Rail Industry News

(Source: www.nj.com, October 18, 2017) NEWARK, N.J. — Angry commuters who say that their rush hour train has been canceled over a span of two weeks will have a train to board on Wednesday, NJ Transit says. Full story: www.nj.com

(Source: Railway Age, October 18, 2017) NEW YORK — At CSX’s third-quarter 2017 earnings call, President and CEO E. Hunter Harrison acknowledged the railroad’s recent service problems, but insisted that CSX has recovered and is in better shape operationally than when...

(Source: CBC News, October 18, 2017) MONTREAL — The former Montreal, Maine and Atlantic (MMA) employee in charge of training and safety in Quebec said only two rail companies were allowed to operate trains with one-man crews at the time of the Lac-Mégantic tragedy in...

(Source: Reuters, October 18, 2017) NEW YORK — CSX Corp, the No. 3 U.S. railroad operator, will slash the number of locomotives served by a long-term maintenance agreement, a move that cuts service bills under the agreement by some $3.3 billion, company filings showed...

(Source: Business News Network, October 18, 2017) TORONTO — CP Rail Chief Executive Officer Keith Creel thinks consolidation will inevitably come to the rail industry in the coming years, as organic growth opportunities grind to a standstill. Full story: www.bnn.ca

(Source: International Brotherhood of Teamsters press release, October 17, 2017) WASHINGTON, D.C. — It goes without saying that within the past month, Teamsters Local 901 in Puerto Rico has been through quite the ordeal. Hurricane Maria left their headquarters without...

(Source: Progressive Railroading, October 17, 2017) Amtrak has hired Timothy Griffin as executive vice president and chief marketing officer, the national passenger railroad announced yesterday. Full story: Progressive Railroading

(Source: Progressive Railroading, October 17, 2017) China Railway Rolling Stock Corp.'s (CRRC) new rail-car plant in Springfield, Massachusetts, is expected to be completed by winter, the Massachusetts Bay Transportation Authority (MBTA) announced late last week. Full...

(Source: Curbed Washington D.C., October 16, 2017) WASHINGTON, D.C. — By mid-2019, there are hopes to have a bullet train route between Washington, D.C., and Baltimore, Maryland, approved with designs completed later that year. If approved, the route would allow...

(Source: The Telegraph, October 17, 2017) MACON, Ga. — The Bronsan Yard name sees about 10,000 train cars a week glide through on its rails. Some 300 people work there. But unless you know it is there or have some reason to venture beyond Seventh Street below Central...

(Source: www.nj.com, October 17, 2017) NEWARK, N.J. — NJ Transit trains are breaking down more in 2017 than they did in 2016, according to the agency's data, and are running fewer miles between failures than trains on the Long Island Rail Road or on Metro North. Full...

(Source: Railway Age, October 17, 2017) NEW YORK — Railroad shippers are anticipating price increases averaging 3.2% over the next 6-12 months, according to Cowen and Company’s Third-Quarter 2017 Rail Shipper Survey. This is a 20 basis point sequential increase from...

(Source: CNBC, October 17, 2017) NEW YORK — The aggressive overhaul of CSX by CEO Hunter Harrison faced a number of setbacks last quarter, company executives said on a conference call with investors Tuesday. Full story: CNBC

(Source: Associated Press, October 17, 2017) JACKSONVILLE, Fla. — CSX Corp. reported third-quarter earnings that met expectations, but its revenue took a hit as the company suffered service delays while overhauling its operations. Full story: Los Angeles Times

(Source: Canadian Pacific Railway press release, October 17, 2017) CALGARY, Alberta — Canadian Pacific Railway Limited today announced third-quarter adjusted diluted earnings per share (EPS) of $2.90, an increase of 6 percent, and revenue grew 3 percent to $1.6...

(Source: Reuters, October 17, 2017) NEW YORK — Railroad operator Canadian Pacific Railway Ltd. on Tuesday reported a better-than-expected quarterly profit on higher shipments of crude oil, coal and potash and raised its full-year profit forecast. The company now...

(Source: International Brotherhood of Teamsters press release, October 16, 2017) WASHINGTON, D.C. — At the fourth round of NAFTA renegotiation, the International Brotherhood of Teamsters dispatched staff from both its U.S. and Canadian trade policy teams to track and...

(Source: Associated Press, October 17, 2017) SPOKANE, Wash. — Opponents have raised about $151,000 to defeat a Spokane ballot measure that would fine railroad operators for certain coal and crude oil rail shipments through the city's downtown core. Full story:...

(Source: Baltimore Sun, October 16, 2017) BALTIMORE, Md. — Two members of the Baltimore City Council want to ban new crude oil terminals from the city as part of an effort to limit the number of oil trains traveling through the area. Full story: Baltimore Sun

(Source: Huffington Post, October 16, 2017) LIVINGSTON, Mont. — For 25 years, Bill Phillips toiled as a machinist in the rail yard here — a fancy title, he jokes, for someone whose job was to play in the muck. Now 77 and suffering from asbestosis, a scarring of the...