DALLAS — Despite a softening market for new railcars, manufacturing and leasing company Trinity Industries reports big growth in revenues and net income in the third quarter of 2019. Quarterly company revenue was up 34% over the third quarter of 2018; total net earnings were up 77%, officials say. CEO Timothy Wallace attributes the increases […]
UP reopens Spokane bridge damaged by truck NEWSWIRE
SPOKANE, Wash. — Union Pacific said it was able to quickly repair and restore to service a bridge that had been closed when struck by a truck. The city of Spokane reported in a Twitter post that the Altamont Street railroad underpass in East Spokane was closed after sustaining “significant damage” after being struck by […]
News Wire Round-up for the week of Oct. 25 NEWSWIRE
Watch Trains editors talk about the week in rail news. This week, Brian and Steve discuss Iowa Pacific railroads’ receivership, Class I railroad earnings, a Duluth steam locomotive, and more! […]
AAR: US rail traffic plummets more than 8 percent for the week of Oct. 19 NEWSWIRE
Association of American Railroads WASHINGTON — The Association of American Railroads recently reported U.S. rail traffic for the week ending Oct. 19. For this week, total U.S. weekly rail traffic was 507,381 carloads and intermodal units, down 8.6% compared with the same week last year. Total carloads for the week ending Oct. 19 were 245,002 […]
Bluewater Michigan Chapter donates former Seaboard observation to North Carolina museum NEWSWIRE
North Carolina Transportation Museum SPENCER, N.C. – The North Carolina Transportation Museum Foundation, the support group for the museum, will be the recipient of the Seaboard Air Line (SAL) No. 6604, a streamlined passenger rail car from the post-World War II era. Built for SAL in 1947, the 85-foot stainless steel rail car features a […]
BNSF track work to alter Metra schedules Oct. 25-27 NEWSWIRE
An outbound Metra train passes BNSF maintenance-of-way equipment near Downers Grove, Ill., on Oct. 27, 2018, during a three-day maintenance project on the BNSF Railway main line between Chicago and Aurora, Ill. A similar tie replacement project this weekend will alter Metra schedules on the BNSF route. TRAINS: David Lassen CHICAGO — A major BNSF […]
Canadian Pacific posts record financial results, lowers volume outlook NEWSWIRE
A Canadian Pacific train passes through Deerfield, Ill., in November 2018. CP reported record financial results but slightly lowered its volume expectations as part of its quarterly earnings report. TRAINS: David Lassen CALGARY, Alberta – Canadian Pacific reported record third-quarter financial results on Wednesday, as traffic was up slightly and the railway set records for key […]
CSX’s Zacker receives AAR environmental award NEWSWIRE
JACKSONVILLE, Fla. — CSX Transportation’s Brian M. Zacker has received the 2019 North American Environmental Employee Excellence Award from the Association of American Railroads. Zacker, an environmental field services senior manager, becomes the ninth CSX employee in 18 years to win the industry’s highest honor for environmental professionals. “Brian applied decades of environmental experience to […]
GATX sees quarterly earnings drop NEWSWIRE
CHICAGO – Earnings for the Rail North America segment of leasing company GATX dropped by nearly 11% for the third quarter of 2019, but corporate officials are “cautiously optimistic.” Regarding the future of the economy and its effect on GATX, CEO Brian Kenney told those on the company’s quarterly earnings call, “I don’t have that […]
Illinois senator responds to report on cost of Amtrak on-time problems NEWSWIRE
WASHINGTON — U.S. Sen. Dick Durbin (D-Ill.) is calling for freight railroads to do more to improve Amtrak on-time performance, indicating to Amtrak and the Federal Railroad Administration his interest in working with the passenger railroad and federal agency on the issue. Durbin sent letters to Amtrak and the FRA in response to a report […]
Iowa Pacific goes along with abandonment of New York State branch in STB filing NEWSWIRE
NORTH CREEK, N.Y. — New York State’s attempt to have a portion of the Saratoga & North Creek Railway’s tracks be declared abandoned is no longer opposed by Iowa Pacific, the line’s owner, according to a filing with the Surface Transportation Board. “SNCR has no objection to proceeding with the pending abandonment on a voluntary […]
NS expects Missouri bridge back in service by Nov. 6 NEWSWIRE
Work continues on replacement of a Norfolk Southern bridge in Missouri wiped out by flooding on Oct. 1. Norfolk Southern BRUNSWICK, Mo. — Norfolk Southern officials are projecting a Nov. 6 restoration of Kansas City-Moberly, Mo., service over the Grand River bridge near Brunswick. The bridge was destroyed by heavy rains and flood debris Oct. […]
