The complexity of building a bullet train through Southern California’s urban maze is leading state officials to consider two major additions: a tunnel under the Burbank airport and a project that would help a freight railroad expand its switching yards in the Inland Empire.
December 3, 2019railroad News Updates
CN Rail Downgrades Financial Outlook as Result of Strike
Canadian National Railway is making a quick recovery from the eight-day strike by 3,200 Teamsters Canada Rail Conference conductors and yard crews, according to the Montreal-based railroad.
December 3, 2019FRA Proposal Calls for State Highway-Rail Grade Crossing Plans
The Federal Railroad Administration has issued a proposed rule that would require states to develop highway-rail grade crossing action plans — or update the action plans they have.
November 13, 2019Rail 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, 2019Conn. 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, 2019American 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, 2019NYC-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, 2019CSX 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, 2019Brookfield 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, 2019Secretary 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