CSX says Pan Am acquisition targets growth

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JACKSONVILLE, Fla. — CSX Transportation sees the potential for growth through its planned acquisition of New England regional Pan Am Railways. “If you look historically, they’ve been able to grow a little bit faster than what we’ve been able to achieve. So we think the growth profile is attractive for us,” Chief Financial Officer Kevin […]

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Digest: Two hurt as BNSF train derails in New Mexico

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Wednesday midday rail news: Two hurt as BNSF train derails in New Mexico Two BNSF Railway crew members were injured in a derailment Wednesday morning in Vado, N.M., KVIA-TV reports. The station says the derailment caused millions of dollars in damage and will require weeks of cleanup, according to the New Mexico State Police. The derailment […]

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Digest: Senate virus relief bill would provide $15 billion for transit, $1 billion for Amtrak

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Wednesday morning rail news: New Senate bill would provide virus relief funding for transit, Amtrak Transit systems would receive $15 billion and Amtrak would get $1 billion under a new $908 billion, bipartisan Senate COVID-19 relief proposal introduced Tuesday. Reuters reports that in all, transportation — including airlines, airports, and private buses — would receive $45 billion […]

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Digest: Women charged with terrorist attack on railroad in Washington state incident

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Tuesday morning rail news: Two women charged with terrorist attack after disrupting BNSF signaling in Washington Two Bellingham, Wash., women have been charged with a terrorist attack and other violence against a railroad carrier after allegedly placing a shunt on BNSF Railway tracks near a Bellingham grade crossing, disrupting crossing gates. The Bellingham Herald reports Samantha […]

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