Government, Business, Logistics, TCA

Possibilities, Costs ‘Enormous’ for A2A Rail

Alaska railroad Railroad track by the Lower Trail Lake in the Chugach National Forest in Alaska. Canadian rail lines currently get as close to Alaska as Whitehorse in the Yukon. (Getty Images)

The backers of a new rail line to link Alaska to Canada and Lower 48 markets insist it would generate upward of $5 billion of freight revenue through the state.

Elwood Brehmer | Alaska Journal of Commerce
December 5, 2019
Government, Business, Logistics

CN Rail Downgrades Financial Outlook as Result of Strike

CN train Canadian National Railway CEO JJ Ruest said the company is recovering well from the eight-day strike. But the railroad did downgrade its financial picture for the rest of the year. (Canadian National)

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.

Dan Ronan | Associate News Editor
December 3, 2019
Government, Safety

FRA Proposal Calls for State Highway-Rail Grade Crossing Plans

A railroad in Alaska A railroad in Alaska, which is one of the 40 states that would need to develop a highway-rail grade crossing action plan under the proposed rule. (Getty Images)

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.

Eleanor Lamb | Staff Reporter
November 13, 2019
Government, Business, Technology, TCA

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

Metro-North Railroad A view of the the Metro-North Railroad's Hudson Line at the Croton–Harmon station in Croton-on-Hudson, N.Y., on Nov. 2, 2016. (Seth Wenig/Associated Press)

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.

Christopher Keating | The Hartford (Conn.) Courant
November 7, 2019
Business

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

CSX railroad A CSX freight train pulls tank cars past downtown Pittsburgh, on June 24, 2019. (Associated Press/Gene J. Puskar)

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.

Dan Ronan | Associate News Editor
July 22, 2019
Government, Technology, Safety

Secretary Elaine Chao Touts Positive Train Control Installment at Summit

Elaine Chao Department of Transportation Secretary Elaine Chao (Patrick T. Fallon/Bloomberg News)

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.

Eugene Mulero | Staff Reporter
June 28, 2019
Government, Business, Technology, Equipment, Safety

BNSF, Amtrak Detail PTC Progress at House Hearing

Rep. David Price (D-N.C.), chairman of the transportation funding subpanel. Rep. David Price (D-N.C.), chairman of the transportation funding subpanel. (House Appropriations Subcommittee/YouTube)

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

Eugene Mulero | Staff Reporter
March 12, 2019
Business, Logistics

SteelRiver Infrastructure Looking to Sell Patriot Rail

Railroad tracks Getty Images

SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.

Gillian Tan | Bloomberg News
February 12, 2019
Business, Technology, Logistics

TorQuest Partners Invests in Cando Rail

TorQuest Partners, a Toronto-based midmarket private equity firm, has invested in Cando Rail Services Ltd. of Brandon, Manitoba.

November 13, 2018
Government, Business, Logistics

Senate Considers Presidential Nominees for Surface Transportation Board

CSX train TT file photo

The Senate Committee on Commerce, Science and Transportation is one step closer to doubling the number of members who sit on the Surface Transportation Board. The committee convened a hearing April 11 to consider Patrick Fuchs and Michelle Schultz to serve as members of the board.

Eleanor Lamb | Staff Reporter
April 11, 2018

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