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OMAHA, Neb. — Union Pacific revenue and profits declined in the third quarter as the railroad’s efficiency gains and cost-cutting were not enough to offset an 8% decline in traffic volume. Operating income declined 2%, to $2.2 billion, as revenue sank 7%, to $5.5 billion. Net income also fell 2%, to $1.5 billion. Earnings per […]
Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending Oct. 12, 2019. For this week, total U.S. weekly rail traffic was 510,820 carloads and intermodal units, down 7% compared with the same week last year. Total carloads for the week ending Oct. 12 were […]
JACKSONVILLE, Fla. — CSX Transportation’s third quarter profit sank due to declines in intermodal and coal revenue and volume, the railroad announced on Wednesday afternoon. The railroad’s operating income was essentially flat, at $1.28 billion, as revenue declined 5%, to $2.97 billion. Net income declined 4%, to $856 million. Earnings per share grew 3%, to […]
Four Northeast Corridor stations used by Amtrak and NJ Transit, including Princeton Junction, N.J., will receive makeovers in a program announced Tuesday. Here, a Princeton “Dinky” awaits departure to the Princeton University campus from Princeton Junction in August 2019. TRAINS: David Lassen NEW BRUNSWICK, N.J. — Four stations used by NJ Transit and Amtrak on the […]
LOWELL, Ark. — Although its overall intermodal freight volumes were flat in the third quarter, J. B. Hunt Transport Services seeks to move more highway freight to trains. And Hunt officials say they’re also making their peace with Precision Scheduled Railroading, based on comments in a Tuesday earnings call with investors. Quarterly intermodal revenue was […]
A Lehigh Gorge Scenic Railway train prepares to leave the former Central Railroad of New Jersey station in downtown Jim Thorpe, Pa., on Oct. 24, 2018. The Lehigh Gorge Scenic has announced it will shut down in November. Scott A. Hartley PORT CLINTON, Pa. — The Lehigh Gorge Scenic Railway announced it would cease operations […]
Video by Chris Guss Metra heritage unit No. 211 sits at the platform in Aurora on Tuesday after arriving from downtown Chicago. Chris Guss CHICAGO — Metra’s newest heritage locomotive, F40PHM-2 No. 211, made its debut Tuesday on BNSF’s Chicago Subdivison when it led a PTC test train from downtown Chicago to Aurora, Ill.. The […]
A Virgin Trains/Brightline train departs MiamiCentral station in January 2019. Miami-Dade County will fund the construction of a new Aventura station about 15 miles north of the downtown station. TRAIN: David Lassen MIAMI — Miami-Dade County commissioners have approved spending $76 million to build a Virgin Trains USA station at the Aventura Mall, a move […]
SAVANNAH, Ga. — Shortline holding company OmniTRAX and parent company The Broe Group have announced an agreement with A&R Logistics as the lead tenant of the new Savannah Gateway Industrial Hub, an industrial park development that will include the building of Georgia’s first new industrial switching railroad in more than 50 years. The 2,750-acre park […]
You can own the entire collection of Garden Railways magazine in a convenient DVD-ROM format. This special compilation includes 192 complete issues from 1984–2015, plus 9 bonus issues of its predecessor, the Sidestreet Banner newsletter. In addition, you’ll have access to every full-size drawing ever published — a total of 128 drawings to view, download, […]
FLAGSTAFF, Ariz. — A 14-car derailment blocked BNSF Railway’s main line east of Flagstaff on Monday, disrupting freight traffic as well as Amtrak’s Southwest Chief. A BNSF spokesperson told local media outlets the accident occurred at 5:14 a.m., and that no hazardous materials were involved. A BNSF service advisory placed the derailment site at Darling, […]
KANSAS CITY, Mo. — Kansas City Southern has promoted Anastasia Austin to vice president, revenue and yield management. Since 2017, Austin had served as assistant vice president, revenue and yield management. She joined the company in 2008 and has held a variety of accounting, financial, and operational support roles. She holds a master of business […]
