BNSF Railway Executive Chairman Matt Rose speaks to an audience at the Midwest Association of Rail Shippers conference in Lombard, Ill., on Jan. 16, 2019. TRAINS: David Lassen LOMBARD, Ill. — Matt Rose has a lot of things on his mind as he nears the end of his tenure as executive chairman of BNSF Railway. […]
JACKSONVILLE, Fla. — CSX Corp. today announced fourth quarter 2018 net earnings of $843 million, or $1.01 per share, versus $4,140 million, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same period last year. Fourth quarter 2017 net earnings included a tax reform benefit resulting from the Tax […]
BNSF Executive Chairman Matt Rose TRAINS: David Lassen LOMBARD, Ill. — Matt Rose continues spiking hard on Precision Scheduled Railroading. Speaking before the Midwest Association of Rail Shippers on Wednesday, BNSF Railway’s executive chairman laid out additional considerations and problems he sees with the continued roll-out of PSR. He spoke candidly on the topic a […]
VANCOUVER, B.C. — The Canadian Transportation Agency announced on Monday that it will investigate rail freight performance in the area of Vancouver, British Columbia — the first time it is using its new authority to launch such investigations. Canadian National and Canadian Pacific responded with statements defending their performance in the Vancouver area, with CP […]
Then CSX Transportation CEO E. Hunter Harrison, right, speaks before the Surface Transportation Board in 2017. R.G. Edmonson AURORA, Ill. — Tom Weisner, the former mayor of Aurora, Ill., who passed away recently at the age of 69, was honored at a service Monday for his leadership of Illinois’ second-largest city. But beyond the city’s […]
Class I railroad earnings expectations Bill Stephens CSX Transportation will lead off the Class I railroad fourth-quarter earnings reports on Wednesday in what’s expected to be a parade of record results across the industry in a year when volume was up, costs declined, and revenue grew even faster. For the fourth quarter and the full […]
The number of incidents at grade crossings nationwide increased by nearly 3.6 percent in 2017, but new vehicle technology may be vital in reducing such incidents moving forward. An analysis of federal numbers reveals a majority of incidents happened at crossings equipped with either gates or flashing lights. While the data shows no single cause […]
Ron Batory, Federal Railroad Administrator U.S. Department of Transportation NEW ORLEANS — Wheel Rail Interaction conference attendees will hear from one of railroading’s heavy hitters in June. Organizers for the annual rail engineering conference confirm that Federal Railroad Administration Administrator Ron Batory will be the keynote speaker on June 20. “We’re excited that Mr. Batory […]
Association of American Railroads Association of American Railroads WASHINGTON — The Association of American Railroads on Wednesday reported U.S. rail traffic for the week ending Jan. 5. For this week, total U.S. weekly rail traffic was 436,103 carloads and intermodal units, up 4.8 percent compared with the same week last year. Total carloads for the […]
Retiring BNSF Railway Executive Chairman Matt Rose David Lassen MARCO ISLAND, Fla. – It is becoming more clear that Precision Scheduled Railroading is the subject that devours all other rail topics in its path. Anyone who doubts that need only have spent four days at the National Railroad Construction and Maintenance Association Conference at the […]
NORFOLK, Va. — Norfolk Southern’s new operating plan is gaining traction. The railroad is moving faster than it has in nearly two years as average train speeds have climbed 28 percent during the past eight weeks. Last week’s 22.8-mph average train speed was the highest NS has posted since the spring of 2017 and was […]
OMAHA, Neb. — Union Pacific will report a record-low operating ratio for 2018 thanks to an unexpected combination of lower costs and strong traffic volume in December, the railroad said in a regulatory filing on Wednesday. On Nov. 29, UP warned that it did not expect an improvement in its full-year operating ratio due to […]
