CALGARY, Alberta — Canadian Pacific Kansas City’s first-quarter financial results reflected the progress the railway has made in the year since the Canadian Pacific-Kansas City Southern merger, executives said today. “One year into our historic combination, I am proud of what our dedicated family of railroaders has accomplished as we deliver on the benefits of […]
ATLANTA — Norfolk Southern executives today outlined steps they will take over the next six months to improve operations and service while wringing out $250 million in costs. NS is under pressure to show improvements amid a proxy battle with activist investor Ancora Holdings, which has been critical of the railroad’s lagging financial and operational […]
MONTREAL — Canadian National’s revenue and profits declined in the first quarter as freight volume was flat and costs rose. “Q1 was a solid quarter. It played out as we expected and it set us up well for the growth that we see ahead of us,” CEO Tracy Robinson told investors and analysts on the […]
LAS VEGAS — One thing Monday’s Brightline West groundbreaking ceremony drove home — probably unintentionally — is that there are jurisdictional reasons it’s difficult to undertake major infrastructure projects in the United States. In this case, however, those factors seem to be lining up in a positive, rather than negative, way. “On a project of […]
BOSTON — The rapid transit Red, Green and Orange lines will see service disruptions in May as part of the Massachusetts Bay Transportation Authority’s ongoing effort to address slow orders, while six commuter rail lines will also see service disruptions. These service outages for maintenance have been scheduled: — On the Red Line, a previously […]
LAS VEGAS — The name is the same (mostly). The signature color yellow is still very much in evidence. And clearly, most of the same people are deeply involved in both projects. But it’s important to remember that Brightline West, which held its long-awaited groundbreaking on Monday, is not Brightline. Building an electrified, 200-mph passenger […]
LAS VEGAS, Nev. — The moment for Brightline West has arrived. But to Brightline founder Wes Edens — as well as Transportation Secretary Pete Buttigieg and others — a groundbreaking ceremony today on a lot a short distance south of the Las Vegas Strip marked more than just the official start of construction on the […]
CSX today announced the winners of its third annual CSX Customer Environmental Excellence Awards, which salute shippers who convert a portion of their freight from truck to rail. “Sustainability is a shared priority between CSX and our customers. Helping them reduce emissions by converting from trucks to rail is an important part of our strategy,” […]
Norfolk Southern says that activist investor Ancora Holdings’ detailed plan for the railroad, released last week in a 193-page presentation, contains misleading operational data and vastly overstated cost-savings projections. Ancora says its proposed management team would reduce costs by $800 million through a full-blown implementation of the low-cost Precision Scheduled Railroading operating model at NS. […]
PIERRE, S.D. — South Dakota’s transportation secretary has injected a note of reality into discussion of possible Amtrak service in the state. That discussion gained life in February with the inclusion of two routes serving South Dakota among the 15 in a Federal Railroad Administration report on its ongoing Amtrak Daily Long-Distance Service Study [see […]
LAS VEGAS, Nev. — The Brightline West project is about to get its official kickoff. While various surveying and other preparation work has been in progress for several months, a formal groundbreaking ceremony is set for Monday in Las Vegas at the planned site for the high-speed project’s Las Vegas station. Transportation Secretary Pete Buttigieg, Brightline […]
SAINT-OUEN-SUR-SEINE, France — Alstom will sell its North American signal business to Knorr-Bremse of Germany for about €630 million, or about $671 million, the companies announced today. The sale, which Alstom describes as covering the conventional portion of its North American signaling business, is part of a plan announced in November to sell up to […]
