Rail Industry News
Court ruling allows Amtrak, FRA to set on-time standards
(Source: Progressive Railroading, July 23, 2018) A federal appeals court ruled last week that Amtrak and the Federal Railroad Administration (FRA) should be allowed to set their own standards for measuring on-time performance of passenger-rail service. The 2-1 ruling...
CP Rail manager guilty in case of train left on B.C. mountainside without handbrakes
(Source: CBC News, July 23, 2018) OTTAWA — A CP Rail manager faces possible jail time for his role in illegally parking a freight train carrying explosive materials on a mountain slope above Revelstoke, B.C., without proper handbrakes.. Full story: www.cbc.ca
1950s Amtrak dome car to return for leaf season
(Source: Associated Press, July 22, 2018) PORTLAND, Maine — Amtrak is bringing back a 1950s-era domed railcar that offers panoramic views for riders of a New England train. Full story: Tampa Bay Times
Metro-North’s on-time performance dips to lowest in five years while track gets repaired
(Source: The Journal News, July 23, 2018) NEW YORK — Metro-North’s on-time performance, once the envy of the nation’s commuter rails, dipped to its lowest point in at least five years last month as the railroad devotes more time to fixing track neglected for decades,...
Pedestrian killed by historic UP steam locomotive in Denver
(Source: The Denver Channel, July 22, 2018) DENVER — Investigators say the pedestrian that was struck and killed by one of Union Pacific's historic steam trains was taking pictures of the locomotive and apparently ventured too close to the tracks. Full story: The...
Hoffa joins U.S. Reps, union leaders, retirees at Town Hall to protect pensions
(Source: International Brotherhood of Teamsters press release, July 20, 2018) DETROIT — Teamsters General President Jim Hoffa joined U.S. Representatives Nancy Pelosi and Debbie Dingell, UAW International Union President Gary Jones, and hundreds of retirees and active...
Mark Janus quits state job for conservative think tank gig after landmark Supreme Court ruling
(Source: Chicago Sun-Times, July 20, 2018) CHICAGO — Less than a month after he won a Supreme Court case to preserve his First Amendment rights as a state worker not to pay union fees, Mark Janus has announced he’s quitting his job for a position with the conservative...
STB: Class I employment steady in mid-June
(Source: Progressive Railroading, July 20, 2018) As of mid-June, U.S. Class Is employed 147,282 workers, up 0.19 percent from mid-May, but down 0.9 percent from mid-June 2017, according to Surface Transportation Board (STB) data. The employment category for...
CSX train derails in Worcester, injuring engineer
(Source: www.masslive.com, July 21, 2018) WORCESTER, Mass. — A CSX freight train derailed at Worcester's Cambridge Street overpass Saturday morning, injuring its engineer. Full story: www.masslive.com
TCRC members ratify 4-year agreement with CP Rail
(Source: Teamsters Canada Rail Conference press release, July 20, 2018) LAVAL, Que. — Members of the Teamsters Canada Rail Conference (TCRC) at Canadian Pacific (CP) voted 64.7% to ratify a four-year agreement covering over 3,000 conductors and locomotive engineers....
KCS reports Q2 2018 results
(Source: Kansas City Southern press release (PDF), July 20, 2018) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record revenues of $682 million, an increase of 4% from second quarter 2017. Overall, carload volumes increased 1% compared to prior year. Second...
CP Rail climbs as investors anticipate forecast will get a boost
(Source: Bloomberg, July 19, 2018) MONTREAL — Canadian Pacific Railway Ltd. jumped to a one-month high after signaling that continued strong demand for commodities could boost the carrier’s full-year targets. Full story: Toronto Star
U.S. needs to stay in NAFTA, UP CEO says
(Source: Bloomberg, July 19, 2018) NEW YORK — Union Pacific Chief Executive Officer Lance Fritz discusses the railroad's second-quarter performance, the impact of tariffs on the U.S. economy and goods production, and plans for share buybacks. He speaks with...
Union Pacific CEO: First steel tariffs had an immediate and direct impact
(Source: CNBC, July 19, 2018) NEW YORK — In a television interview with CNBC, Union Pacific CEO Lance Fritz discusses the rail operator's quarterly earnings and the impact of the Trump administration's trade policies on the business. Full story and video: CNBC
Pension reform, 2018 election top issues at IBT Political Conference
(Source: International Brotherhood of Teamsters press release, July 18, 2018) WASHINGTON, D.C. — Teamsters from across the nation descended on Capitol Hill this week to lobby lawmakers and learn about the union’s plans to get involved and activate membership in...
Calgary-based CP Rail manager found guilty in February 2015 incident above Revelstoke
(Source: Revelstoke Mountaineer, July 18, 2018) REVELSTOKE, B.C. — A Calgary-based CP Rail manager could face up to six months in prison and be charged $50,000 in fines after being found guilty of violating the Railway Safety Act. On July 16 CP Rail manager Tim...
Labor strife hurt railway’s 2Q 2018 performance, CP says
(Source: Ottawa Citizen, July 18, 2018) OTTAWA — Canadian Pacific Railway Ltd.’s chief executive said labor negotiations and a brief worker strike slowed the company’s momentum in the second quarter and contributed to a nine percent decrease in profit. Full story:...
Union Pacific’s 2Q 2018 performance hurt by train crew shortages
(Source: Associated Press, July 19, 2018) OMAHA, Neb. — Union Pacific hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better if not for some operational challenges. UP CEO Lance Fritz...
Union Pacific reports Q2 2018 results
(Source: Union Pacific press release, July 19, 2018) OMAHA, Neb. — Union Pacific Corporation today reported 2018 second quarter net income of $1.5 billion, or a second quarter record $1.98 per diluted share. This compares to $1.2 billion, or $1.45 per diluted share,...
AAR reports rail traffic for week ending July 14, 2018
(Source: Association of American Railroads press release, July 18, 2018) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 14, 2018. For this week, total U.S. weekly rail traffic was 559,064...
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