MONTREAL – Canadian National has lowered its financial outlook for the year due to the impact of several factors, including the rail labor uncertainty and work stoppage in Canada, wildfires in Alberta, weaker than expected demand for forest products and metals, and delayed recovery of international intermodal volumes. CN now expects to deliver earnings per […]
WASHINGTON — The U.S. Senate Commerce Committee will hold a confirmation hearing tomorrow (Wednesday, Sept. 11) for four nominees to the Amtrak board of directors. The hearing will take place in Room 253 of the Russell Office building and will be live-streamed on the committee’s website starting at 10 a.m. Eastern. Written testimony from the […]
STUART, Fla. – Nearly six months after its March 4 ceremony, announcing a new intermediate station to be constructed in downtown Stuart, Brightline is now heading back to the drawing board. The TC Palm newspaper reported a city commissioners meeting on Sept. 9 to rescind both its ground lease and interlocal agreements with the passenger […]
With Tropical Storm Francine approaching the Texas and Louisiana Gulf Coast – and expected to make landfall tomorrow afternoon – Amtrak has canceled or modified service on its trains that serve New Orleans. Union Pacific, meanwhile, today told customers that it’s preparing for the storm, which is expected to strike as a Category 2 hurricane. […]
Predicting the future is tricky business. Circumstances can change at the drop of a hat, opening up previously unforeseen possibilities. However, with analysis and careful guesswork, a prediction can be made. With that in mind, let us examine the future of the locomotive on the U.S. rail network. The current state of railroading To predict […]
WASHINGTON — More regulatory oversight is needed to keep rail volumes from shifting to trucks and limiting the railroads’ growth potential, rail customers have told the Surface Transportation Board. Their testimony, along with that of railroads, unions, industry consultants and others, has been filed with STB ahead of a two-day hearing at the agency next […]
You can’t blame Amtrak for being disappointed with the on-time performance of its long distance trains, which roll off the vast majority of their mileage on host railroads. In the 12 months ending June 30, 2024, just 57% of long distance passengers arrived on the advertised. Amtrak’s No. 1 culprit for late trains: Freight train […]
ATLANTA – Norfolk Southern confirmed late Sunday night that its board has opened an investigation into allegations of conduct by CEO Alan Shaw that is “inconsistent with the company’s Code of Ethics and company policy.” The Wall Street Journal reported this afternoon that Shaw is expected to leave the company by the end of the […]
ATLANTA – The Norfolk Southern board of directors is investigating allegations that CEO Alan Shaw had an inappropriate workplace relationship, CNBC reported today, citing three unnamed people said to be familiar with the matter. The investigation is in its early stages, the network reported, and it is possible that no misconduct may be uncovered. Norfolk […]
WASHINGTON — The Federal Transit Administration on Friday signed a $893.3 million grant agreement for LA Metro’s planned light rail line in the San Fernando Valley. The 6.7-mile, $3.57 billion East San Fernando Valley Light Rail project will largely follow Van Nuys Boulevard, and connect the bus rapid transit Orange Line to two Metrolink lines, […]
DENVER — Shortline holding company OmniTRAX has acquired Central Arizona Commerce Park’s rail infrastructure and remaining park acreage. With the acquisition, OmniTRAX becomes the exclusive infrastructure partner of the 679-acre industrial park located in Casa Grande, which is midway between Phoenix and Tucson. This move marks OmniTRAX’s third rail transaction in the past six months […]
FORT WORTH, Texas — BNSF Railway has sharply increased the insurance coverage requirements for shippers of certain hazardous materials, which has prompted chemical producers to express “grave concerns” in a letter to CEO Katie Farmer. The move comes in the wake of the February 2023 hazardous materials derailment in East Palestine, Ohio, which has cost […]
