OMAHA, Neb. — Berkshire Hathaway Chairman Warren Buffett’s widely read annual letter to investors, released on Saturday alongside the company’s 2023 financial results, included a long passage on railroads in general and BNSF Railway in particular. BNSF’s revenue and profits fell last year, which Buffett termed a disappointment. But he noted that the national labor […]
OMAHA, Neb. — BNSF Railway’s revenue and profits tumbled in 2023 due to a combination of lower volume and lower revenue per carload and intermodal unit. Pre-tax earnings declined 14.2%, to $6.6 billion, as revenue declined 6.9%, to $23.4 billion, BNSF parent company Berkshire Hathaway reported on Saturday. The railway’s operating ratio increased 2.5 points […]
DENVER — A new plan released last week might finally lead to passenger rail service between Denver, Boulder, and Longmont, Colo., but not exactly as originally envisioned. That route was part of the Fastracks commuter rail plan approved by voters in 2004, but has never been built out because of a lack of funding. Now, […]
CRYSTAL LAKE, Ill. — Metra service on the Union Pacific Northwest line has been suspended today (Saturday, Feb. 24) between Crystal Lake and Harvard following a low-speed derailment this morning, WLS-TV reports. Inbound train No. 710, which was scheduled to originate at Crystal Lake at 10 a.m., had no passengers aboard when it derailed as […]
NORWALK, Conn. — The East Norwalk Station on Metro North’s New Haven line will be closed March 11-31, the Connecticut Department of Transportation has announced, to accommodate construction activity related to the WALK Bridge Replacement Project. As part of the work to replace the 128-year-old swing bridge over the Norwalk River, a new underdrain system […]
BOSTON — The Massachusetts Bay Transportation Authority has announced the March schedule for shutdowns as part of its ongoing effort to eliminate slow orders on its rail transit lines, along with scheduled work on several of its commuter rail lines. Already in progress are a group of shutdowns on the B, C, and D branches […]
CHURCHILL, Manitoba — The Canadian and Manitoba governments will provide up to C$60 million to complete work on the Hudson Bay Railway, the only year-round way of reaching the remote Port of Churchill, as well as funding the start of redevelopment of the port itself, officials announced today (Friday, Feb. 23). Churchill is Canada’s only […]
VALLEY FALLS, N.Y. — A broken rail was responsible for a derailment earlier this month that sent two cars of a train on the Berkshire & Eastern Railroad into the Hoosic River, a Genesee & Wyoming representative told WRGB-TV. The Feb. 7 derailment involved 10 cars of a 94-car train on the Pan Am Southern, […]
TORONTO — A member of the Toronto Transit Commission and Toronto city council is questioning whether the transit agency performed sufficient maintenance on the Scarborough Rapid Transit line before a July 2023 derailment that led to the premature closing of the line, the CBC reports. Council member Josh Matlow is raising his concerns based on […]
LOS ANGELES — Metrolink will receive funding from the South Coast Air Quality Management District to purchase two zero-emission rail vehicles, and to replace a dozen older locomotives with Tier 4-complient lower-emission locomotives, the commuter rail agency has announced. South Coast AQMD has approved up to $59.3 million for the zero-emission vehicles — likely to […]
ATLANTA — Americold Realty Trust will spend $127 million on a 335,000-square-foot cold storage facility in Kansas City, Mo., the first in a series of planned facilities to be located along the CPKC rail network, the company announced Thursday (Feb. 22). CPKC and Americold announced their collaboration last year, and said then that the first […]
PHILADELPHIA — Approximately 250 passengers on were stranded for about an hour this morning (Thursday, Feb. 22) when their Southeastern Pennsylvania Transportation Authority Regional Rail train was misrouted onto a de-energized track on the Northeast Corridor, KYW Radio reports. A SEPTA spokesman said the train was misrouted by Amtrak. Passengers remained on the inbound train […]
