CALGARY, Alberta — Canadian Pacific Kansas City’s third-quarter profits and revenue increased despite the impact of the four-day work stoppage in Canada, the railway reported on Wednesday. Quarterly operating income rose 3%, to $870 million, as revenue increased 6%, to $2.56 billion. Earnings per share increased 7%, to 65 cents. CPKC’s operating ratio increased 1.2 […]
WASHINGTON — U.S. weekly rail traffic showed a modest gain for the week ending Oct. 19, 2024. According to statistics from the Association of American Railroads, volume was 510,730 carloads and intermodal units, a 1.1% increase over the same week in 2023. That includes 223,278 carloads, down 4.6% from a year ago, and 287,452 containers […]
NEW YORK — The Metropolitan Transportation Authority, which until recently said its budget was balanced through 2026, faces a budget shortfall of $211 million this year, the New York State Comptroller said in a report issued Wednesday. That would rise to $652 million by 2028, the report says, and there are variables that could make […]
SALT LAKE CITY — Stadler and the Utah Transit Authority have signed a contract calling for construction of up to 80 new light rail vehicles for UTA’s TRAX service in the Salt Lake City area. The contract signed today (Oct. 23, 2024) following approval by the UTA board of trustees includes an initial $129 million […]
MOBILE, Ala. — Two ongoing questions about Amtrak’s Gulf Coast service — when it will begin and what the New Orleans-Mobile trains will be called — remained unanswered during a Tuesday, Oct. 22, groundbreaking ceremony for a station platform and layover track in Mobile. Transportation Secretary Pete Buttigieg and Federal Railroad Administration Administrator Amit Bose […]
JACKSONVILLE, Fla. — CSX Transportation has reached new tentative five-year deals with the International Brotherhood of Electrical Workers and the National Conference of Firemen & Oilers. The railroad also announced ratification of an agreement with yardmasters represented by the International Association of Sheet Metal, Air, Rail, and Transportation Workers-Transportation Division (SMART-TD). “The new tentative agreements […]
WASHINGTON — Rail industry professionals from around the country assembled in the hearing room at Surface Transportation Board headquarters last week for the first meeting of the STB’s Passenger Rail Advisory Committee. The initial session’s purpose: to get acquainted with each other, discuss goals, and meet the four STB members to whom they will report. […]
MONTREAL — Canadian National Railway saw modest revenue gains as wildfires and a work stoppage slowed operations in the third quarter in financial results announced today (Tuesday, Oct. 22). Revenue was $2.97 billion in the quarter ending Sept. 30, up 3% from the year-ago quarter. Operating income of $1.1 billion was unchanged from a year […]
ATLANTA — Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced today (Tuesday, Oct. 22). The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union work force. “Norfolk Southern is committed to working with all of our labor unions […]
ATLANTA — Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers. The railroad announced adjusted quarterly earnings of $1.1 billion on revenues of $3.05 billion, with an adjusted operating ratio of 63.4%. […]
CHICAGO — Members of the Brotherhood of Locomotive Engineers and Trainmen have ratified an agreement setting the stage for transfer of operations from Union Pacific to Metra on three Metra commuter lines, according to a report on the BLET website. Union Pacific has been seeking to transfer operations on the UP North, Northwest, and West […]
BOSTON — The Massachusetts Bay Transportation Authority will continue its effort to address maintenance needs on its rail transit system with a series of projects in November on the Red and Green lines, as well as on three commuter rail lines. Previously announced work on the Orange Line is already in progress and is scheduled […]
