Union Pacific is working with Morgan Stanley investment bankers to provide guidance on the potential acquisition of another Class I railroad, the online publication Semafor reported on Wednesday, citing people familiar with the matter. UP and Morgan Stanley declined to comment to the media outlet. CSX and Norfolk Southern stock prices surged on the news, […]
WASHINGTON — The U.S. Department of Transportation on Tuesday (July 15) announced some $488 million in grants under the Better Utilizing Investments to Leverage Development, or BUILD, grant program. While 77% of the funding is for road and bridge projects, two projects totaling $3.2 million are designated as rail projects and at least two others […]
PIERRE, S.D. — South Dakota’s Railroad Board has terminated its lease agreement with the Dakota Southern Railway on a section of state-owned track for failure to make an annual payment. KELO-TV reports the railroad board terminated the lease on the state-owned Napa-Platte line in the southeastern portion of the state, where Dakota Southern stored railcars. […]
WASHINGTON — U.S. rail traffic was once again up in the week ending July 12, the Association of American Railroads reports. AAR statistics show volume of 496,188 carloads and intermodal units, up 2.6% compared to the same week a year ago. That included 223,968 carloads, up 4.1%, and 272,220 containers and trailers, up 1.4%. After […]
WASHINGTON — U.S. Transportation Secretary Sean Duffy faced bipartisan grilling Wednesday questioning the slow pace of his department’s release of funding for already-approved infrastructure grants, as well as the reduction of Department of Transportation personnel to approve them. The House Transportation and Infrastructure Committee hearing, “Oversight of the Department of Transportation’s Policies and Programs and […]
WASHINGTON — The Federal Railroad Administration has terminated some $4 billion in federal funding awarded to but not spent by California’s high speed rail program, following through on a longstanding goal of the Trump administration. California Gov. Gavin Newsom called the move “illegal” and vowed to fight the decision. Transportation Secretary Sean Duffy said in […]
WASHINGTON — A Fairfield Southern Co. employee involved in remote-control switching died from injuries suffered when he struck a railcar on an adjacent track, the National Transportation Safety Board said in a preliminary report on the June 16, 2025, accident issued today (July 16, 2025). During switching work at the U.S. Steel Flintridge Yard in […]
JACKSONVILLE, Fla. — CSX and BNSF Railway recently completed the Florida National Guard’s largest rail deployment since World War II. CSX originated 10 unit trains that carried 1,265 military vehicles, containers, and systems that were loaded at Fort Stewart, Ga., and transported to Birmingham, Ala., for interchange with BNSF, which then operated the trains to […]
WASHINGTON — BNSF Railway and Union Pacific settled their Salt Lake City trackage rights dispute yesterday prior to a scheduled meeting with federal regulators. The deal allowed BNSF to begin international intermodal service between Southern California ports and a new intermodal terminal on Salt Lake Garfield & Western Railway. In a filing posted on the […]
MIAMI — Brightline trains have hit and killed more than 180 people since the passenger service began operation in South Florida — a higher toll than had been publicly recognized, the Miami Herald and public broadcaster WLRN report in a joint investigation that also looks at causes of the deaths and a lack of safeguards […]
WASHINGTON — Jaguar Transport Holdings, which owns or controls 11 other short lines, is seeking to buy two railroads in Washington state, the company said this week in filings with the Surface Transportation Board. The transaction would include the Columbia Basin Railroad (reporting marks CBRW) and the Central Washington Railroad (reporting marks CWAR). The Columbia […]
LOWELL, Ark. — J.B. Hunt yesterday reported lower second-quarter intermodal profits despite higher volume and revenue. Operating income declined 4%, to $95.7 million, as revenue increased 2%, to $1.44 billion. Gross revenue per load decreased 3% due to changes in mix of freight, fuel surcharge revenue, and lower rates. As the largest domestic intermodal provider, […]
