CALGARY, Alberta — Canadian Pacific reported record quarterly earnings and revenue today as the railway carried record volumes and led the industry in traffic growth. CP’s operating income jumped 31%, to $822 million, as revenue surged 13%, to nearly $2 billion. CP reported earnings per share, adjusted for one-time items, of $4.36, a 36% increase […]
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Climax No. 9 will operate on Cass Scenic Railroad this fall after a decade-long restoration. John Krause photo, Tim Martin collection CASS, W.Va. — Middle Fork Climax No. 9 is in its final stages of restoration at the Cass Scenic Railroad in West Virginia. The more than decade-long project is down to its final weeks […]
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JACKSONVILLE, Fla. — CSX Transportation reduced its full-year revenue outlook today after revenue and traffic volumes came in lower than expected for the second quarter. The railroad, which had been projecting low single-digit revenue growth, now expects revenue to decline by 1% to 2% this year. CSX did not change its target for a sub-60% […]
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BOSTON — Massachusetts Bay Transportation Authority service on the Needham commuter rail line will be suspended on Saturdays beginning Aug. 3 for installation of positive train control infrastructure. The MBTA announced that the suspension of service is scheduled to continue through Oct. 12. Bus and subway alternatives for Needham line travelers are outlined in the […]
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Superliner lounge used as coach diner awaits dinner guests on southbound Auto Train in 2015. Breakfast and dinner have been included in the fare price for all passengers since Amtrak started its version in 1983. Bob Johnston WASHINGTON — Complimentary dinners are on their way out for Auto Train coach passengers. Food prepared onboard may […]
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James Squires, NS CEO Norfolk Southern LAKE GENEVA, Wis. — Norfolk Southern is looking ahead with its newly implemented TOP21 operations plan, in use now for less than a month. The comments come from NS CEO James Squires at the summer meeting of the Midwest Association of Rail Shippers at the Grand Geneva Resort. “I think […]
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SEATTLE — A newly released business-case study argues that ultra-high-speed ground transportation in the Vancouver, British Columbia-Seattle-Portland, Ore., corridor would deliver economic and social benefits, and could cover its operating costs as soon as 2040. But getting to such a system by 2040 depends on resolving some huge questions, such as what technology — conventional […]
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WASHINGTON — Use of an incorrect bolt, errors in installation, and a lack of repair-work oversight led to the separation of a DC Metro train last August, according to a report from the Washington Metrorail Safety Commission. The report, approved July 11 by the commission, found a series of errors that led to a failure […]
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Class I railroads will announce their second quarter earnings results over the next two weeks against a backdrop of declining traffic in the U.S. and indications that economic growth is slowing. But a combination of rate increases, efficiency gains, cost-cutting, and share buyback programs is expected to offset the impact of traffic volume declines at […]
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The worldwide grounding of the Boeing 737 MAX fleet in the wake of two fatal crashes has not stopped rail shipments of new fuselages from Kansas to Washington State via BNSF Railway and regional Montana Rail Link. Boeing has curtailed production of the 737 MAX for the duration of the grounding, which is related to […]
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Former Pennsylvania Railroad observation car Frank Thompson, carried the tailsign or drumhead for the Broadway Limited for a portion of a recent trip as part of a weekend New York-Pittsburgh excursion. Three former Pennsy streamlined cars made the journey coupled as part of Amtrak’s daily Pennsylvanian service. The Thompson car is shown at the Amtrak […]
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MONTREAL – Canadian National Railway has named David Trent vice president and chief digital officer, saying his role will be part of the railroad’s “objective of modernizing its scheduled railroading model.” Trent has more than 20 years of information technology experience. Most recently, he was vice president, technology and digital, at Canfor Corp., the Vancouver, […]
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