Brightline bond document revises forecast for 2024 as monthly delivery steadies: Analysis

Brightline train on straight track

MIAMI — As the Spring Break surge approaches, Brightline continues to seek the right pricing strategy when operating 16 daily fixed-consist round trips between South Florida and Orlando, plus another two to handle early morning and late evening Miami-West Palm Beach travel. A password-protected, 2,044-page supplement to a “Preliminary limited remarketing memorandum relating to $770 […]

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Union Pacific announces three executive retirements, multiple appointments

Union Pacific logo without slogan. UP Bailey Yard explosion appear to be accidental.

OMAHA — Union Pacific has announced the retirement of three executives, along with a series of appointments to new positions. Retiring are Shane Keller, senior vice president-operations, Northern Region; David Giandinoto, senior vice president-operations, Southern Region; and Lee Myers, assistant vice president-risk management, law. Keller has spent 33 years at UP, joining as an operations […]

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FTA proposes rules for track worker safety (updated)

Federal Transit Administration logo

WASHINGTON — The Federal Transit Administration has proposed rules to protect track workers for all transit agencies, the first such effort to propose minimum national standards for track maintenance safety. A Notice of Proposed Rulemaking now available at the Federal Register would require transit agencies to create a protection program for personnel who work on […]

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Norfolk Southern increases length of grain shuttle trains

NS9732Selma

ATLANTA — Norfolk Southern has increased the length of its grain shuttle trains to 105 cars from 85, a move that allows the railroad to handle 23% more grain in each train. “We’re unlocking capacity to handle more business for both our current and prospective customers,” Chief Marketing Officer Ed Elkins said in a statement. […]

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Analysts expect NS and activist investors to reach agreement in proxy fight

Norfolk Southern’s decision to hire a chief operating officer with Precision Scheduled Railroading expertise increases the likelihood that the embattled railroad will reach a settlement with activist investor Ancora Holdings, Wall Street analysts say. NS on Wednesday announced that Canadian Pacific Kansas City executive John Orr would become its chief operating officer, effective immediately. Orr […]

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U.S. weekly rail traffic again shows increase

Weekly table showing U.S. carload rail traffic by commodity type, plus overall intermodal statistics

WASHINGTON — Intermodal traffic, which was a weakness for rail traffic in most of 2023, remains the strength in the weekly rail traffic statistics so far in 2024. U.S. rail volume for the week ending March 16 was up 6.7% over the same week a year ago, according to statistics from the Association of American […]

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Illinois senators meet with CN CEO about Chicago Hub project

Passenger train with Chicago skyline in background

WASHINGTON — U.S. Sens. Dick Durbin and Tammy Duckworth (both D-Ill.) met with Canadian National Railway CEO Tracy Robinson on Tuesday to discuss the railroad’s involvement in the Chicago Hub Improvement Program, the plan to modernize Chicago Union Station and rail routes leading to the station. U.S. Rep. Mike Quigley (D-Chicago) also participated in the […]

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