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ATLANTA — Norfolk Southern set fourth-quarter and annual records for revenue and profits, but expects a slowing economy and declining freight demand to produce flat revenue and earnings this year. The big unknown: Will the railroad’s ongoing service improvements allow NS to offset anticipated traffic volume declines as the economy weakens? CEO Alan Shaw, speaking […]
NEW YORK — The path to the opening of Grand Central Madison — the new Long Island Rail Road terminal in Midtown Manhattan, deep beneath Grand Central Terminal — has been long, arduous, and incredibly expensive. Now that it has arrived, officials at the Metropolitan Transportation Authority hope it will be viewed for its transformational […]
WASHINGTON — Genesee & Wyoming will spend up to $42 million to correct Clean Air Act violations regarding locomotives under an agreement announced Tuesday by the U.S. Department of Justice and Environmental Protection Agency. A complaint that was also filed Tuesday alleged that G&W and a number of its subsidiaries operated diesel locomotives with rebuilt […]
MONTREAL — Canadian National met all of its financial targets for 2022, but the railway issued a cautious outlook for this year with the expectation of a mild recession and soft traffic volumes. “Without a doubt we are in an uncertain economic time,” CEO Tracy Robinson told investors and analysts on CN’s earnings call on […]
OMAHA, Neb. — Union Pacific generated record revenue and profits last year despite the impact of crew shortages that snarled operations, hurt service, and limited traffic growth. “The fourth quarter and 2022 overall were challenging for Union Pacific and our employees. The lengthy labor negotiations tested our workforce, while customers felt the impact of our […]
WASHINGTON — Amtrak will award 11 scholarships to “advance the future of rail” through the Amtrak Scholarship Program, intended to help full-time undergraduate and graduate students who are passionate about rail. “As we continue to revolutionize the Amtrak experience, hiring to address significant demand is essential,” Amtrak Executive Vice President and Chief Human Resources Officer Qiana Spain […]
HOUGHTON, Mich. — Tracks to the Future, the summer railroad transportation and engineering program for high school students, has set the dates for two sessions of its program to be held at six college campuses across the country. The program is free to students thanks to sponsorship by the Federal Railroad Administration through a workforce […]
GENOA, Italy — RINA, a multinational inspection, certification, and engineering consulting organization, will enter the North American infrastructure market following its acquisition of Patrick Engineering Ltd., a Chicago-based engineering consulting company specializing in infrastructure, transport, and renewable energy. The acquisition announced Monday brings RINA an organization with 19 offices and 340 employees, mostly in the […]
WASHINGTON – Union Pacific has asked the Federal Railroad Administration for permission to temporarily deactivate the centralized traffic control on a 13.4-mile section of its Winnemucca Subdivision in Nevada, saying that windblown sand and soil has made the signal system unreliable. UP says it can’t make repairs until spring because the track structure is frozen […]
LOMBARD, Ill. — A few notes from the recently concluded winter meeting of the Midwest Association of Rail Shippers: Oberman’s frustrations: During his Q&A session led by Eric Jakubowski of Anacostia Rail Holdings, Surface Transportation Board Chairman Martin J. Oberman talked a bit about the processes under which the board works. One interesting note regarded […]
LAC-MÉGANTIC, Quebec —Canadian Transport Minister Omar Alghabra made an unannounced visit to the Lac-Mégantic area late last week, facing continuing resistance to some land acquisitions needed to reroute Canadian Pacific’s line around the community devastated by a 2013 derailment and fire. In a statement released after the visit on Thursday, Jan. 19, Transport Canada said […]
SAN FRANCISCO — A 1.3-mile extension of Caltrain and California’s high-speed rail line to a transit center in downtown San Francisco would cost $6.7 billion, according to a new estimate from the agency which would oversee the project. The San Jose Mercury News reports the figure from the Transbay Joint Powers Authority represents a 34% […]
