JACKSONVILLE, Fla. — CSX Transportation reported strong fourth-quarter earnings on Wednesday and, despite signs of an economic slowdown, said it expected to gain volume this year thanks to ongoing service improvements. “I’m particularly proud to report that our service metrics continued to show real improvement through the fourth quarter after starting a clear upward trend […]
WASHINGTON — No one from the Justice Department bothered to testify at the Surface Transportation Board’s September hearing on the proposed merger of Canadian Pacific and Kansas City Southern. But that absence doesn’t mean the Justice Department doesn’t have concerns about the first merger of Class I railroads in two decades. In a letter to […]
MONTREAL — When it comes right down to it, railroading is not a complicated business, Canadian National Chief Operating Officer Ed Harris says. It’s all about sticking to a schedule, following the operating plan no matter what, and running safely. Harris, who served as CN’s operations boss from 2005 to 2007, was named COO on […]
ATLANTA — Norfolk Southern set fourth-quarter and annual records for revenue and profits, but expects a slowing economy and declining freight demand to produce flat revenue and earnings this year. The big unknown: Will the railroad’s ongoing service improvements allow NS to offset anticipated traffic volume declines as the economy weakens? CEO Alan Shaw, speaking […]
News & Products for the week of January 23rd 2023 Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. Here are the products Model Railroader editors have news on for the week of January 23rd 2023. […]
WASHINGTON — Genesee & Wyoming will spend up to $42 million to correct Clean Air Act violations regarding locomotives under an agreement announced Tuesday by the U.S. Department of Justice and Environmental Protection Agency. A complaint that was also filed Tuesday alleged that G&W and a number of its subsidiaries operated diesel locomotives with rebuilt […]
MONTREAL — Canadian National met all of its financial targets for 2022, but the railway issued a cautious outlook for this year with the expectation of a mild recession and soft traffic volumes. “Without a doubt we are in an uncertain economic time,” CEO Tracy Robinson told investors and analysts on CN’s earnings call on […]
OMAHA, Neb. — Union Pacific generated record revenue and profits last year despite the impact of crew shortages that snarled operations, hurt service, and limited traffic growth. “The fourth quarter and 2022 overall were challenging for Union Pacific and our employees. The lengthy labor negotiations tested our workforce, while customers felt the impact of our […]
GREENWICH, Ohio — Twenty cars of a CSX Transportation freight train derailed around midday Monday in Greenwich. There were no reports of injuries or of incidents involving cargo, but a power outage was reported in the area. WYKC-TV reports about 100 people were left without power. Images on the station’s website show the incident occurred […]
WASHINGTON – Union Pacific has asked the Federal Railroad Administration for permission to temporarily deactivate the centralized traffic control on a 13.4-mile section of its Winnemucca Subdivision in Nevada, saying that windblown sand and soil has made the signal system unreliable. UP says it can’t make repairs until spring because the track structure is frozen […]
LAC-MÉGANTIC, Quebec —Canadian Transport Minister Omar Alghabra made an unannounced visit to the Lac-Mégantic area late last week, facing continuing resistance to some land acquisitions needed to reroute Canadian Pacific’s line around the community devastated by a 2013 derailment and fire. In a statement released after the visit on Thursday, Jan. 19, Transport Canada said […]
BISMARCK, N.D. — As part of its long-running effort to prevent BNSF Railway from replacing a 140-year-old bridge over the Missouri River, a preservation group argued in a Friday hearing against granting a state permit needed for the project. The Bismarck Tribune reports the group Friends of the Rail Bridge argued in the hearing before […]
