southern reports Q2 2018 results
(Source: Norfolk Southern press release, July 25, 2018) NORFOLK, Va. — Norfolk Southern Corporation today reported record second-quarter financial results. Net income was $710 million, up 43 percent year-over-year, a result of an 18 percent increase in income from...
‘Al Capone may have sat on them.’ Amtrak salvages history from Raleigh’s train station
(Source: News Observer, July 23, 2018) RALEIGH, N.C. — Now that passengers are catching Amtrak trains at Raleigh Union Station, the city’s old brick train depot on Cabarrus Street will soon be demolished. But not all of the 68-year-old station is headed to a landfill....
CN Board appoints interim chief Ruest as President and CEO
(Source: Canadian National press release, July 24, 2018) MONTREAL — The Board of Directors of CN today announced the appointment of Jean-Jacques Ruest as President and Chief Executive Officer of CN effective immediately. Ruest has also been appointed to CN’s Board of...
Oregon, Washington, British Columbia all on board bullet train business case study
(Source: Jefferson Public Radio, July 23, 2018) KLAMATH FALLS, Ore. — The push for a bullet train between Portland, Seattle and Vancouver, BC, is getting additional backing. The state of Oregon and Microsoft Corporation are putting money into an in-depth "business...
Mexico: The train robbery capital of the world
(Source: Bloomberg, July 24, 2018) MEXICO CITY — Head southeast out of Mexico City for about four hours or so and you will come upon the town of Acultzingo. It is an impoverished, dusty little place nestled up against the rugged peaks of the Sierra Madre. Most...
Oil industry concerned over BNSF’s move to limit retrofit tank cars
(Source: Reuters, July 23, 2018) NEW YORK — U.S. refiners and producers are seeking ways to counter efforts by BNSF Railway Co to limit use of retrofitted oil tank cars following an Iowa derailment last month, Reuters has learned. The crackdown by the country's...
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