ST. LOUIS — RR Mergers & Acquisitions announces the sale of J&A Industries to CDL Electric Co. Headquartered in Kansas City, Mo., J&A Industries is a leading manufacturer of signal equipment to major railroad industry leaders, including BNSF Railway and Union Pacific. Since 1986, CDL has been providing signal solutions, maintenance, and installation of highway […]
Section: News & Reviews
Canadian union ratifies deal that ended strike at CN NEWSWIRE
MONTREAL — Conductors, train persons, and yard workers have ratified a new three-year labor agreement with Canadian National, two months after walking off the job for a week. On Friday, the Teamsters Canada Rail Conference announced that 91.3% of their 3,000 members voted in favor of the new deal. The new contract addresses a number […]
Election 2020: Where top Democratic candidates stand on rail issues NEWSWIRE
Construction work continues on the extension of San Diego’s light rail system to La Jolla, Calif. Increased spending on public transportation is a part of the platform of most major Democratic presidential candidates. TRAINS: David Lassen The campaign for the Democratic presidential nomination is about to move into a new phase, with the Feb. 3 […]
News Wire Digest for Friday, Jan. 31 NEWSWIRE
NJ Transit trains meet in Elizabeth, N.J., in August 2019. A highly critical state auditor’s report says the commuter railroad is at risk of missing the deadline for positive train control implementation, among other issues. TRAINS: David Lassen Friday morning rail news of note: — A state auditor’s report says NJ Transit is at risk […]
Railroads, unions butt heads on crew size ahead of first national bargaining meeting NEWSWIRE
WASHINGTON – One of the nation’s largest railroad unions is suing the National Mediation Board after the government agency appointed an arbitrator to handle the issue of crew size, forcing the labor group to deal with a matter they had hoped to avoid during the upcoming round of national bargaining. The National Railway Labor Conference, […]
Trains News Wire Round-up for the week of Jan. 31, 2020 NEWSWIRE
Trains editors discuss rail news that’s fit to publish! This week, Jim and Steve talk about a re-built K-37 2-8-2 steam locomotive in Colorado, Class I railroad earnings, and a Charger locomotive test train. […]
Canadian Pacific reports record financial results NEWSWIRE
A Canadian Pacific stack train, with a few auto racks tacked onto the front end, passes through Wauwatosa, Wis., on Jan. 28, 2020. CP reported record results in its quarterly earnings call Wednesday. TRAINS: David Lassen Canadian Pacific CEO Keith Creel TRAINS: David Lassen CALGARY, Alberta – Canadian Pacific, the lone Class I railroad to […]
Canadian Pacific sees Port of Saint John as its Vancouver of the East NEWSWIRE
Keith Creel, Canadian Pacific CEO Canadian Pacific CALGARY, Alberta — Canadian Pacific CEO Keith Creel is excited about his railway’s return to Eastern Canada with its $130 million acquisition of the 481-mile Central Maine & Quebec Railway. CP sold off its routes east of Montreal, including what became the CM&Q and J.D. Irving short lines […]
News Wire Digest for Thursday, Jan. 30 NEWSWIRE
Your morning look at rail news headlines: — The Associated Press reports that Virginia’s House of Delegates is scheduled to vote next week on a transportation bill that includes creation of the Virginia Passenger Rail Authority, to oversee state rail operations. — As part of its efforts to find alternative funding, the Southeast Pennsylvania has […]
Conductors’ strike and traffic decline hit Canadian National’s quarterly earnings NEWSWIRE
MONTREAL – Canadian National’s fourth quarter earnings declined sharply due to the impact of a nine-day conductor strike in Canada and weakening freight demand, the railway reported on Tuesday. The railway’s quarterly operating income declined 16%, to $1.2 billion, as revenue dipped 6%, to $3.6 billion. Earnings per share, adjusted for the impact of one-time […]
News Wire Digest for Wednesday, Jan. 29 NEWSWIRE
BNSF has completed the process of removing these locomotives, which derailed in a Jan. 1 accident, from an Idaho River. Idaho State Police A morning look at notable rail news: — BNSF Railway has completed the process of removing two locomotives from the Kootenai River in Idaho following a Jan. 1 derailment, KHQ TV reports. […]
Norfolk Southern touts service improvements as volume, revenue, and profits fall NEWSWIRE
NORFOLK, Va. — Norfolk Southern’s profits and revenue fell in the fourth quarter amid broad traffic declines led by a 21% drop in coal volume, the railroad reported today. For the quarter, the railroad’s operating income declined 11%, to $962 million, as revenue fell 7%, to $2.9 billion. Earnings per share slumped 1%, to $2.55. […]
