Digest: Batory joins R.J. Corman board of directors

Still more Monday morning rail news: Former FRA administrator Batory joins R.J. Corman board Ronald Batory, whose term as administrator of the Federal Railroad Adminstration ended concluded with the change of presidential administrations in January, has been named to the board of directors of the R.J. Corman Railroad Group. Batory’s 46-year career in the railroad […]

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Digest: CP derailment knocks out power to Field, B.C.

More Wednesday morning rail news: CP derailment knocks out power in Field, B.C. The community of Field, B.C., was at risk of running out of electricity Tuesday night after a Canadian Pacific grain train derailed earlier in the day, knocking out power. The CBC reports the train derailed about 1:40 a.m., taking out a power line. CP […]

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Analysis: Amtrak CEO Flynn sets company priorities for legislation

WASHINGTON —Amtrak CEO William Flynn has outlined his company’s “top five priorities that we ask Congress to address” in a letter sent to legislators last week. The letter, released by Amtrak, says those priorities are: — Emergency funding: $1.541 billion of COVID relief this year “to sustain and restore operations and recall employees” through September 30 […]

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Digest: OmniTRAX names Piacente as new CEO

More Tuesday morning rail news: OmniTRAX names Piacente as new CEO Short line and transportation company OmniTRAX has named Dean Piacente as its new CEO, effective Feb. 1. Piacente has more than 20 years’ experience as a commercial executive at CSX Transportation, and brings more than 30 years of financial planning, analysis, and expertise in […]

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Digest: BNSF train derails in Arizona, prompting lengthy ‘Southwest Chief’ delay

More Monday morning rail news: BNSF intermodal train derails in Arizona, stopping Southwest Chief No injuries were reported when a BNSF intermodal train derailed Sunday afternoon near Joseph City, Ariz., KPHO-TV reports. Photos show several double-stack well cars off the tracks, with containers overturned. The Navajo County Sheriff’s Office says the accident was reported about 1 […]

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Class I earnings expected to rise

The publicly traded Class I railroads will begin reporting their fourth-quarter and full-year financial results Thursday, when Union Pacific and CSX Transportation release their earnings. As a group, earnings for the six Class I systems are expected to rise 5.5%, according to I/B/E/S consensus estimates. That’s far better performance than is anticipated for the large […]

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