WASHINGTON — Short line holding company R.J. Corman plans to operate 154 miles of Norfolk Southern branches through a combination of acquisitions and leases in Tennessee, Kentucky, and Virginia. R.J. Corman’s Knoxville & Cumberland Gap Railroad will acquire 112 miles of NS lines, including the Jellico Line from Clinton, Tenn., to Lot, Ken., and from […]
ATLANTA — Norfolk Southern on Wednesday reported record fourth-quarter and full-year operating income as well as a record low operating ratio. CEO Jim Squires said the railroad hit or exceeded the three-year financial targets set in 2019 when NS adopted a Precision Scheduled Railroading operating model. “Through a multiyear effort, we delivered on our commitments, […]
ATLANTA — Norfolk Southern service will improve this spring as crew shortages ease and the railroad rolls out a new operating plan, executives said on Wednesday. “Our service quality was significantly below where we needed it to be” in the fourth quarter due to ongoing crew shortages on several portions of the NS system, Chief […]
OMAHA — Union Pacific on Tuesday announced its Loup Logistics subsidiary had acquired the Precision Components Inc. transload facility in Phoenix, a UP-served location that processes more than 8,000 railcars and 38,000 trucks annually. The facility in central Phoenix covers more than 100 acres, with 125,000 square feet of covered storage and 3 miles of […]
MONTREAL — Canadian National reported record fourth-quarter financial results on Tuesday, despite the impact of severe flooding that shut its main line through southern British Columbia for three weeks. CN’s “Full Speed Ahead” plan to improve the company’s financial results, announced in September amid a proxy contest launched by activist investor TCI Fund Management, gained […]
FORT WORTH, Texas — A judge has granted BNSF Railway a temporary restraining order, blocking a threatened strike by two of its unions over new work rules. The Fort Worth Star-Telegram reports U.S. District Court Judge Mark Pittman said that his ruling does not address whether the dispute between BNSF and the unions — the […]
MONTREAL — Canadian National on Tuesday named former Canadian Pacific executive Tracy Robinson as its new president and CEO, and reached an agreement with activist investor TCI Fund Management, which has dropped its proxy contest. Robinson spent nearly three decades at CP — with experience including positions in operations, finance, and marketing — before joining […]
CHARLESTON, W.Va. — Railroads are likely to haul more coal to American power plants this year even as coal’s share of electric generating capacity declines. Utilities that use coal are eager to replenish inventories after high natural gas prices and supply chain issues severely depleted their supply in 2021. In a recent short-term outlook, the […]
The group representing railroads in bargaining with rail labor unions says it welcomes the move to mediation in the two-year-old negotiations, a move the group representing unions reflects the fact railroads “are not bargaining in good faith.” The National Railway Labor Conference, which represents its member railroads in national labor matters, says in a Monday […]
SANTA CRUZ, Calif. — The Santa Cruz County Regional Transportation Commission is considering a forced abandonment of a branch line owned by Roaring Camp Railroads as part of a move to railbank the line for possible future commuter-rail use — a move opposed by Roaring Camp. The Santa Cruz Sentinel reports Roaring Camp, which operates […]
DEL MAR, Calif. — After a lengthy but unsuccessful effort to negotiate an agreement, the San Diego’s North County Transit District has voted to proceed with plans to install a safety fence along its tracks on the coastal Del Mar Bluffs. The San Diego Union-Tribune reports the district board voted 7-0 on Jan. 20 to […]
LOS ANGELES — Los Angeles County District Attorney George Gascon has responded to Union Pacific criticism of his policies, which it says play a part in much-publicized thefts from intermodal containers, by suggesting the railroad doesn’t do enough to protect its trains. The South Bay Daily Breeze reports that Gascon, in a letter to UP […]
