OMAHA, Neb. — Union Pacific’s third-quarter financial results – with volume, revenue, and profits all on the upswing — are proof that the railroad’s strategy is working, CEO Jim Vena says. UP this morning (Oct. 24) reported that operating income increased 11%, to $2.46 billion, as revenue grew 3%, to $6 billion. Earnings per share […]
CALGARY, Alberta — Canadian Pacific Kansas City’s third-quarter profits and revenue increased despite the impact of the four-day work stoppage in Canada, the railway reported on Wednesday. Quarterly operating income rose 3%, to $870 million, as revenue increased 6%, to $2.56 billion. Earnings per share increased 7%, to 65 cents. CPKC’s operating ratio increased 1.2 […]
WASHINGTON — U.S. weekly rail traffic showed a modest gain for the week ending Oct. 19, 2024. According to statistics from the Association of American Railroads, volume was 510,730 carloads and intermodal units, a 1.1% increase over the same week in 2023. That includes 223,278 carloads, down 4.6% from a year ago, and 287,452 containers […]
NEW YORK — The Metropolitan Transportation Authority, which until recently said its budget was balanced through 2026, faces a budget shortfall of $211 million this year, the New York State Comptroller said in a report issued Wednesday. That would rise to $652 million by 2028, the report says, and there are variables that could make […]
NEW YORK — Demetrius Crichlow, who has been serving as interim president of New York City Transit for the past four months, was appointed to the position on a permanent basis today (Wednesday, Oct. 23) by Metropolitan Transportation Authority CEO Janno Lieber. Crichlow becomes the 12th president of the MTA department overseeing New York’s subways, […]
MOBILE, Ala. — Two ongoing questions about Amtrak’s Gulf Coast service — when it will begin and what the New Orleans-Mobile trains will be called — remained unanswered during a Tuesday, Oct. 22, groundbreaking ceremony for a station platform and layover track in Mobile. Transportation Secretary Pete Buttigieg and Federal Railroad Administration Administrator Amit Bose […]
JACKSONVILLE, Fla. — CSX Transportation has reached new tentative five-year deals with the International Brotherhood of Electrical Workers and the National Conference of Firemen & Oilers. The railroad also announced ratification of an agreement with yardmasters represented by the International Association of Sheet Metal, Air, Rail, and Transportation Workers-Transportation Division (SMART-TD). “The new tentative agreements […]
MONTREAL — Canadian National Railway saw modest revenue gains as wildfires and a work stoppage slowed operations in the third quarter in financial results announced today (Tuesday, Oct. 22). Revenue was $2.97 billion in the quarter ending Sept. 30, up 3% from the year-ago quarter. Operating income of $1.1 billion was unchanged from a year […]
ATLANTA — Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced today (Tuesday, Oct. 22). The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union work force. “Norfolk Southern is committed to working with all of our labor unions […]
BOSTON — The Massachusetts Bay Transportation Authority will continue its effort to address maintenance needs on its rail transit system with a series of projects in November on the Red and Green lines, as well as on three commuter rail lines. Previously announced work on the Orange Line is already in progress and is scheduled […]
ROSWELL, N.M. — BNSF Railway’s Carlsbad Subdivision has been closed by a washout near Roswell that will keep the line closed for most of the week, the railroad has informed customers. An advisory on the railroad website says the washout was reported shortly after 7 a.m. on Sunday, Oct. 20. After assessment by BNSF personnel, […]
PLEASANT LAKE, Ind. — Finishing off the 2024 operating season for Nickel Plate Road No. 765 was the Indiana Rail Experience’s second annual Fall Color Steam Special on Oct. 19 and 20. The all-day round-trip jaunts drew beautiful weather as the 80-year-old 2-8-4 of the Fort Wayne Railroad Historical Society marched up and down the […]
