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PRINCETON, N.J. — TRAC Intermodal has reached an agreement with Florida East Coast Railway that allows TRAC Intermodal to stage 53-foot domestic chassis directly at the Sunshine State railway’s terminals. This partnership will support FEC-controlled business and introduces a standardized domestic chassis fleet. The companies said, in an announcement on Monday, that their collaboration reflects […]
Norfolk Southern and Union Pacific have launched their new domestic interline intermodal service linking Louisville, Ky., with UP terminals via interchange at Kansas City, Kan. GE Appliances is among the anchor customers on the service, which first rolled on Oct. 20, NS said today. The railroads announced the joint service on Sept. 15, roughly six […]
WASHINGTON — Amtrak has posted a video update showing progress made to date on its $1.3 billion Connecticut River Bridge Replacement Project on the Northeast Corridor. The new span is being built next to the existing 1907 bridge that links Old Saybrook and Old Lyme, Conn. Construction began late last year, with completion eyed by […]
OMAHA, Neb. — Union Pacific plans to send Big Boy No. 4014 on a transcontinental trip next year as part of the nation’s 250th anniversary celebrations. “I want to run Big Boy across the country,” CEO Jim Vena told Trains on Thursday. Vena says that he’s had discussions with Norfolk Southern CEO Mark George about […]
ATLANTA — Norfolk Southern touted efficiency gains, strong service levels, and safety improvements as third-quarter revenue fell short of expectations and competitive pressure ratcheted up from BNSF and CSX. “Norfolk Southern delivered another quarter of strong results on safety, service, and productivity through a dynamic freight market,” CEO Mark George said today (Thursday, Oct. 23). […]
OMAHA, Neb. — Union Pacific CEO Jim Vena says shipper associations and other railroads have whipped up some whoppers about UP’s proposed acquisition of Norfolk Southern — even before their merger application has been filed with federal regulators. “It’s truly amazing that they know already what we’re putting in the merger application,” Vena quipped during […]
OMAHA, Neb. — Union Pacific was firing on all cylinders during the third quarter, as pricing gains and record workforce productivity and fuel consumption led to higher profits despite flat volume. “We are focused on driving continued improvements in our pursuit of what’s possible … Core pricing gains and continued operational efficiencies drove the strong […]
JACKSONVILLE, Fla. — Pinsly Railroad Co. CEO Ryan Ratledge has been appointed to a three-year term on the Surface Transportation Board’s Railroad-Shipper Transportation Advisory Council. “I am honored to represent Pinsly Railroad Company and small railroads across the country on the RSTAC committee,” Ratledge said in a statement released on Wednesday. “I look forward to […]
CHICAGO — Rail equipment lessor GATX Corp. on Tuesday reported lower North American profits as expenses grew faster than revenue during the third quarter. The North American rail segment profit declined 31%, to $70.7 million, as revenue increased 6.4%, to $296.5 million. The company said the decline in the segment’s profit was due to lower […]
PITTSBURGH — Wabtec on Wednesday reported stronger earnings as the equipment manufacturer’s revenue and profits grew in both its freight and transit segments. “We delivered a very strong quarter evidenced by continued growth in our backlog, sales, margin, and earnings,” CEO Rafael Santana said on the company’s earnings call. The company’s operating income increased 17%, […]
Oculus Rail, a startup company based in Norfolk, Va., wants to cure a railroad headache: Frequently blocked grade crossings that frustrate motorists and communities alike. The company aims to build a grade-crossing sensor network that can help reroute traffic and emergency vehicles around blocked crossings. Oculus Rail — which launched a smartphone app last week […]
MONTREAL — Canadian National today announced changes to its senior leadership, naming Patrick Whitehead as its chief operating officer and Janet Drysdale as chief commercial officer. Whitehead’s appointment as COO ends CN’s unique approach to developing the operating plan, planning the network of the future, and managing day-to-day operations. Traditionally railroads have a lone chief […]
