Rail Industry News
FRA releases list of railroad crossings with most incidents over last decade
(Source: Federal Railroad Administration press release, April 21, 2016) WASHINGTON, D.C. — As the next step in its ongoing efforts to increase safety at railroad crossings, the U.S. Department of Transportation’s Federal Railroad Administration (FRA) today released a...
Hunter Harrison says rail mergers will happen, but not until after he retires
(Source: Financial Post, April 21, 2016) TORONTO — The collapse of Canadian Pacific Railway Ltd.’s bid for Norfolk Southern Corp. has done nothing to dissuade the company’s outspoken CEO that railway consolidation must and will happen. Full story: Financial...
UP may cut 2016 capital expenditures
(Source: Reuters, April 21, 2016) NEW YORK — No. 1 U.S. railroad Union Pacific Corp said on Thursday that it was trimming its planned capital expenditures for 2016 by 2 percent and could further cut investments depending on demand in a weak freight market across most...
UP details 11 percent payroll cut, focus on efficiency
(Source: Omaha World-Herald, April 22, 2016) OMAHA, Neb. — Union Pacific executives said Thursday that they have trimmed the payroll by 11 percent in the past year and that they expect company workers to be even more efficient in the face of plummeting demand for...
Union Pacific logs 15% drop in 1Q 2016
(Source: Associated Press, April 22, 2016) OMAHA, Neb. — Union Pacific's first-quarter profit fell 15 percent, hit by a steep decline in the amount of freight hauled as a result of weak energy and commodity prices. The railroad based in Omaha, Neb., said Thursday that...
NS reports strong first quarter 2016 results
(Source: Norfolk Southern press release, April 21, 2016) NORFOLK, Va. — Norfolk Southern Corporation today reported financial results for first-quarter 2016. Net income for the quarter was $387 million, 25 percent higher compared with $310 million during the same...
Norfolk Southern’s 1Q 2016 profit jumps 25 percent
(Source: Associated Press, April 21, 2016) OMAHA, Neb. — Norfolk Southern’s first-quarter profit jumped 25 percent thanks to the railroad’s efforts to reduce costs 13 percent as volume slowed. The Norfolk-based railroad said Thursday it earned $387 million, or $1.29...
South Carolina looks at 2nd inland cargo hub along I-95
(Source: Post and Courier, April 20, 2016) CHARLESTON, S.C. — The State Ports Authority, aiming to capitalize on industrial growth along the Interstate 95 corridor, said Wednesday it plans to build an inland port facility at a Dillon commerce park where Harbor Freight...
NJ Transit pick changes his mind
(Source: Associated Press, April 21, 2016) NEWARK, N.J. — The man picked to lead New Jersey Transit decided he does not want the job, just days before he was scheduled to start running the nation's third-busiest commuter railroad. Full story: ABC News
California high-speed rail board to consider latest plans
(Source: Associated Press, April 20, 2016) SAN JOSE, Calif. — The board that oversees California's high-speed rail project to link Northern and Southern California is expected to consider dramatic changes at a meeting Thursday in San Jose. Full story: San Luis Obispo...
Big Business needs to pay the tax man, too
(Source: International Brotherhood of Teamsters press release, Aril 19, 2016) WASHINGTON, D.C. — This week, millions of American workers took part in an annual exercise that they loathe to do – sending a check to the federal government paying their taxes. It is a...
Political influence helped kill NS merger, CP CEO says
(Source: Canadian Press, April 20, 2016) TORONTO — Canadian Pacific Railway's proposed merger with Norfolk Southern was killed by political influence and a system that stacked the deck against a Canadian company, chief executive Hunter Harrison said Wednesday. "Is it...
CP: Railroads need future mergers to handle growth
(Source: Associated Press, April 20, 2016) OMAHA, Neb. — The CEO of Canadian Pacific still thinks railroad mergers are needed if the industry is to handle more freight, even after the company's bid for Norfolk Southern crumbled under stiff resistance. Full story: Salt...
Cuomo orders sleep apnea tests for Metro-North, LIRR workers
(Source: Associated Press, April 19, 2016) NEW YORK — Gov. Andrew M. Cuomo of New York said on Tuesday that conductors and engineers with two commuter railroads must be tested for sleep apnea, following a deadly derailment in 2013 that occurred after an engineer...
UP reports 1Q 2016 results
(Source: Union Pacific press release, April 21, 2016) OMAHA, Neb. — Union Pacific Corporation today reported 2016 first quarter net income of nearly $1.0 billion, or $1.16 per diluted share compared to about $1.2 billion, or $1.30 per diluted share, in the first...
NS statement on service reductions in Knoxville
(Source: Norfolk Southern
Norfolk Southern cutting 135 jobs in Knoxville, scaling back yard operations
(Source: Knoxville News-Sentinel, April 20, 2016) KNOXVILLE, Tenn. — About 135 Norfolk Southern jobs will be eliminated May 1 as the railroad cuts back train operations at its huge Knoxville yard because of lower rail traffic volumes, the company announced late...
Four Oaks residents do not want CSX hub
(Source: The News & Observer, April 19, 2016) FOUR OAKS, N.C. — Four Oaks, a small, rural community settled along I-95 between Smithfield and I-40 in Johnston County, is full of farms, families and churches. The town has fewer than 2,000 residents, and most like it...
Amtrak will use bus line to restore service to Wichita
(Source: Associated Press, April 18, 2016) WICHITA, Kan. — Amtrak has restored service to Wichita, although it will use buses rather than a train to connect with routes in Oklahoma City and Newton. Full story: www.salina.com
Brush fires blamed for train service disruptions near New York City
(Source: The Record, April 19, 2016) BERGEN COUNTY, N.J. — Two brush fires swept across the Meadowlands Tuesday afternoon, forcing the temporary cancellations of Amtrak and NJ Transit trains, and delays for commuters that continued throughout the evening rush hour,...
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