Nine rail projects included in Mega, INFRA grant awards

a train on a bridge

WASHINGTON — Nine rail-related projects were included among the 37 receiving funding from the U.S. Department of Transportation through Mega Grant and INFRA Grant program funding announced on Friday. Two projects — including one from the rail-related group — received grants under both programs. The Mega Grant program — formally the National Infrastructure Projecg Assistance […]

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Norfolk Southern cutting 7% of management and staff positions

Norfolk Southern logo

ATLANTA — Norfolk Southern told employees today that it will eliminate 7% of its management and staff positions as a cost-cutting move. The railroad is set to publicly announce the cutbacks during its fourth-quarter earnings call on Friday morning. NS is offering voluntary severance packages to eligible employees, according to people familiar with the matter. […]

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Union Pacific: Uncertainty clouds freight outlook for the year

Freight train with two yellow locomotives with small town in distance

OMAHA, Neb. — Union Pacific expects muted traffic volume this year due to a combination of a slow economy, lower demand for coal, and the loss of an international intermodal contract to BNSF Railway. UP executives discussed their outlook for the year while releasing fourth-quarter financial results this morning. “The Union Pacific team is executing […]

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Short line to be launched at Port of West Virginia

Logo of short line Empire River Rail

FOLLANSBEE, W.Va — Empire Diversified Energy, a holding company involved in sustainable energy and logistics, will establish a short line railroad to serve the Port of West Virginia, the company announced Wednesday. Empire River Rail intends to be a clean-energy system and is part of the effort to make the port in Follansbee, on the […]

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BNSF announces $3.9 billion capital spending plan for 2024

Double-stack container train passing maintenance equipment

FORT WORTH — BNSF Railway will spend $3.92 billion on capital projects this year, the railroad announced today. “This year’s capital plan reflects our continued commitment to growth, by ensuring we have the capacity and equipment needed to support our customers,” CEO Katie Farmer said in a statement. “We continue to invest in our network […]

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CSX fourth-quarter profits decline despite volume growth

Locomotive with mix of freight cars

JACKSONVILLE, Fla. — CSX expects to gain merchandise, intermodal, and export coal volume this year partly due to improved service, executives said today while announcing fourth-quarter financial results. “Throughout 2023, our railroad demonstrated reliable, industry-leading network performance, and the ONE CSX team delivered consistent results through a dynamic economic environment by focusing on excellent customer […]

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U.S. rail traffic declines for week ending Jan. 20

Association of American Railroads logo

WASHINGTON — Total U.S. weekly rail traffic was down 13.2% last week compared with the same week last year, the Association of American Railroads reported today. Total carloads for the week ending Jan. 20 were down 22.4% compared with the same week in 2023, while U.S. weekly intermodal volume was down 4.5% compared to 2023. […]

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