Mexican legislation seeks to reverse privatization of rail industry

Three trains at station

MEXICO CITY — Mexico’s Congress has passed legislation which would reverse railroad privatization laws enacted in the 1990s and give the government more control over rail operations, particularly in terms of passenger rail. Mexico News Daily reports the Senate passed the bill 123-0 on Wednesday. Because the legislation is a constitutional reform, it still must […]

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SEC subpoenas CSX over misstatements in financial reports

Train with blue and yellow locomotives rounds curve

JACKSONVILLE, Fla. — The Securities and Exchange Commission has subpoenaed CSX Corp. regarding misstatements in previously financial reports, CSX said in its latest quarterly filing with the government agency. CSX delayed its second-quarter financial reports by about two weeks as it reviewed accounting regarding capitalization of engineering materials and labor costs, a move the company […]

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VIA Venture slowdown limited to CN-maintained track: Analysis

Gray, yellow and black passenger train at station

MONTREAL — When safety is on the table, there can be no debate about measures taken to ensure it. So when Canadian National informed VIA Rail Canada last Friday that all Venture trainsets of less than 32 axles could not operate at track speed across highway crossings equipped with warning devices triggered by Grade Crossing […]

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Regulators approve CPKC, CSX acquisition of Meridian & Bigbee

WASHINGTON — The Surface Transportation Board has approved acquisition by Canadian Pacific Kansas City and CSX Transportation of the Meridian & Bigbee Railroad from Genesee & Wyoming, allowing the two Class I lines to create a new direct connection at Myrtlewood, Ala. The approval is effective Nov. 16, 2024. In separate decisions, the board approved […]

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Union Pacific becomes sponsor of US Speedskating

Logo of US Speedskating

OMAHA, Neb. — Union Pacific has become the official sponsor of U.S. Speedskating, the railroad announced Thursday. The four-year agreement runs through March 2028. It includes Union Pacific internship opportunities for athletes preparing for post-competition careers. The first event featuring UP as a sponsor will be part of the 2024 Short Track World Tour, Nov. […]

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Friends of EBT opens art exhibit, mine-tour path, extends railbike run

Man walking on pathway

ROBERTSDALE, Pa. — While the Friends of the East Broad Top volunteers received lots of praise for over-the-top fundraising and aggressive track restoration at the group’s recent Fall Reunion, they’re pressing ahead with a dizzying array of other projects. All of it goes hand-in-hand with the EBT Foundation’s goal of restoring an entire 33-mile narrow-gauge […]

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Weekly U.S. rail traffic back ahead of 2023 levels

Weekly table showing U.S. carload rail traffic by commodity type, plus overall intermodal volume

WASHINGTON — Weekly U.S. rail traffic rebounded into positive territory compared to 2023 for the week ending Oct. 12, after falling below previous-year levels a week earlier. According to statistics from the Association of American Railroads, the week saw 505,033 carloads and intermodal units, up 2.6% from the same week in 2023. That included 222,003 […]

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Northern Central Railway names Krieg as operations manager

Woman in cab of steam locomotive

NEW FREEDOM, Pa. — Northern Central Railway of York, a non-profit tourist excursion line, has named Jennifer Krieg as superintendent operations manager. Krieg, who joined the railway as a fireman on the lines replica 1860s-era steam locomotive, will be responsible for overseeing and maintaining that locomotive, two diesels, and eight passenger cars. “I am excited […]

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CN train derails in Saskatchewan after striking tractor

Canadian National logo

GERARD, Saskatchewan — A Canadian National intermodal train has derailed near the Manitoba border after striking a farm tractor, the Canadian Press reports. The incident occurred this afternoon (Oct. 16) at a grade crossing near Gerald, Sask. The driver of the tractor was killed, according to the Royal Canadian Mounted Police, while a CN spokeswoman […]

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CSX sees slight revenue gain, feels impacts of hurricanes

Town and rail line showing flood damage

JACKSONVILLE, Fla. — CSX faces more than $200 million in reconstruction costs as a result of Hurricanes Helene and Milton, and the income impacts of the storms will be felt in both the third and fourth quarters, executives said during the company’s quarterly earnings call today (Wednesday, Oct. 16). Chief Financial Officer Sean Pelkey said […]

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