NORFOLK, Va. — Norfolk Southern reported record financial results on Thursday, including the railroad’s highest-ever quarterly operating income and revenue. “We once again delivered strong financial results,” CEO Jim Squires told investors and analysts on the railroad’s earnings call. Quarterly operating income, adjusted for one-time items, rose 27 percent to a record $1 billion as […]
NORFOLK, Va. — Norfolk Southern’s fourth-quarter operational improvements enabled it to store more than 300 locomotives and return 100 leased units even as the railroad hauled record volumes and gross ton-miles. NS continued to become more fluid this month, as average train speed was up 15 percent and terminal dwell was down 11 percent compared […]
PHILADELPHIA — The Solari board at 30th Street Station is to be removed this weekend. Area media have reported that the elderly device, dating back to the 1970s and noted for its click-clacking alpha-numeric split-flaps, will be replaced by a digital screen. The Solari, named for its Italian manufacturer, was the last one in use […]
See the Trains’ editors discuss all the rail news fit to publish for the week of Jan. 25, 2019. This week, Editor Jim Wrinn and Digital Editor Steve Sweeney talk about Precision Scheduled Railroading on Union Pacific, a new video short on the Cumbres & Toltec Scenic Railroad, and debris falling on passengers at Chicago […]
WILMERDING, Pa — Wabtec Corp. and GE announced today they have modified the terms of their merger agreement and today will publicly file S4 and S1 registration statements, respectively, with the U.S. Securities and Exchange Commission. The planned merger of Wabtec and GE Transportation, a business unit of GE, is expected to close by the […]
OLYMPIA, Wash. — The Washington Department of Transportation has issued a request for proposals for an operator of a 90-mile branch of a state-owned short line in eastern Washington. The Palouse & Lewiston branch is one of three sections of what’s collectively known as the Palouse River & Coulee City Railroad. The Palouse & Lewistown […]
Keith Creel, Canadian Pacific CEO Canadian Pacific CALGARY, Alberta — The Alberta government’s plan to open the province’s oil spigot by acquiring its own fleet of locomotives and tank cars raises more questions than it answers, Canadian Pacific CEO Keith Creel says. “I know that they have the best of intentions, but the reality, some […]
WASHINGTON, D.C. — U.S. Rep. Dan Lipinski, D-Ill., will serve as chairman of the House Transportation and Infrastructure Committee’s Subcommittee on Railroads, Pipelines and Hazardous Materials, according to a committee announcement Thursday. Lipinski’s subcommittee’s jurisdiction includes all federal laws and programs regulating railroad transportation, including railroad safety, rail infrastructure programs, economic regulation, and railroad labor […]
CALGARY, Alberta — Canadian Pacific posted record financial results for the fourth quarter and full year on Wednesday, propelled by robust revenue growth and spikes in potash and energy-related traffic. CEO Keith Creel said “2018 was a record by almost every measure and will be remembered as a watershed year for our company.” For the […]
CALGARY, Alberta — Canadian Pacific CEO Keith Creel does not believe that the spread of Precision Scheduled Railroading to U.S. Class I railroads will increase regulatory risk for the industry. “There’s always a risk and we have to manage that. And I think you manage that by educating the regulators as well as the customers […]
ATLANTA — With the city bracing for the arrival of a huge number of visitors for Super Bowl week, the Metropolitan Atlanta Rapid Transit Authority is anticipating anywhere from 30,000 to 90,000 additional daily riders, expanding schedules to accommodate the influx. Numerous road closures will make driving to the game a poor choice. “Please, please, […]
FRANKFORT, Ill. — Metra CEO Jim Derwinski is scheduled to appear at a town hall meeting by an Illinois state senator on safety concerns arising from a November incident at a grade crossing in Mokena, Ill. State Sen. Michael E. Hastings, D-Tinley Park, Ill., will host the Feb. 12 meeting at the Lincoln-Way East High […]
