railroad News Updates

GovernmentBusinessTechnologyTCA

Rail Advocates Push for Pacific Northwest Bullet Train

Last week’s vote in Washington state to roll back car registration fees has scrambled transportation budgets. But Pacific Northwest rail advocates are undeterred in pursuing their vision of a bullet train connection among Portland, Seattle and Vancouver, Canada.

November 13, 2019
GovernmentBusinessTechnologyTCA

Conn. Rail Plan Would Cut Travel From New Haven to New York by 30 Minutes

Gov. Ned Lamont will call Nov. 7 for more than $4 billion in improvements for the Metro-North Railroad to cut travel times and alleviate traffic congestion in lower Fairfield County.

November 7, 2019
BusinessLogistics

American Railroads Are Already in Recession With No End in Sight

This year’s railroad slump is getting worse as a slowdown in manufacturing threatens broader weakness in the U.S. economy.

October 7, 2019
GovernmentBusinessLogistics

NYC-Area Rail Bridge Planners Take Another Shot at Federal Funds

New Jersey and New York officials will submit a revised financial plan for the $1.6 billion replacement of a decrepit bridge that’s key to rail traffic in the U.S. Northeast, the latest attempt to secure funding from a recalcitrant administration.

August 28, 2019
Business

CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves

Class 1 freight railroad CSX Corp. on July 16 reported second-quarter net earnings of $870 million, or $1.01 a share, compared with $877 million, or $1.08 a share — a 1% dip from the same period a year ago.

July 22, 2019
BusinessLogistics

Brookfield Buys Rail Operator Genesee for $8.4 Billion

An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.

July 1, 2019
GovernmentTechnologySafety

Secretary Elaine Chao Touts Positive Train Control Installment at Summit

The U.S. Department of Transportation has recorded progress with the implementation of positive train control technology, the country’s top transportation official indicated recently.

June 28, 2019
BusinessEquipmentTCA

Wabtec Names Rafael Santana CEO Effective July 1

Exactly two months after Westinghouse Air Brake Technologies purchased GE Transportation, Wabtec on April 25 announced that CEO Ray Betler will retire and that Rafael Santana, previously the CEO of GE Transportation, will step into that role as of July 1.

April 25, 2019
GovernmentBusinessTechnologyEquipmentSafety

BNSF, Amtrak Detail PTC Progress at House Hearing

Executives from BNSF Railway Co. and Amtrak assured federal lawmakers of their firms’ adherence to congressionally mandated requirements regarding automatic braking technology.

March 12, 2019
GovernmentBusinessTechnologyLogistics

White House Cancels $929 Million in Grants for California’s Beleaguered Rail Project

The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state’s Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns.

February 20, 2019