Restoration work begins on CN 6060

Rail preservation and museum news in brief: Work begins on CN 6060 Work has begun to restore Canadian National No. 6060, the semi-streamlined 4-8-2 which had a heralded excursion career beginning in 1972 but has been inactive since 2011 and stored in Stetler, Alberta. The Rocky Mountain Rail Society is working to restore the locomotive, […]

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New England’s Pan Am Railways for sale

BILLERICA, Mass. — New England regional Pan Am Railways is for sale. The privately held company, owned by 78-year-old Tim Mellon and other investors, has enlisted BMO Financial Group to assist with a potential sale transaction, according to multiple railroad industry sources. Pan Am officials did not respond to a request for comment. Industry observers […]

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New model trains for the week of July 2, 2020

Check out the latest HO and N scale model railroad products from Accurail, Kato USA, Micro-Trains Line Co., and more! HO scale locomotives Alco RSD-5 diesel locomotive. New paint schemes: Chicago & North Western (yellow and green); Atchison, Topeka & Santa Fe (pinstripe scheme); and Southern Pacific (“black widow” scheme). Two road numbers per scheme; […]

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U.S. Steel looks to sell remaining rail operations

United States Steel Corp., which is struggling amid the steep downturn in demand, is poised to sell the remaining railroads held by its Transtar subsidiary, Trains News Wire has learned. Multiple rail industry sources say the steelmaker plans to put the Transtar lines up for sale soon. A U.S. Steel spokeswoman said the company does […]

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More Thursday rail news in brief: CSX cuts 86 from managerial ranks CSX cut 86 jobs — mostly at its Jacksonville, Fla., headquarters — last week as part of management realignment, the Jacksonville Daily Record reports. The railroad told the newspaper in a statement: “The changes followed a careful review of our management organization that […]

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CN sees growth tied to intermodal, consumers

MONTREAL — Canadian National will be ready to take advantage of economic changes that have been accelerated by the coronavirus pandemic, CEO JJ Ruest told an investor conference today. Ruest paraphrased hockey great Wayne Gretzky, saying that CN wants to head where the puck will be rather than where the puck is today. And that […]

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Class I officials say traffic shows early signs of recovery

Railroad volumes are beginning to show signs of early recovery after the sharp downturn that accompanied the coronavirus pandemic, executives from four Class I railroads told an investor conference on Tuesday. Officials from Canadian National, CSX Transportation, Kansas City Southern, and Union Pacific all said the resumption of North American auto production and its impact […]

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