JACKSONVILLE, Fla. – CSX CEO Joe Hinrichs sought to rally the troops today as the railroad continues to battle congestion that began in the weeks before a key Baltimore tunnel was closed on Feb. 1 for a long-awaited clearance project. In a bulletin to employees, Hinrichs touted the railroad’s industry-leading operational and financial performance record […]
CHICAGO — FreightCar America said net income totaled $50.4 million in the first quarter while revenue of $96.3 million fell 40.2% from the year-ago period. The Chicago-based railcar builder (NASDAQ: RAIL) delivered 710 units in the quarter ended March 31, down from 1,223 units in the previous-year quarter. Adjusted net income was $1.6 million, or 5 […]
NORFOLK, Va. – Norfolk Southern and the Port of Virginia have launched a RailGreen Corridor that offers intermodal customers a verified way to reduce supply chain emissions. NS provides daily intermodal service in the corridor linking Norfolk Harbor with the Virginia Inland Port (VIP) in Front Royal, Va. Freight moving along this lane is now […]
WASHINGTON — Almost a decade after Amtrak cancelled “National Train Day,” an outreach promotion launched in 2008 designed to familiarize potential customers with where its passenger trains go, organizations around the U.S. continue to use May 10 as a tentpole around which to generate interest. The date commemorates completion of the first transcontinental railroad at […]
DENVER — The state of Colorado and Union Pacific on Monday signed an agreement extending the railroad’s lease of Moffat Tunnel for 25 years, a deal that also allows for expanded passenger service on the route through the Rockies as soon as 2026. The 99-year lease on the state-owned tunnel signed was scheduled to expire […]
OLTEN, Switzerland — The Rolling Highway, a drive-on, drive-off piggyback service carrying tractors and trailers through the Swiss Alps, will shut down at the end of 2025, operator RAlpin has announced. The company cited disruptions to the rail network — particularly the troubled German network — as leading to the shutdown. RAlpin has provided transport […]
WASHINGTON — Star America Infrastructure Fund GP II and Star America Rail Holdco have taken a controlling interest in Cathcart Rail, the Ohio-based company that operates a trio of short lines and is the largest independent operator of freight car repair shops in the U.S. Cathcart’s short lines include the 5-mile Bucyrus Industrial Railroad in […]
WASHINGTON — Surface Transportation Board Chairman Patrick Fuchs has updated status of several long-running board proceedings as part of his effort to expedite their resolution. “The agency continues to make significant progress concluding outstanding proceedings to resolve disputes, facilitate efficient market entry and exit, and ensure a sound national supply chain,” Fuchs said in a […]
WINNIPEG, Manitoba — Paul Duncan is joining Cando Rail & Terminals as its new chief operating officer, the company has announced. Duncan, most recently chief operating officer at Norfolk Southern, has more than 22 years with Class I railroads. Prior to joining NS in 2022, he spent more than 19 years in roles of increasing […]
MEXICO CITY — Grupo Mexico’s transportation division — which includes Ferromex, Ferrosur, Florida East Coast Railway, and Texas Pacifico — reported sharply lower first-quarter revenue and profits as a plunge in automotive and minerals traffic drove an overall volume decline. For the quarter, GMXT’s operating income declined 18.5%, to $225 million, as revenue declined 12.1%, […]
DENTON, Texas — The Denton County Transportation Authority’s A-Train, a 21-mile commuter line operating between Denton and Carrollton, Texas, has announced plans for a 2-mile extension, allowing a direct connection to rail service to Dallas-Fort Worth International Airport. The agency announced last week that it will extend the line from its current southern endpoint — […]
OMAHA, Neb. — BNSF Railway posted higher profits in the first quarter thanks to a combination of volume growth and pricing gains, corporate parent Berkshire Hathaway announced on Saturday. “The railroad is earning a little more than last year but it’s not earning what it should be earning at the present time,” Berkshire CEO Warren […]
