Government, Business

Ronald Batory Sworn In as FRA Chief

Batory and Chao Batory, his wife, Barbara Batory, and Sec. Chao (Department of Transportation)

Two weeks after Ray Martinez was confirmed to lead the Federal Motor Carrier Safety Administration, Ronald Batory was sworn in as Federal Railroad Administration chief.

Eleanor Lamb | Staff Reporter
March 2, 2018
Government, Logistics

Top US Railroad Official Out After Reports of Moonlighting

Getty Images

Heath Hall has resigned as a top official with the Federal Railroad Administration, a Department of Transportation official said.

February 12, 2018
Government, Business, Logistics, TCA

Norfolk Southern Refused to Hire or Keep People With Medical Problems, Federal Agency Says in Lawsuit

Emmett Tullos/Flickr

Norfolk Southern Corp. systematically refused to hire or retain people with a wide range of real or perceived medical problems including cancer, diabetes, arthritis and heart problems, the federal government claims in a federal lawsuit filed Sept. 27 in Pittsburgh

Brian Bowling | The Pittsburgh Tribune-Review
September 28, 2017
Business, Logistics, TCA

CSX Layoffs Hit Chicago Switching Yard Amid National Cost-Cutting Moves, Union Says

CSX Train Franklin Campbell/Flickr

Railroad giant CSX, which is under fire from regulators for operating changes that have disrupted its freight service nationwide, laid off more than 6o employees this week at its primary Chicago switching yard, according to the workers’ union.

Robert Channick | Chicago Tribune
August 10, 2017
Government, Safety

Fla. County Receives Federal Grant to Improve Railway

rail tracks Florida plant city walterpro/Flickr

The Department of Transportation has approved an $8.67 million grant for Taylor County, Fla., to revitalize 80 miles of railway between Florida and Georgia, Rep. Neal Dunn (R-Fla.) has announced.

Eleanor Lamb | Staff Reporter
August 4, 2017

Rail Hot Streak Continues: Union Pacific Profits Up 19%, Beat Estimates

Union Pacific Union Pacific Corp.

Freight rail carrier Union Pacific Corp. announced July 20 that profits jumped 19% in the second quarter after CSX Corp. and Canadian Pacific Railway posted strong gains earlier in the week.

Ari Ashe | Staff Reporter
July 20, 2017
Business, Logistics

Analysis: CSX Profit Chugs Along, but Could Come at a Price

CSX railcar Stanley Forthright/Flickr

CSX Corp. investors who endorsed a massive pay package to bring railroad wunderkind Hunter Harrison on board as CEO are already seeing the payoff. The question is, at what cost?

Brooke Sutherland | Bloomberg News
July 19, 2017
Business, Logistics

Railroad 1Q Profits Increase on Rebound in Coal Shipping

Doug Wertman/Flickr

All publicly traded freight railroads reported higher profits in the first quarter, led by a strong rebound in coal transportation from the doldrums of recent years and continued improvement in the intermodal sector.

Ari Ashe | Staff Reporter
May 1, 2017

Wabtec Earnings Fall on Slumping Freight Market

Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.

Daniel Moore | Pittsburgh Post-Gazette
February 21, 2017
Business, Logistics

Shippers Spur Competition Between Trucks, Railroads

Jonathan Alcom/Bloomberg News

Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.

Ari Ashe | Staff Reporter
November 28, 2016