Norfolk Southern: PSR will help close operating-ratio gap with CSX NEWSWIRE

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NEW YORK — Norfolk Southern is approaching Precision Scheduled Railroading differently than CSX Transportation, with a much slower timetable and no appetite for disruptive change. But NS sees no reason why it can’t close productivity and operating ratio gaps with its more efficient eastern rival, Chief Financial Officer Cynthia Earhart says. “The biggest difference for […]

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BNSF Railway reports higher quarterly profits as agricultural, merchandise traffic rise NEWSWIRE

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FORT WORTH, Texas — BNSF Railway’s profits surged in the third quarter as rates rose and the railroad posted strong growth in agricultural and industrial products carloads. Pre-tax earnings grew 10 percent, to $1.9 billion, as revenue climbed 16 percent, to $6.1 billion, BNSF’s parent company, Berkshire Hathaway, reported on Nov. 2. BNSF’s third-quarter operating […]

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UP to lay off hundreds of workers this year NEWSWIRE

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OMAHA, Neb. — Union Pacific will cut as many as 475 positions from the railroad by the end of this year, the Omaha World-Herald reports.  The newspaper reports that a memorandum shared with employees shows the railroad will also cut about 200 contractual positions. The newspaper cites UP CEO Lance Fritz saying the railroad had […]

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New Haven wire train

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Car W-933, converted from an old baggage car, is part of a five-car New Haven wire train based out of New Rochelle, N.Y. The platform on the roof provides a place for workers to stand as they repair the overhead catenary. Bruce Owen Nett photo […]

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