Union Pacific reports record financial results

Freight train with yellow locomotive

OMAHA, Neb. — Union Pacific today reported record financial and operational results for 2025 despite a drop in fourth-quarter operating income. “The Union Pacific team delivered our best ever full year across safety, service and operating excellence,” CEO Jim Vena said on the railroad’s earnings call on Tuesday morning. “As we close out the year, […]

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Dech named new president of NICTD, operator of South Shore commuter line

Head shot of smiling man in coat and tie

CHESTERTON, Ind. — The Northern Indiana Commuter Transportation District has named David Dech, executive director of the South Florida Regional Transportation Authority, as its next president. Dech will succeed Michael Noland on March 16 as president of the agency overseeing South Shore Line commuter rail service. Noland announced his plans to retire in November [see […]

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OmniTRAX names Dreier as chief commercial officer

Head shot of man in coat and tie

DENVER — Rail and supply chain infrastructure company OmniTRAX has named Ryan Dreier as its new chief commercial officer, the company said today. Dreier joined OmniTRAX as executive vice president in 2025 from BNSF Railway. In his new role, he will oversee commercial strategy, sales operations, transload, and new business development for a company that […]

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BNSF announces $3.6 billion capital plan for 2026

Double-stack container train passing maintenance equipment

FORT WORTH, Texas — BNSF Railway will spend $3.6 billion under its 2026 capital plan, the railroad announced today (Jan. 26), with the majority — $2.8 billion — ticketed for infrastructure maintenance. “Our 2026 capital plan focuses on strengthening and modernizing our network so we can continue to meet our customers’ evolving needs,” CEO Katie […]

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LA Metro officials approve Sepulveda Corridor subway plan

Map showing rail transit in West Los Angeles and the San Fernando Valley

LOS ANGELES — The Los Angeles County Metropolitan Transportation Authority has approved a plan for a 13-mile, seven-station subway line to connect LA’s Westside to the San Fernando Valley. The underground route will parallel Sepulveda Pass, providing an alternative to the traffic-clogged 405 Freeway. The project is expected to make it possible to travel between […]

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Four plead guilty to charges in Amtrak health-care fraud scheme

U.S. Department of Justice seal

NEWARK, N.J. — Four Amtrak employees have pleaded guilty to charges relating to a health-care fraud scheme, the U.S. Attorney’s Office for the District of New Jersey has announced — the latest development in a long-running and widespread investigation. Timothy Bogen, 60, of Hamden, Conn., on Jan. 21 pleaded guilty before U.S. District Judge Madeline […]

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CSX sees small drop in revenue, slight gain in volume

Blue and yellow locomotives pulling a double-stack train

JACKSONVILLE, Fla. — CSX said today that its fourth quarter profits were weighed down by ongoing freight doldrums that the railroad doesn’t expect to turn around anytime soon. “Our quarterly results reflect the subdued industrial demand environment and actions taken to adjust our cost structure,” CEO Steve Angel said in a statement on Thursday afternoon. […]

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Pennsylvania DOT awards almost $53 million for freight rail projects

Red, white, and blue end-cab switcher

HARRISBURG, Pa. — Pennsylvania’s Department of Transportation will provide nearly $53 million for 30 rail freight infrastructure projects under a pair of grant programs, PennDOT announced on Wednesday, Jan. 21. Funding will come from the state’s Rail Transportation Assistance Program and Rail Freight Investment Program, which have invested more than $150 million in the state […]

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North Carolina DOT awards $16.3 million for rail infrastructure work

Logo of the North Carolina Department of Transportation

RALEIGH, N.C. — The North Carolina Department of Transportation will provide $16.3 million in funding for 15 rail infrastructure projects through its Rail Division’s Freight Rail & Rail Crossing Safety Improvement program. With matching grants from participating railroads and the N.C. Ports Authority, the projects will have a total value of $41.5 million. “These projects […]

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Three groups shortlisted for Penn Station redevelopment

Exterior view of Penn Station entrance with Madison Square Garden in the background

NEW YORK — Amtrak has released a shortlist of three consortia to be considered for the renovation of New York’s Penn Station. A post on Amtrak’s procurement portal as of Tuesday, Jan. 20, provides a list of three groups and their lead developers: Grand Penn Partners [Macquarie] Penn Forward Now [Fengate] Penn Transformation Partners [Halmar] […]

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