FORT WORTH, Texas — BNSF Railway’s third-quarter profits increased on the strength of higher intermodal, industrial products, and coal volume. The railroad’s operating income grew 12%, to $2.6 billion, as revenue increased 12%, to $5.5 billion, BNSF’s parent company, Berkshire Hathaway, reported on Saturday morning. The railroad’s operating ratio improved 0.2 points to 59.5% as […]
WASHINGTON — Major rail groups have applauded Friday’s passage of a major infrastructure bill by the U.S. House of Representatives which will include major funding for freight and passenger projects. The bill now goes to President Joe Biden for his signature. The $1.2 trillion bill includes $550 billion in entirely new investments, the Washington Post […]
LAC-MÉGANTIC, Quebec — Negotiations for purchase of the land needed to build a rail bypass around Lac-Mégantic and the surrounding area have begun, Transport Canada reports. The submission of the first offers is part of an ongoing process of rerouting the Canadian Pacific main line away from the community devastated by the 2013 derailment and […]
NOBLE, Okla. — An Oklahoma family has filed suit against BNSF Railway, saying the railway is at fault for the death of a family member, who died of a heart attack when emergency vehicles were unable to respond because a stopped train blocked the only entrance to their street. KFOR-TV reports Larry Gene Byrd died […]
CHARLESTON, W.Va. — Industrial manufacturing is on the rise and the demand for U.S. steel is driving steel prices and railcar loadings above pre-pandemic levels, but don’t expect U.S. steelmakers to open idled operations. According to the Association of American Railroads’ weekly railcar traffic report, shipments of metallic ores and metals were up to 22,369 […]
The proposed merger of Canadian Pacific and Kansas City Southern – the first combination of Class I systems in two decades, and likely the last – should win favor in Washington. After all, their comprehensive merger application checks all of the Surface Transportation Board’s boxes. More rail competition? Canadian Pacific Kansas City has that in […]
WASHINGTON — CSX Transportation and Norfolk Southern say addition of Amtrak trains along the Gulf Coast would cause a “systematic failure” in their ability to provide freight service, based on traffic modeling, and would “devastate first-mile last-mile service to freight customers in the region,” according to a filing with the Surface Transportation Board. But while […]
Canadian Pacific and Kansas City Southern have scheduled special stockholder meetings for votes on their proposed merger. Both meetings will be conducted online. CP will go first, on Dec. 8 at 11 a.m. EST, for shareholders to vote on the issuance of CP common shares for KCS stockholders. All shareholders of CP common stock as […]
WASHINGTON — Intermodal issues continued to weigh on U.S. rail volume in October, as a 7.9% drop in intermodal traffic led to an overall decline of 2.8%, according to the latest figures from the Association of American Railroads. The overall drop came despite a 3.8% increase in carload volume. “For railroads, the supply chain challenges […]
White River Junction A steam-powered, heavyweight passenger train passes freight JS4 departing the Boston & Maine’s White River Junction, Vt., yard with an A-B set of F units in 1947. Philip R. Hastings photo […]
We took Lionel’s new legacy GP30 in Chicago & North Western livery out for a spin on our City Transfer & Terminal RR. It runs just as good as it looks! For a full review, check out the December 2021 issue of Classic Toy trains or click here. It also makes an appearance on Bob’s […]
We took Lionel’s new legacy GP30 in Chicago & North Western livery out for a spin on our City Transfer & Terminal RR. It runs just as good as it looks! For a full review, check out the December 2021 issue of Classic Toy trains or click here. It also makes an appearance on Bob’s […]
