Wells Fargo to sell rail leasing business

Black GATX railroad tank car

SAN FRANCISCO — Wells Fargo will sell its rail leasing equipment business to a newly formed joint venture of GATX Corp. and Brookfield Infrastructure, the financial company announced Thursday (May 29, 2025). The joint venture will purchase approximately 105,000 railcars for $4.4 billion; Brookfield will separately acquire the Wells Fargo rail finance portfolio of approximately […]

Read More…

Amtrak, Metrolink service through San Clemente to resume June 7

Short passenger train on straight track across open wetlands

SAN CLEMENTE, Calif. — Amtrak and Metrolink service through San Clemente will resume on Saturday, June 7, the Orange County Transportation Authority announced today (Thursday, May 29). The Surf Line route through San Clemente — an area where landslides have frequently disrupted train traffic in recent years — has been closed since April 28 to […]

Read More…

Start of Amtrak’s Mardi Gras Service sees further delay

MOBILE, Ala. — The launch of Amtrak’s Mardi Gras Service between Mobile and New Orleans has been pushed back further, likely to the end of July or beginning of August. WALA-TV reports that Southern Rail Commission chairman Knox Ross told the station that “construction issues” are responsible for the latest delays. “We know the train’s […]

Read More…

Supreme Court rules in favor of Uinta Basin Railway backers (updated)

WASHINGTON – The Surface Transportation Board’s environmental review of the proposed Uinta Basin Railway was proper, the U.S. Supreme Court said today in an 8-0 decision that overturns a lower court’s order that blocked construction of the 88-mile Utah railroad. The STB in December 2021 approved the project, noting that the transportation merits of the […]

Read More…

BNSF prepares for container surge

Intermodal train passing small station

While U.S. logistics providers wait out the post-trade war lull in import shipments, BNSF Railway is setting up its network to handle an expected surge following a pause in tariffs between China and the United States. “I guess probably the most overused words in logistics is this ‘air pocket’ that hit us the last couple […]

Read More…

Texas grade-crossing separation program becomes law

AUSTIN, Texas — Texas Gov. Greg Abbot has signed into a law a bill creating funding to improve safety at railroad grade crossings, legislation sparked by the death of a Houston high school student late last year. Senate Bill 1555 passed the house by a 101-16 vote earlier this month, after passing the Senate by […]

Read More…

Illinois lawmakers’ last-minute bill would restructure Chicago-area transit, but not address funding crisis

Commuter train with Chicago skyline in background

SPRINGFIELD, Ill. — Illinois lawmakers have introduced a bill to restructure Chicago area transit agencies — but the bill does not address the $770 million shortfall that could lead to significant cuts in service. Streetsblog Chicago reports that on Wednesday, an existing bill regarding rules for bicyclists at stop signs, has, through amendment, been replaced […]

Read More…

US rail traffic ekes out another week of gains over 2024

Weekly table showing U.S. carload rail traffic by commodity type, plus overall intermodal volume

WASHINGTON — U.S. weekly rail traffic remained above 2024 levels for the week ending May 24 — but barely. According to statistics from the Association of American Railroads, traffic for the week was 488,709 carloads and intermodal units, a 0.7% gain over the same week in 2024. It marked the 13th consecutive week where traffic […]

Read More…