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 […]
SAN CARLOS, Calif. — Caltrain continues to see a ridership boost following the shift to electrified operation, with service up 41% in December compared to the same month a year earlier. The commuter rail operator recorded more than 588,000 riders in December, up from 416,000 in December 2023. The average weekday ridership of just over […]
Recent rail union news: — Amtrak dining car stewards represented by the International Association of Sheet Metal, Air, Rail and Transportation Workers-Transportation Division (SMART-TD) unanimously ratified a new agreement, retroactive to July 1, 2022 and running through Dec. 1, 2028, that will provide a compounded raise of 40.21% over the life of the contract. Other […]
CSX today named former Surface Transportation Board Chair Ann Begeman to its board of directors. Separately, Norfolk Southern said it has appointed former Celanese CEO Lori J. Ryerkerk to its board, a move made after a search process that was a part of an agreement with activist investor Ancora Holdings. “Ann brings a wealth of […]
WASHINGTON — Norfolk Southern today asked a federal court to dismiss the Justice Department’s lawsuit over the railroad’s handling of Amtrak’s Crescent, arguing that the government’s “extreme” interpretation of passenger train right of preference doesn’t hold water. NS says the Justice Department “complaint depends on the idea that freight railroads must totally clear their tracks […]
CALGARY, Alberta – Canadian Pacific Kansas City today said it has reached a tentative four-year collective agreement with Unifor, which represents approximately 1,200 of the railway’s employees in Canada. “We are pleased to have reached a tentative collective agreement at the negotiating table with our mechanical employees in Canada,” CPKC CEO Keith Creel said in […]
BOONTON, N.J. – Construction work in Amtrak’s East River Tunnels will indefinitely sideline the United Railroad Historical Society’s Hudson River Rail Excursions after trips scheduled for February and March with the group’s former New York Central lounge cars. The historical society will operate “Farewell (For Now) Excursions” from New York Penn Station to Albany-Rensselaer, N.Y., […]
JACKSONVILLE, Fla. – CSX today unveiled an addition to its Responder Incident Training program: Training locomotive CSXT No. 911343. The SD70M has been converted into a dedicated training locomotive that can simulate scenarios that first responders might encounter at a derailment scene or other emergency, such as engine compartment fires and crew rescues. “The RIT […]
OMAHA, Neb. – Union Pacific has implemented engineer scheduling at nearly three quarters of its crew hubs. The agreements, reached between the railroad and the Brotherhood of Locomotive Engineers and Trainmen, put engineers on a schedule that includes 11 days on and four days off. They previously were on call up to 24 hours per […]
NEW YORK — The president of New York City’s chapter of the Transport Workers Union has resigned following allegations of sexual misconduct, the union announced. In a statement on its website, TWU Local 100 said that Richard Davis cited health reasons for his resignation, but that TWU International President John Samuelsen had suspended Davis following […]
ANCHORAGE, Alaska — An Alaska museum and city, with help from donors including the Alaska Railroad, have won the auction for a 14-karat gold spike that was part of the railroad’s completion ceremony in 1923. The Anchorage Museum and city of Nenana will take turns displaying the spike, which was purchased for $201,600, according to […]
LAS VEGAS — Brightline West no longer expects to launch operations in time to capitalize on visitors to the 2028 Summer Olympics in Los Angeles, according to a company bond offering. KTNV-TV reports that the 1,200 pages of documents related to that bond offering indicate that passenger service is now likely to begin in December […]
