railroads
New York Gov. Cuomo Announces $87 Million in Rail, Port Funding
"These targeted investments allow us to modernize our state’s aging rail and port infrastructure, helping to spur economic growth and ensure we remain competitive in today’s global economy.”(Gov. Andrew Cuomo via YouTube)
New York Gov. Andrew Cuomo announced the availability of $87 million for port and rail improvements in an effort to enhance the state’s trade corridors,
February 12, 2021Railroads Install Crash-Prevention System Ahead of US Deadline
A Norfolk Southern freight train rolls through downtown Pittsburgh in March 2018. (Gene J. Puskar/Associated Press)
U.S. railroads have completed installation of an automated crash-prevention system that covers 57,536 miles of freight and passenger tracks ahead of an end-of-year deadline that was previously extended, the Federal Railroad Administration announced Dec. 29.
December 29, 2020Rail Cargo Posts First Gain in Two Years as Consumer Goods Surge
CSX freight locomotives pull a train. (Luke Sharrett/Bloomberg News)
U.S. railroads are back, with freight volume posting the first quarterly gain in two years.
December 29, 2020CSX Agrees to Buy New England’s Pan Am Railways
A CSX train crosses an intersection in Ocala, Fla. (Doug Engle/Ocala Star Banner)
CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.
December 2, 2020CSX Reports Lower Q3 Net Income, Revenue
Revenue for CSX in Q3 dropped 11% to $2.64 billion compared with $2.97 billion in Q3 of 2019. (Gene J. Puskar/Associated Press)
CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.
October 22, 2020DOT Announces Funding Availability for Rail Crossing Projects
Kansas Department of Transportation
The U.S. Department of Transportation has made available $50 million in grant funding to commuter rail agencies that are conducting projects to improve safety at railway-highway crossings.
August 25, 2020Union Pacific Posts Profit, Revenue Declines in Q2
Union Pacific ended the quarter with 22% fewer employees, shedding 8,598 positions for a headcount of about 30,100. (Oregon Department of Transportation)
Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.
July 27, 2020Canadian National Q2 Earnings Squeezed by Pandemic
Canadian National Railway finished the second quarter with 22,112 workers compared to 27,215 during the same period last year, a reduction of 18.7%. (Canadian National Railway Co.)
Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.
July 22, 2020Most Railroads Nearing Positive Train Control Implementation
A Norfolk Southern train. Congress directed railroads to fully implement PTC systems by Dec. 31, a two-year extension of an initial deadline. (Norfolk Southern Corp.)
Positive train control technology is either in advanced field testing or operational on 98% of the required route miles mandated by Congress, according to an assessment.
May 27, 2020FRA Announces $311 Million in Funding Availability
Getty Images
More than $311 million in funding is available for projects designed to improve freight and passenger rail connectivity, federal railroad regulators announced this month.
April 20, 2020