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FORT WORTH, Texas — BNSF Railway’s first-quarter earnings and revenue declined despite a 7% increase in freight volume. Quarterly operating income declined 7%, to $1.72 billion, as revenue declined 6%, to $5.66 billion, BNSF and its parent company, Berkshire Hathaway, reported on Saturday. The railway’s operating ratio was 69.5%, up 1.1 points from a year […]
If activist investor Ancora Holdings wins its Norfolk Southern proxy battle this week, its new management team aims to generate unprecedented growth in carload traffic over the next four years. Ancora plans to run the same playbook that CSX has used since it shifted to a Precision Scheduled Railroading operating plan in 2017. Improve your […]
MOBILE, Ala. —“Hopeful” is the key word in the status report on Gulf Coast passenger service submitted by Amtrak, CSX, Norfolk Southern, and the Port of Mobile to the Surface Transportation Board last week. The May 1 report was required by the STB after a February hearing and subsequent explanation of delays was short on […]
NEW YORK — The Metropolitan Transportation Authority’s Metro-North Railroad on Friday announced plans for additional weekend trains and other capacity moves on its New Haven line in light of a collision and fire involving a gasoline tank truck that has closed Interstate 95 in Norwalk, Conn., at least through Monday. Today (May 4) and Sunday, […]
CLEVELAND — With less than a week to go in its Norfolk Southern proxy fight, activist investor Ancora Holdings has questioned the railroad’s service improvements, won support from a small proxy advisory firm, and sought to woo shareholders with a letter from CEO candidate Jim Barber Jr. NS has touted the pace of operational improvements […]
OMAHA, Neb. — Union Pacific has tightened its domestic intermodal schedules between the Los Angeles Basin and Chicago by two days, and now offers three-day transit time that is competitive with team driver truck service. “In an effort to better serve our customers and simultaneously penetrate volume moving over the road, Union Pacific is pleased […]
ALTOONA, Pa. — Norfolk Southern’s Lackawanna heritage locomotive, SD70ACe No. 1074, has emerged from the Juniata Locomotive Shop with a fresh coat of paint. NS, which showed off the locomotive on social media yesterday, says it took 10 carmen 750 hours to blast, prep, and paint the unit. More than 105 gallons of primer, color […]
WASHINGTON — A Union Pacific track maintenance manager was killed when he was struck by an excavator operated by a contract worker, according to the National Transportation Safety Board’s preliminary report on a fatal April 11 incident near McNeil, Ark. The incident occurred about 6:22 p.m. as a work crew was replacing a culvert on […]
WASHINGTON — President Joe Biden will nominate former Federal Railroad Admininstration Administrator Ron Batory and Elaine Marie Clegg, CEO of Valley Regional Transit in Idaho’s Ada and Canyon counties, to serve on Amtrak’s Board of Directors, the White House announced today (May 2). Batory, now a resident of New Mexico, and Clegg, of Boise, Idaho, […]
CHICAGO — Surface Transportation Board Chairman Martin J. Oberman on Wednesday blasted activist investor Ancora Holdings, saying that its plans for Norfolk Southern are a threat to rail service and the U.S. economy. Ancora and NS are trying to woo the railroad’s shareholders in a bitter proxy battle that will end May 9 at the […]
CHICAGO — Imagine if the two Class I railroad steam stars of this year — Canadian Pacific 4-6-4 No. 2816 and Union Pacific Big Boy 4-8-8-4 No. 4014 — showed up at the same place at the same time and shared the same stage. It just might happen one day. Union Pacific CEO Jim Vena […]
BOSTON — The Massachusetts Bay Transportation Authority has eliminated all speed restrictions from the rapid-transit Blue Line as a result of a maintenance shutdown that concluded on Tuesday, April 30, the agency announced Wednesday. A total of 19 speed restrictions were eliminated over a 5-mile stretch of the Blue Line during work that began April […]
