WASHINGTON — Genesee & Wyoming short line Central Oregon & Pacific will lease and operate nearly 28 miles of Union Pacific trackage in the Eugene, Ore., area as part of its deal to take over the Class I railroad’s local switching operations. Details about the transaction, which was announced yesterday, appeared in a regulatory filing […]
NEWARK, N.J. — NJ Transit’s board of directors has awarded the construction project for the lift portion of the new Raritan River Bridge, which will replace a 116-year-old swing bridge on its North Jersey Coast Line. Skanska Koch Inc. of Carteret, N.J., was selected for the project. The contract is worth a maximum of $444.4 […]
TRENTON, N.J. — Kris Kolluri, a former chairman of the NJ Transit board, will become the agency’s new CEO, New Jersey Gov. Phil Murphy has announced. The current board unanimously confirmed the nomination at its meeting today (Dec. 11). Kolluri will serve for the remainder of Murphy’s term, which ends in January 2026. His selection […]
WASHINGTON – CSX has nearly completed track and signal upgrades on the former Pan Am Railways, which the Class I says has improved service and will jump-start traffic growth in New England. When CSX acquired Pan Am for $600 million in 2022, the threadbare 1,700-mile regional railroad’s former Boston & Maine and Maine Central routes […]
Just shy of two years after the CPKC merger, the Class I railroad has purchased its first “new” locomotives. The eight General Electric ET44ACs were originally an order for Baffinland Iron Mines located on Baffin Island in Canada. The new-build mine project to haul iron ore to seaport via rail has been delayed many times, […]
I recently sifted through each of the publicly traded Class I railroads’ third-quarter earnings webcasts to get a consensus on revenue and volume expectations headed into the New Year [see “What Wall Street analysts are asking …,” Trains News Wire, Dec. 6, 2024]. A consistent theme is railroads are pricing above inflation. This means that […]
WASHINGTON — The Supreme Court appears to be willing to find for supporters of the Uinta Basin Railway in their appeal of a decision blocking construction of the Utah rail line — even if they have some issues with the method suggested by a lawyer for determining the adequacy of environmental reviews at the heart […]
Genesee & Wyoming short line Central Oregon & Pacific Railroad will take over local service from Union Pacific’s Eugene Yard in Oregon, in a move the railroads said will improve service for local customers. The change allows UP to reduce the number of times a railcar is handled and create greater efficiencies, while providing more […]
Yesterday’s news out of Montreal was a stunner: VIA Rail Canada will re-equip its long-distance, regional, and remote-service trains with new single-level equipment — including dome cars for its flagship, the Vancouver-Toronto Canadian. VIA Rail’s 70-year-old Budd-built stainless steel fleet is a testament to durability and design. But nothing lasts forever, and despite all their […]
WASHINGTON — November rail traffic is signaling a positive outlook for the broader economy heading into 2025. Resilient consumer spending helped intermodal continue to lead all categories in November and year to date, according to the Association of American Railroads’ Freight Rail Index (FRI) released Monday, Dec. 9. Continued strong consumer demand and port activity […]
NOVI, Mich. — Members of the Brotherhood of Maintenance of Way Employes Division of the Teamsters Rail Conference have ratified agreements at three railroads, the union announced. Union members at the Colorado & Wyoming Railway unanimously voted in favor of the agreement, while those at the Terminal Railroad Association of St. Louis and Norfolk & […]
NEWARK, N.J. — Kevin Corbett, president and CEO of NJ Transit since 2018, has resigned to take a university position. The resignation is effective Jan. 15, just short of seven years after he was appointed by Gov. Phil Murphy on Feb. 14, 2018. Murphy announced the resignation in a press release earlier today (Monday, Dec. […]
