JACKSONVILLE, Fla. — Shortline operator Patriot Rail is going to the debt markets for refinancing, prompting all three ratings agencies to weigh in on its issue. Three ratings on the same issue and company at the same issue is unusual. Companies often are satisfied with one or maybe two. But all three were published this […]
DALLAS — Trinity Industries saw revenue and profit fall in the fourth quarter on fewer deliveries of new railcars and said U.S. tariffs are expected to cut industry deliveries by 20% in 2025. On Thursday (Feb. 20), Trinity reported revenue for the three months ending Dec. 31 of $629 million, down from $798 million year […]
WASHINGTON — Surface Transportation Board Chairman Patrick Fuchs — who has indicated a desire to have the board address matters more quickly, as well as be more transparent — today (Feb. 21, 2025) offered updates on six long-running proceedings, one of which dates to 2009. The matters in question are: — An abandonment request from […]
WASHINGTON – Railroad industry officials have raised concerns about a recent National Public Radio story that they say glorifies train hopping, a practice that is both dangerous and illegal. The Feb. 17 story, “Train hoppers ride the rails across America — and you can tag along,” stunned officials from the Federal Railroad Administration, the Association […]
ATLANTA – Trains are rolling again on Norfolk Southern’s Heartland Corridor after flooding on the route in southern West Virginia, eastern Kentucky, southwest Virginia, and eastern Ohio due to a storm that began on Friday. Both main line tracks were operational as of midday today, NS said in a customer advisory. Service between Portsmouth, Ohio, […]
WASHINGTON — Union Pacific will lease 1.25 miles of trackage in Kansas City, Mo., to a new Jaguar Transport short line next month. The Kansas City West Bottoms Railroad will serve a cluster of customers located off UP’s KC Metro Big Mary Subdivision between milepost 0.63 and milepost 1.60 in Kansas City, according to a […]
WASHINGTON — U.S. weekly rail traffic remained up, although slightly, compared to 2024 levels in the week ending Feb. 15, 2025. According to figures from the Association of American Railroads, total traffic for the week was 480,740 carloads and intermodal units, an increase of 1.5% from the same week a year ago. The total included […]
WASHINGTON — An improperly lined switch, and a conductor’s failure to verify the switch’s position, led to the head-on collision of two CSX trains near Folkston, Ga., in April 2024, according to a National Transportation Safety Board investigation report. The final report into the April 15, 2024, incident was issued today (Feb. 19, 2025). The […]
MIAMI BEACH, Fla. — Class I railroad chief executives told an investor conference today that their crystal ball is as cloudy as anyone’s regarding the potential impact of the tariffs that President Donald Trump has threatened to impose on Mexico and Canada. The 25% tariffs initially were due to begin this month, but Trump subsequently […]
Scott Kremer’s Great Northern Ry. Cascade Division in HO scale | Trains.com video staff captures Model Railroader Editor Eric White as he tours Scott Kremer’s 30 x 42-foot HO (1:87) scale basement layout. Catch a sneak peek months before crowds arrive to visit and operate the impressive model railroad set for display during the 2025 NMRA […]
MONTREAL — VIA Rail Canada service between Toronto and Montreal, already struggling to cope with a massive snowstorm, was further disrupted today (Feb. 18, 2025) by a Canadian National derailment near Montreal. The 12-car derailment occurred at CN’s Taschereau Yard near Lachine and adjacent to Montreal’s Trudeau International Airport. CN said no leaks or injuries […]
CALIENTE, Calif. — About 15 cars of a Union Pacific train derailed on Tehachapi Pass today (Tuesday, Feb. 18), blocking traffic on the busy route shared by UP and BNSF Railway. KBAK-TV reports the Kern County Fire Department was called to the derailment about 9:29 a.m. on Caliente-Bodfish Road, 2 miles north of State Route […]
