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WASHINGTON — The Trump administration has rescinded its freeze on federal grants, which created confusion regarding a broad variety of government programs, including some in the rail industry. The Washington Post reports that a memo today (Jan. 29, 2025) from Matthew J. Vaeth, acting director of the Office of Management and Budget, said an order […]
DENVER — Rail and real estate company OmniTRAX has named David Garin as its board chairman and elected OmniTRAX CEO Dean Piacente to its board, the company announced today. Garin joined the OmniTRAX board in 2019 after 35 years with Class I railroads. That includes 19 years at BNSF Railway, where he oversaw sales and […]
ATLANTA — Norfolk Southern is back. That was the message CEO Mark George and the railroad’s executive team delivered on the fourth-quarter earnings call today (Jan. 29, 2025), where they emphasized how operational improvements helped NS meet or exceed the financial targets it set amid last year’s nasty proxy battle with activist investor Ancora Holdings. […]
SACRAMENTO, Calif. — A California state legislator has introduced a bill seeking to halt funding for California’s high speed rail project from the state’s greenhouse gas program and direct $1 billion annually to wildfire prevention and water projects. Assembly Bill 267 was introduced by Assemblywoman Alexandra Macedo (R-Tulare, Calif.) on Jan. 17. It calls for […]
WASHINGTON — Sean Duffy was confirmed as U.S. Secretary of Transportation today (Jan. 28, 2025) by a 77-22 vote of the Senate. The nomination of Duffy, a former House member from Wisconsin and recently a Fox News and Fox Business host, had been advanced last week by a 28-0 vote of the Commerce, Science and […]
CALGARY, Alberta — Canadian Pacific Kansas City’s intermodal reefer container business got a boost today with the announcement that partner Americold Realty Trust will build a cold storage facility at the Port of Saint John, New Brunswick. “Developing a state-of-the-art facility in Port Saint John marks an exciting step forward for Americold as the company […]
CALGARY, Alberta — Canadian Pacific Kansas City today said that it has reached a tentative four-year collective agreement with the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED), which represents engineering service employees in Canada. “Working together with the TCRC-MWED, we are pleased to have reached an agreement that is good for our […]
WASHINGTON — The Surface Transportation Safety Board is seeking candidates to fill a vacancy on its Passenger Rail Advisory Committee, the board has announced. The vacancy is for a representative from a state that provides funding from intercity passenger rail. Application deadline is Feb. 27. The vacancy is to replace Roger Millar, secretary of the […]
WASHINGTON — The U.S. Department of Transportation’s rail-related spending — including billions of dollars in funding for Amtrak — appears to be affected by President Donald Trump’s order freezing spending on thousands of federal assistance programs. However, the freeze itself is now on hold following a ruling from a federal judge staying the order while […]
EAST PALESTINE, Ohio — Norfolk Southern and the Village of East Palestine have reached a $22 million settlement to resolve all claims by the village resulting from the Feb. 3, 2023, derailment and hazardous-materials release, the two parties have announced. A joint statement on the East Palestine website says the village recognizes the approximately $13.5 […]
MONTREAL — Canadian National and the International Brotherhood of Electrical Workers of Canada have reached a tentative agreement on a new four-year contract, averting a strike that that been slated to begin today. The union represents approximately 750 signals and communications employees across Canada. They have been working without a contract since Dec. 31, 2024. […]
Railcar and locomotive lessor GATX reported 2024 fourth-quarter net income of $76.5 million or $2.10 per diluted share, compared to net income of $66 million or $1.81 per diluted share in the fourth quarter of 2023. Chicago-based GATX said utilization of its Rail North America unit’s wholly owned fleet, comprising approximately 111,400 cars, excluding 8,400 […]
