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PITTSBURGH — Wabtec’s revenue and profits increased in the fourth quarter, but the company’s stock tumbled 11% yesterday because the quarterly results and a new five-year outlook both came in below Wall Street expectations. The drop in Wabtec’s stock price was the largest in the S&P 500. Quarterly operating income increased 8.4%, to $334 million, […]
MEXICO CITY — Grupo Mexico’s transportation division — which includes Ferromex, Ferrosur, Florida East Coast Railway, and Texas Pacifico — reported lower revenue and flat net income for the fourth quarter despite a 5.5% increase in traffic volume. For the quarter, GMXT operating income declined 7.2%, to $197 million, as revenue declined 3.5%, to $763.9 […]
AUGUSTA, Maine — The April 2023 derailment of a CPKC train in rural Maine, which led to injuries to three crew members and a fire, was caused by a washout resulting from a beaver dam, a state agency has been told. The April 15, 2023, incident occurred when the train was traveling at about 35 […]
SEATTLE — Sound Transit has significantly revised its announced suspension of Sounder commuter rail service this morning (Feb. 13, 2025) and is now operating some trains. In a news release sent at 6:47 a.m. PT, the agency said three S line trains would operate, departing from Lakewood, Wash., at 6:06, 6:26, and 6:46 a.m.. N […]
RONKONKOMA, N.Y. — The state of New York will spend $150 million to connect the Long Island Rail Road’s Ronkonkoma station with a proposed new terminal at Long Island MacArthur Airport, a facility served by four commercial airlines. The project, announced Wednesday, Feb. 12, by Gov. Kathy Hochul, will include purchase of 48 acres of […]
NORTH VANCOUVER, British Columbia — Canadian National Railway and short line Battle River Railway are among six recipients of a total of Ca$33.1 million for infrastructure projects under Canada’s National Trade Corridors Fund. Transport Minister Anita Anand announced the funding, for projects in British Columbia and Alberta, on Wednesday, Feb. 12, at the Richardson International […]
WASHINGTON — U.S. rail traffic was up for the week ending Feb. 8, the fifth time in six weeks of 2025 that volume has shown a gain over 2024 levels. According to statistics from the Association of American Railroads, traffic for the week was 502,449 carloads and intermodal units, a 3.7% increase over the same […]
As it has been for all 10 years the list has existed, Amtrak is among companies named as one of America’s best large employers by Forbes magazine. The list of 701 companies with more than 5,000 employees, along with an accompanying list of the 498 best midsize employers — those with 1,000 to 5,000 workers […]
WASHINGTON — Matthew Lane, general manager of Pinsly’s Pioneer Valley Railroad in Massachusetts, has been named Safety Person of the Year by the American Short Line and Regional Railroad Association. Lane joins Herman Crosson, Anacostia Rail Holdings’ chief safety and compliance officer, in earning the ASLRRA’s top individual safety awards. Crosson was previously announced as […]
WASHINGTON — Two Illinois congressmen, backed by 39 cosponsors, have reintroduced legislation to provide a tax credit for replacement and modernization of the U.S. freight railcar fleet. U.S. Reps. Darren Hood, a Republican, and Brad Schneider, a Democrat, on Tuesday, Feb. 11, reintroduced HR 1200, the “Freight Rail Assistance and Investment to Launch Coronavirus-era Activity […]
FORT WORTH, Texas — Extreme cold has hobbled BNSF Railway’s operations on its Northern Transcon in North Dakota and Montana. “The extreme cold affecting the Northern Transcon route through Montana and North Dakota, with temperatures plunging over 20 degrees below zero in some areas overnight, has hindered normal train operations,” BNSF said in a customer […]
PHILADELPHIA — The Southeastern Pennsylvania Transportation Authority is modifying operations for the Super Bowl championship parade on Friday, Feb. 14 — and will offer free rides on two rail routes thanks to a Philadelphia Eagles sponsor. The parade is set to begin at 11 a.m. at the Eagles’ stadium, Lincoln Financial Field, with a ceremony […]
