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JACKSONVILLE, Fla. — CSX Transportation earnings declined alongside a third-quarter volume slump, the railroad said today, but executives are confident that improved service will lead to long-term growth. “We have seen great progress with our ‘One CSX’ initiatives, which are helping to build a focused, collaborative culture that enables all of our employees to feel […]
Trains spoke with Union Pacific CEO Jim Vena today after the railroad’s third-quarter earnings call. Vena, who served as UP’s chief operating officer in 2019 and 2020, rejoined the railroad as its chief executive on Aug. 14. Vena has pledged to make Union Pacific the safest railroad in North America and to grow volume faster […]
CHICAGO — It’s a measure of how large CREATE’s 75th Street Corridor Improvement Project is that, even having been divided into more manageable parts, it’s still too big, from a financial standpoint, for one of those parts to be fully funded through the federal government’s Mega Grant program. So, when CREATE — the Chicago Region […]
OMAHA, Neb. — Union Pacific reported lower third quarter revenue and profits today (Oct. 19) as volume fell and cost pressure increased. “No doubt about it: It was a tough quarter,” new CEO Jim Vena told investors and analysts on the railroad’s earnings call this morning. But he said he was pleased with the railroad’s […]
JACKSONVILLE — The Brotherhood of Railroad Signalmen has ratified a paid sick leave agreement with CSX Corp. covering former Seaboard Coast Line properties, CSX announced today (Oct. 19, 2023). The agreement covers close to 400 employees. “We value the hard work and dedication of the Brotherhood of Railroad Signalmen and all our employees who keep […]
EAST PALESTINE, Ohio — The U.S. Environmental Protection Agency has ordered Norfolk Southern to perform additional cleanup work on creeks in the area of the Feb. 3 East Palestine, Ohio, derailment, saying disturbance of sediment on those streams can lead to an “oily sheen” in the water. The order issued Wednesday covers a 5-mile area […]
WASHINGTON — The Senate Committee on Commerce, Science and Transportation on Wednesday approved three nominations for the Amtrak Board of Directors, advancing those nominations to the full Senate for approval and ending a deadlock that has seen board members with long-expired terms continuing to serve, pending the approval of new nominees. The news site Roll […]
CHARLOTTE, N.C. — Norfolk Southern has revived hopes for a long-stalled commuter rail line between Charlotte and communities in the Lake Norman area by indicating its willingness to “consider … a possible transaction” over the NS line that would be a necessary part of the route north of the city — a change from the […]
Irish national rail company Iarnród Éireann (IÉ) has announced plans to convert one of its EMD-built locomotives to burn hydrogen instead of diesel fuel. IÉ is working in partnership with Latvian rail engineering firm DIGAS to test the use of a hydrogen-fueled internal combustion engine in an existing Class 071 diesel freight locomotive. Since earlier […]
PIERRE, S.D. — The South Dakota Railroad Board will support six of the eight projects which have applied for Federal Railroad Administration infrastructure grants, KELO-TV reports. Some $58.9 million is available for projects in the state under the Special Transportation Circumstances program, for states that lack intercity passenger service or are not connected to the […]
LOWELL, Ark. – J.B. Hunt had its biggest intermodal volume week ever in September and demand remains strong this month in a potential indication that the intermodal doldrums are finally over. J.B. Hunt’s intermodal third-quarter volume entered positive territory for the first time in three quarters, executives said on the company’s earnings call on Tuesday. […]
WASHINGTON – Total U.S. weekly rail traffic eked out a 0.5% gain for the week ending Oct. 14, the Association of American Railroads reported today. Total carloads down 2% compared with the same week in 2022, while U.S. weekly intermodal volume was up 2.8% compared to a year ago. Six of the 10 carload commodity […]
