KANSAS CITY. Mo. — Kansas City Southern, which reported fourth-quarter and full-year earnings growth today, expects revenue to grow at least 11% this year as cross-border petroleum and intermodal traffic continue to soar. “We feel very good about 2021 and beyond,” CEO Pat Ottensmeyer told investors and analysts on the railroad’s earnings call on Friday […]
KANSAS CITY, Mo. — The coronavirus pandemic has hit Kansas City Southern de Mexico particularly hard, with up to 15% of the railroad’s train crews out on leave due to COVID-19. On a typical day, about 5% of train crews systemwide mark off due to coronavirus on both sides of the border, KCS executives said […]
More Friday morning rail news: MTA CEO says agency will avoid service cuts, layoffs Metropolitan Transportation Authority CEO Patrick J. Foye says the agency will avoid service cuts and layoffs thanks to about $4 billion it will receive from the latest coronavirus stimulus package. Foye told WCBS Radio the agency was “out of the woods,” for 2021, […]
Thursday morning rail transit news: Utah Transit Authority looks to build bus line, rather than light rail, to serve Draper project The Utah Transit Authority has scrapped plans for a light rail line between Draper and Lehi, Utah, opting instead to pursue construction of a bus rapid transit line. The Salt Lake Tribune reports the […]
Thursday morning rail news: BART accepting applications for railcar reuse proposals Bay Area Rapid Transit is now accepting applications for proposals to reuse cars it is planning to retire. In a press release, the transit agency says the majority of cars will be recycled and used for parts, but it is soliciting proposals from museums, […]
WASHINGTON — Amit Bose has been named deputy administrator for the Federal Railroad Adminstration and Nuria Fernandez the deputy administrator of the Federal Transit Administration, part of a group of more than three dozen appointments to the U.S. Department of Transportation announced today by the Biden Administration. “This experienced team looks forward to getting right […]
WASHINGTON — If Americans now have a train enthusiast in the White House, they soon will have one at the U.S. Department of Transportation. Pete Buttigieg, the former mayor of South Bend, Indiana, testified Thursday to the Senate Commerce Committee, a precursor to his likely confirmation by the full Senate. The committee’s chairman, Mississippi Republican […]
JACKSONVILLE, Fla. — CSX Transportation’s service deteriorated in the fourth quarter as pandemic infections and quarantines affected train, engine, and yard crews across the system. At the hardest hit terminals, up to 40% of employees were unable to come to work due to infections or quarantines, executives said on the railroad’s earnings call on Thursday. […]
JACKSONVILLE, Fla. – CSX Transportation expects intermodal and merchandise volume to grow faster than the economy this year as the railroad continues to win share from the highway. “We expect to return to growth in 2021,” CEO Jim Foote told investors and analysts on the railroad’s quarterly earnings call Thursday. Merchandise traffic growth should outpace […]
OMAHA, Neb. — Union Pacific expects volume to increase by 4% to 6% this year as vaccines are rolled out, the economy recovers, and trucking capacity remains tight. Railroad executives gave their cautiously optimistic outlook Thursday morning during the company’s fourth-quarter earnings call. Other than energy-related traffic segments, UP has a positive view on volume. […]
Thursday midday rail news: KCS, development firm to develop Wylie, Texas, logistics park Kansas City Southern and NorthPoint Development have announced plans to develop a 220-acre logistics park in Wylie, Texas, adjacent to the railroads’ David L. Starling Wylie Intermodal Terminal. The Wylie Logistics Park, in a northeastern suburb of Dallas, will have the potential […]
FORT WORTH, Texas — BNSF Railway says it will spend $2.99 billion on capital improvements in 2021, nearly equaling its $3.08 billion capital plan of 2020. The vast majority of funding — $2.41 billion — will go to maintenance. The railroad plans to replace 428 miles of rail, approximately 2.6 million ties, and will undertake […]
